Multi-Tenant Retail Strip
For Sale
$599,900
2510 NW 19th St, Fort Lauderdale, FL 33311
SINGLE_FAMILY - Fort Lauderdale, FL
Property Size2,323 SF
Lot Size0.16 Acres
Price / SF$258.24
Days on Market36
Property Features for 2510 NW 19th St
General Information
Property type
Residential
Property subtype
Retail
Zoning description
CB
Parking
9
Subdivision
3560
Standard status
Active
APN
494232120490
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LAUDERDALE MANOR HOMESITES 34-21 B LOT 27 BLK 2
Tax Annual Amount
9125
Legal Description
LAUDERDALE MANOR HOMESITES 34-21 B LOT 27 BLK 2
Building Details
Year built
2002
Floors in Building
1
Number of units
4
Listing Agency:
Florida Capital Realty
(786) 953-5870
Listed By:
Patricio Sly · License #3413323
(954) 389-3604
Added: Jul 10
Last Checked: Aug 14 at 5:06AM
MLS# A12050162
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.
Investment Insights
Based on property information with market context.
This fully occupied, four-unit multi-tenant retail strip center is offered for sale as a stabilized income property. The building includes four leased retail units, and each unit has its own private bathroom and air conditioning system. Recent exterior updates include a freshly painted exterior, along with a newly sealed and striping parking lot, supporting lower near-term capital needs.
The property is located at 2510 NW 19th St in Fort Lauderdale, with convenient access to I-95. It is positioned on a busy NW 19th Street and includes nine on-site parking spaces, designed to support customer access.
The current in-place NOI is reported at $37,500, with a stated current in-place cap rate of 6.25%. The seller also projects a pro forma NOI of approximately $56,700, citing additional value through future lease renewals and rental adjustments. The property is located within a federally designated Opportunity Zone.
The property is located at 2510 NW 19th St in Fort Lauderdale, with convenient access to I-95. It is positioned on a busy NW 19th Street and includes nine on-site parking spaces, designed to support customer access.
The current in-place NOI is reported at $37,500, with a stated current in-place cap rate of 6.25%. The seller also projects a pro forma NOI of approximately $56,700, citing additional value through future lease renewals and rental adjustments. The property is located within a federally designated Opportunity Zone.
Key Highlights
- Fully occupied 4‑unit multi‑tenant retail strip center built in 2002 in Fort Lauderdale
- 2,323 SF commercial building with four leased retail units, each with a private bathroom and its own A/C system
- Current in‑place NOI of $37,500 with a 6.25% current in‑place cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,380
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,600
$827.6K
Cap Rate 7%
$591,143
$591.1K
Cap Rate 9%
$459,778
$459.8K
Market Conditions
NOI Build-Up for 2,323 SF
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.
Gross rent
$64.1K $27.60/SF
− Vacancy
−$5.0K −$2.15/SF
EGI
$59.1K $25.45/SF
− OpEx
−$17.7K −$7.63/SF
NOI
$41.4K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,600
Cap Rate 7%
$591,143
Cap Rate 9%
$459,778
Alternative Uses
Best Use
Retail
$591.1K
$517.3K – $689.7K
NOI $41,380 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,274 @ 7.0% cap · market cap 18.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 16%
Apparel 8%
Electronics 3%
dd's DISCOUNTS
Shops & Services
20,049 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,954 visits/mo
0.2 miles
Price Choice Foodmarket 3
Groceries
11,563 visits/mo
0.1 miles
BP
Shops & Services
10,178 visits/mo
0.1 miles
Citi Trends
Apparel
5,835 visits/mo
0.1 miles
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied four-unit retail strip center with nine on-site parking spaces and private restrooms in each unit.
Where is this strip mall located?
The property is located at 2510 NW 19th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Fully occupied 4‑unit multi‑tenant retail strip center built in 2002 in Fort Lauderdale; 2,323 SF commercial building with four leased retail units, each with a private bathroom and its own A/C system; Current in‑place NOI of $37,500 with a 6.25% current in‑place cap rate
