1026 NW 9th Ave, Fort Lauderdale, FL 33311
A high-traffic storefront with 10 parking spaces, a new roof, and three operating tenants across restaurant and retail uses.
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 20 at 2:12 am
Property Features for 1026 NW 9th Ave
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agent Elior Levi License #3574869 (954) 743-7594
Listing office Fausto Commercial Realty Consultants Inc (954) 743-7594
Listing date Jun 16, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
HighLights
- 2,700 SF commercial property at 1026 NW 9th Ave (built 1961) in Fort Lauderdale’s Progresso Village / South Middle River area
- High‑traffic corridor with approximately 31,500 vehicles per day plus strong storefront exposure
- 10 parking spaces and a new roof
- Fully occupied by three tenants: two restaurants and one beauty supply store
- NOI of $75,845.67; pro forma GOI of $105,828.00
- Scheduled rent increases for all tenants: two in January 2026 and one in December this year
Overview
Situated in the Progresso Village / South Middle River area of Fort Lauderdale, the property benefits from exposure along a high-traffic corridor, with approximately 31,500 vehicles per day. The site includes 10 parking spaces, supporting convenient customer access, and the property is positioned just minutes from Downtown and I-95.
From an operating standpoint, the tenant mix offers continuity of use with established restaurant and retail businesses in place. Financially, the property is reported with an NOI of $75,845.67, and tenants have scheduled rent increases, including two in January 2026 and one in December this year. A pro forma GOI of $105,828.00 is noted in the offering materials, along with the possibility of future NNN conversion, providing a basis for continued income evolution tied to the documented escalations.
Local Financial Insights For Specialty Retail
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 | $77.8k | $28.80 |
| − Vacancy | −$5.3k | −$1.96 |
| EGI | $72.5k | $26.84 |
| − OpEx | −$18.1k | −$6.71 |
| NOI | $54.4k | $20.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1341555
- Latitude
- 26.1381003
