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    Lake Ridge Apartments For Sale Title is generated by Realmo AI

    1030 N Victoria Park Rd, Fort Lauderdale, FL 33304

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    13-unit apartment building in the desirable Lake Ridge neighborhood.

    Type:Multifamily
    Property size:
    6,044 SF
    Price / SF:
    $445/SF
    Added:
    Mar 4, 2026
    Days on Market:
    95
    Last Refresh:
    Mar 16 at 2:32 pm

    Property Features for 1030 N Victoria Park Rd

    General Information

    Standard status
    Active
    Size
    6,044 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Evan Kristol

    Listing agent Evan Kristol License #FL SL640466

    Listing office Marcus & Millichap - Fort Lauderdale

    Listing date Mar 4, 2026

    Source Crexi

    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 Marcus & Millichap - Fort Lauderdale

    HighLights

    • Prime Location: Walkable neighborhood in the desirable Lake Ridge area of Fort Lauderdale, close to Sunrise Boulevard, retail, restaurants, and major attractions like Las Olas and Galleria Mall.
    • Renovated Interiors: Modern kitchens with stainless‑steel appliances, granite countertops, solid wood cabinets, and stylish vinyl wood flooring.
    • Gated Community: Provides security and privacy for residents.
    • Convenient Amenities: On‑site laundry facilities, assigned parking, and a landscaped courtyard with picnic tables.
    • Proximity to Key Services: Close to well‑regarded schools and major healthcare facilities.
    • Excellent Transportation Access: Minutes from I‑95, providing easy access to Miami, Palm Beach, and the broader South Florida region.

    Overview

    Located in the Lake Ridge submarket of Fort Lauderdale, Florida, this 13-unit apartment building offers a fully gated community with renovated interiors. The units feature modern kitchens with black and stainless-steel appliances, solid wood cabinets, granite countertops, ceiling fans, central, mini-split and wall-unit air conditioning, glass showers, ceiling fans, and stylish vinyl wood flooring. Select apartments include stackable washer and dryer, walk-in closets, and built-in microwaves. Residents benefit from two on-site laundry facilities, assigned parking, and a large, landscaped courtyard with mosaic-tiled picnic tables. Originally built in 1966 and updated in recent years with new water and waste lines and interior electric panels, the 6,044 square foot building is situated in a walkable environment near retail shops, restaurants, and cafes. The property is located north of Sunrise Boulevard, placing residents within walking distance or a short drive of numerous retail shops, restaurants, and cafes. Entertainment options are abundant, with Las Olas Boulevard’s galleries and nightlife, The Galleria Mall’s upscale retail, and Coral Ridge Mall’s mix of stores and an AMC theater all nearby. Beach Place on Fort Lauderdale Beach adds an open-air shopping and dining experience with live music and ocean views. The property is located within a short distance of Bennett Elementary School, Sunrise Middle School, and Fort Lauderdale High School. Broward Health Medical Center is 1.5 miles away, and Holy Cross Health is about 4.6 miles away. Holiday Park and Hugh Taylor Birch State Park are also nearby, offering sports fields, trails, and beach access. Downtown Fort Lauderdale and the arts district are also close, providing cultural venues like the Broward Center for Performing Arts and the Museum of Discovery and Science. The property is just minutes from Interstate 95, ensuring quick connectivity to Miami, Palm Beach, and the greater South Florida region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1228867
    Latitude
    26.1386974

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    FAQs

    What type of property is this?
    Apartment building - 13-unit apartment building in the desirable Lake Ridge neighborhood.
    Where is this apartment building located?
    The property is located at 1030 N Victoria Park Rd Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $2,690,000.
    What are key features of this property?
    This property features: Prime Location: Walkable neighborhood in the desirable Lake Ridge area of Fort Lauderdale, close to Sunrise Boulevard, retail, restaurants, and major attractions like Las Olas and Galleria Mall.; Renovated Interiors: Modern kitchens with stainless‑steel appliances, granite countertops, solid wood cabinets, and stylish vinyl wood flooring.; Gated Community: Provides security and privacy for residents.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Evan Kristol
    Real Estate License ID: FL SL640466
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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.

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