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    Lauderhill Retail Corner Units Title is generated by Realmo AI

    8717-8723 NW 50, Lauderhill, FL 33351

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    For Sale
    $465,000

    Retail - Lauderhill, FL

    Type:Retail
    Property size:
    1,445 SF
    Price / SF:
    $321/SF
    Added:
    Apr 20, 2026
    Days on Market:
    33
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for 8717-8723 NW 50

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    COMMERCIAL
    Security features
    Security Lighting
    Exterior features
    Security Lights, Storm/Security Shutters
    Standard status
    Active
    APN
    049411AE0010
    Size
    1,445 SF

    Taxes and HOA fees

    Expense value
    1400
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2003
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Concrete, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Alexis Poveda

    Listing agent Alexis Poveda License #3038679

    Listing office United Realty Group Inc 12399 SW 53 ST Ste 101, Plantation, FL

    Listing date Apr 20, 2026

    MLS# A11904528 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

    • Two corner units offering a 1445 sf retail space.
    • Located in a busy shopping center with long‑term tenants.
    • Built in 2003 and well‑maintained.
    • Plenty of parking available for customers.
    • Three assigned parking spaces plus a loading area.
    • Concrete roof and block construction.

    Overview

    Two corner retail units are available in a busy shopping center. The current business operating in the space is a convenience store, but the business itself is not included in the sale. The retail space encompasses 1445 square feet. Constructed in 2004, the building is well-maintained and offers ample parking for customers. The units have 3 assigned parking spaces, plus a loading area.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $309.1K
    NOI $27,818 @ 9.00% cap · cautious / downside scenario
    Moderate
    $397.4K
    NOI $27,818 @ 7.00% cap · market / base-case scenario
    Aggressive
    $556.4K
    NOI $27,818 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $39.9k $27.60
    − Vacancy −$2.8k −$1.93
    EGI $37.1k $25.67
    − OpEx −$9.3k −$6.42
    NOI $27.8k $19.25
    1,445 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $397.4K
    $347.7K – $463.6K (±1% cap)
    NOI $27,818 @ 7.0% cap · market cap 5.98%
    Second Best
    Retail
    $349.1K
    $305.4K – $407.2K (±1% cap)
    NOI $24,434 @ 7.0% cap · market cap 5.25%
    Theoretical Best
    Office A
    $733.1K
    $641.5K – $855.3K (±1% cap)
    NOI $51,318 @ 7.0% cap · market cap 11.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.2670321
    Latitude
    26.1869173

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    FAQs

    What type of property is this?
    Grocery and convenience store - Two corner retail units in a busy Lauderhill shopping center.
    Where is this grocery and convenience store located?
    The property is located at 8717-8723 NW 50 Lauderhill, FL.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: Two corner units offering a 1445 sf retail space.; Located in a busy shopping center with long‑term tenants.; Built in 2003 and well‑maintained.
    (305) 409-2309
    We can help!
    Listing Contact
    Alexis Poveda
    Real Estate License ID: 3038679
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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.

    More about this property
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    8717-8723 NW 50, Lauderhill, FL 33351
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