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    924 Orange Isle unit 924-926 Fort Lauderdale, FL 33315

    View on Map
    For Sale
    $999,000

    MULTI_FAMILY - Fort Lauderdale, FL

    Property size:
    2,691 SF
    Lot size:
    0.17 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 924 Orange Isle unit 924-926

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RD-15
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
    Patio and Porch features
    Patio, Deck
    Fencing
    Fenced
    Standard status
    Active
    APN
    504216340080
    Size
    2,691 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    16-50-42 COMM AT PT ON N BNDRY OF TR 6 OF MRS E F MARSHALLS SUB 1-2 B SAID PT BEING 495.56 FT W OF NE COR OF TR 6,SLY 5
    TaxAnnualAmount
    15502

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Seawall, Ocean Access
    Water front
    1

    Building Details

    Year built
    1967
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    CBS
    Roof type
    Composition

    We can help!

    Listing Contact
    Stephen A Mossini
    Stephen A Mossini

    Listing agent Stephen A Mossini License #3249161

    Listing office Local Real Estate Co 1300 N Federal Hwy Suite # 207, Boca Raton, FL

    Listing date Sep 24, 2025

    MLS# R11126563

    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.

    Overview

    Waterfront Duplex with Ocean Access

    This fully renovated duplex is located in Orange Isles and offers dockage and direct ocean access. Each of the two residences features 2 bedrooms and 2 bathrooms. The interiors are light-filled and include custom kitchens, spa-inspired baths, designer tile flooring, finished closets, and laundry rooms. Modern upgrades include 2019 A/C units, 2018 water heaters, a 2014 roof, a sewer pipe liner, security systems, and accordion shutters. Exterior features include professional landscaping and privacy fencing. The property is a turnkey investment opportunity for owners seeking luxury living with stable rental income. The property size is 2691 square feet and the lot size is 0.17 acres. The zoning is RD-15. This multi-family property is located in Fort Lauderdale, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.154854
    Latitude
    26.100302

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex in Orange Isles with dockage and rental income.
    Where is this duplex located?
    The property is located at 924 Orange Isle unit 924-926 Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Waterfront duplex with dockage and direct ocean access.; Fully renovated units featuring custom kitchens and spa‑inspired baths.; Turnkey property ideal for investors or owners seeking rental income.
    (561) 789-6391
    We can help!
    Listing Contact
    Stephen A Mossini
    Stephen A Mossini
    Real Estate License ID: 3249161
    Learn More
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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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