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    Waterfront Mixed-Use Building For Sale Title is generated by Realmo AI

    240 Commercial Blvd, Lauderdale by the Sea, FL 33308

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    For Sale
    $5,399,000

    Mixed Use, Detached - Lauderdale By The Sea, FL

    Type:Mixed Use
    Property size:
    9,000 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $599/SF
    Added:
    Mar 2, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 240 Commercial Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Property condition
    New Construction
    Zoning
    B-1
    Parking
    12
    Parking features
    Covered, Garage
    Security features
    Security System
    Interior features
    Security System
    Standard status
    Active
    APN
    494318050170
    Size
    9,000 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    31574

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Flooring type
    Carpet, Concrete, Marble, Slate
    Building materials
    Block
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Skalecki

    Listing agent Kevin Skalecki License #3429889

    Listing office Compass Florida, LLC 1212 Lincoln Rd, Miami, FL

    Listing date Mar 2, 2026

    MLS# A11971742 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Sweeping waterfront, marina, and skyline views in Lauderdale‑by‑the‑Sea.
    • Flexible, non‑bearing interiors for custom build‑out on each of the three floors.
    • Rooftop deck with city and partial ocean views; third floor zoned for office or residential use (up to two residences).
    • Reinforced foundation and roof to accommodate a future fourth floor.
    • Class‑A quality property with floor‑to‑ceiling glass, balconies on every level, elevator service, and a refined granite and marble exterior.
    • Prime location on high‑traffic Commercial Boulevard, steps to the beach, dining, and shops, across from a multi‑million‑dollar yacht marina.

    Overview

    This three-story mixed-use building is located in Lauderdale-by-the-Sea. Designed as a corporate headquarters, this Class-A quality property features a lobby, floor-to-ceiling glass, balconies on every level, elevator service, and a refined granite and marble exterior. The property offers flexible, non-bearing interiors for custom build-out. The third floor is zoned for office or residential use (up to two residences) with access to a rooftop deck. The building includes a kitchen, multiple bathrooms, 11 private parking spaces, and a ground-level patio. It has immediate exposure on high-traffic Commercial Boulevard, east of the bridge and steps to the beach, dining, and shops. The building was built with a reinforced foundation and roof to accommodate a future fourth floor. The property is situated across from a yacht marina. It is ideal for a corporate headquarters, mixed-use investment, or live-work vision. The lot size is 0.0918 acres. The building has been recently certified under Florida’s 25-year inspection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Lauderdale by the Sea
    County
    Broward
    State
    Florida
    Longitude
    -80.0998244
    Latitude
    26.1895054

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use building with waterfront views in Lauderdale-by-the-Sea.
    Where is this mixed-use property located?
    The property is located at 240 Commercial Blvd Lauderdale by the Sea, FL.
    What is the asking price?
    The asking price for this property is $5,399,000.
    What are key features of this property?
    This property features: Sweeping waterfront, marina, and skyline views in Lauderdale‑by‑the‑Sea.; Flexible, non‑bearing interiors for custom build‑out on each of the three floors.; Rooftop deck with city and partial ocean views; third floor zoned for office or residential use (up to two residences).
    (954) 644-0447
    We can help!
    Listing Contact
    Kevin Skalecki
    Real Estate License ID: 3429889
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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