1021 NW 1st Street Fort Lauderdale, FL 33311
COMMERCIAL - Fort Lauderdale, FL
Property Features for 1021 NW 1st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- 504204010370
- Size
- 2,504 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2021
- Tax Description
- SEMINOLE ADD F R OLIVERS AMEN PLAT 1-88 D LOT 11 BLK 204
- Tax Annual Amount
- 10700
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Building materials
- Block
Listing agent Amy McGrotty License #3418995 (954) 347-1732
Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Tampa, FL (888) 883-8509
Listing date May 23, 2023
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.
The building is located about one block off Broward Blvd, with access to highways and proximity to downtown, FLL international airport, Flagler, Progresso, and FAT Village.
The site is also identified as being in NPF-CRA and Opportunity Zone. The listing notes CRA improvement funds may be available for a buyer to build out to suit their needs, as others are doing in the downtown corridor.
Key Highlights
- Prime downtown Fort Lauderdale location, just one block from Broward Blvd.
- B‑3 zoning allows for a wide range of commercial uses (see attachments).
- Located in NPF‑CRA and Opportunity Zone, offering potential financial incentives.
Local Financial Insights For Flex RnD
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 | $63.1k | $25.20 |
| − Vacancy | −$3.7k | −$1.46 |
| EGI | $59.4k | $23.74 |
| − OpEx | −$20.8k | −$8.31 |
| NOI | $38.6k | $15.43 |
Alternative Uses
Property Analytics
Current Use by Public Records
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