Warehouse with One Vacant
1612 NW 38th Avenue Fort Lauderdale, FL 33311
1612 NW 38th Avenue, Fort Lauderdale, FL, 33311
$4,999,999
For Sale
$4,999,999
COMMERCIAL - Fort Lauderdale, FL
Property Size20,000 SF
Lot Size1.19 Acres
Price / SF$249
Days on Market504
Property Features for 1612 NW 38th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CW
- Parking features
- Guest
- Standard status
- Active
- APN
- 494231240020
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- INDUSTRIAL 100 UNIT 2 85-2B PT OF TR D DESC AS;COMM AT NW COR TR E,W 40 ALG S/R/W/L OF CANAL TO POB,CONT W 32.36,S 203.30,W 204.01 TO PT ON
- Tax Annual Amount
- 55343
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Building materials
- Block, CBS
Listing Agency
G & E Realty Group, Inc
(754) 223-4216
3325 S University Dr #201, Cooper City, FL
Listed by
Itshak M Mor-Yossef · License #3026619
(954) 682-5599
Added: Feb 28, 2025 Checked: Jul 17 at 11:06 am
MLS# F10489554
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property is available for sale and includes multiple warehouse units, with only one unit currently vacant. The listing indicates the building size is over 20,000 square feet, supported by a 51,000 square foot lot.
Located in Lauderhill near UPS, the site is zoned CW. The property is being marketed as a commercial warehouse asset and should be viewed to confirm current unit configuration and vacancy details.
If you’re looking for a warehouse offering with existing occupancy and a single available unit, this property provides a clear place to start your due diligence and scheduling.
Located in Lauderhill near UPS, the site is zoned CW. The property is being marketed as a commercial warehouse asset and should be viewed to confirm current unit configuration and vacancy details.
If you’re looking for a warehouse offering with existing occupancy and a single available unit, this property provides a clear place to start your due diligence and scheduling.
Key Highlights
- Large 20,000+ sq ft warehouse space.
- Substantial 51,000 sq ft lot size.
- Prime location in Lauderhill next to UPS.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $408.0k | $20.40 |
| − Vacancy | −$17.1k | −$0.86 |
| EGI | $390.9k | $19.54 |
| − OpEx | −$58.6k | −$2.93 |
| NOI | $332.2k | $16.61 |
20,000 SF · lease $20.40/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.75M
$4.15M – $5.54M
NOI $332,234 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.44M
$11.76M – $15.68M
NOI $940,800 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eglise Tabernacle de ...
Church
Eglise Tabernacle de ...
Church
Kayl hart llc
Electronics & Wireless Store
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FAQs
What type of property is this?
Warehouse - For sale warehouse property with one currently vacant unit next to UPS, set on a sizable lot.
Where is this warehouse located?
The property is located at 1612 NW 38th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: Large 20,000+ sq ft warehouse space.; Substantial 51,000 sq ft lot size.; Prime location in Lauderhill next to UPS.
