Freestanding Retail
For Sale
$1,050,000
1026 NW 9th Avenue, Fort Lauderdale, FL 33311
Fully occupied retail property with three operating businesses, on-site parking, and a recently replaced roof.
Property Size2,719 SF
Price / SF$386.17
Days on Market55
Property Features for 1026 NW 9th Avenue
General Information
Standard status
Active
Size
2,719 SF
Total Parking Spaces
10
Property subtype
Retail
Occupancy
100%
Net Operating Income
$73,543
Financials
Cap Rate
7%
Opportunity Zone
Yes
Site & Location
Traffic Count
31,500 vehicles/day
Highway Access
Yes
Building Details
Year Built
1961
Buildings
1
Tenancy
Multi
Listing Agency:
Current Capital Realty
(954) 966-8181
Listed By:
Caio Martin · License #3251304
(781) 367-1454
Source:
Lehmannflorida
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 9 at 10:18PM
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 Current Capital Realty
Investment Insights
Based on property information with market context.
This freestanding retail building contains 2,719 square feet and is occupied by three businesses: a nail salon, restaurant, and beauty supply store. The month-to-month lease structure includes annual rent increases, while a new roof and 10 dedicated parking spaces add functional value for continued operations. The property was built in 1961.
Positioned at 1026 NW 9th Ave in Fort Lauderdale’s Progresso Village / South Middle River area, the property fronts a corridor reported to carry approximately 31,500 vehicles per day. Downtown Fort Lauderdale and I-95 are minutes away. The asset is within a designated Opportunity Zone and has a 7.0% going-in cap rate. WalkScore is 63, BikeScore is 58, and TransitScore is 42.
Positioned at 1026 NW 9th Ave in Fort Lauderdale’s Progresso Village / South Middle River area, the property fronts a corridor reported to carry approximately 31,500 vehicles per day. Downtown Fort Lauderdale and I-95 are minutes away. The asset is within a designated Opportunity Zone and has a 7.0% going-in cap rate. WalkScore is 63, BikeScore is 58, and TransitScore is 42.
Key Highlights
- 2,719 SF freestanding retail building
- Three operating tenants: nail salon, restaurant, and beauty supply store
- Month‑to‑month leases with annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,434
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,680
$968.7K
Cap Rate 7%
$691,914
$691.9K
Cap Rate 9%
$538,156
$538.2K
Market Conditions
NOI Build-Up for 2,719 SF
Gross rent
$75.0K $27.60/SF
− Vacancy
−$5.9K −$2.15/SF
EGI
$69.2K $25.45/SF
− OpEx
−$20.8K −$7.63/SF
NOI
$48.4K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,680
Cap Rate 7%
$691,914
Cap Rate 9%
$538,156
Alternative Uses
Best Use
Retail
$691.9K
$605.4K – $807.2K
NOI $48,434 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,902 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
31,500 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
216k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 28%
Shops & Services 22%
Groceries 22%
Dining 20%
The Home Depot
Home Improvements & Furnishings
57,435 visits/mo
0.2 miles
Publix
Groceries
46,722 visits/mo
0.4 miles
McDonald's
Dining
31,062 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
16,794 visits/mo
0.4 miles
Courtyard by Marriott Fort Lauderdale Downtown
Hotels & Casinos
10,089 visits/mo
0.5 miles
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied retail property with three operating businesses, on-site parking, and a recently replaced roof.
Where is this storefront property located?
The property is located at 1026 NW 9th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,719 SF freestanding retail building; Three operating tenants: nail salon, restaurant, and beauty supply store; Month‑to‑month leases with annual rent increases
