Two-Story Commercial
1021 NW 1st Street Fort Lauderdale, FL 33311
For Sale
Under Contract
$975,000
COMMERCIAL - Fort Lauderdale, FL
Property Size2,504 SF
Lot Size0.16 Acres
Price / SF$389.38
Days on Market1164
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 Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Amy McGrotty · License #3418995
(954) 347-1732
Added: May 23, 2023
Changed: Jul 13
Last Checked: Jul 29 at 1:06PM
MLS# F10382163
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.
This two-story commercial building is offered for sale on a downtown lot of approximately 0.16 acres. The property totals 2,504 square feet and is zoned B-3. Permissible uses are referenced in the attached information.
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.
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.
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 |
2,504 SF · lease $25.20/SF/yr · vacancy 5.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$552.0K
$483.0K – $644.0K
NOI $38,637 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$516.5K
$452.0K – $602.6K
NOI $36,157 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,788 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Cafe cubano catering — 1423 SW 2nd St #2, Fort Lauderdale, FL 33312
- Air Gourmet — 700 S Andrews Ave, Fort Lauderdale, FL 33316
- Lone Star Drafts — 201 E Las Olas Blvd, Fort Lauderdale, FL 33301
- FOODIE EVENTS & CATERING — 809 W Las Olas Blvd, Fort Lauderdale, FL 33312
- Epicureans of Florida - Private Chef, Catering & Luxury Events — 4 W Las Olas Blvd Unit 1801, Fort Lauderdale, FL 33301
Frequently Asked Questions
What type of property is this?
Flex space - Two-story commercial building on a downtown lot, zoned B-3 and within NPF-CRA and Opportunity Zone.
Where is this flex space located?
The property is located at 1021 NW 1st Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 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.
