Proven Short-Term Rental
For Sale
Contact for pricing
Pending
1039 North Victoria Park Road, Fort Lauderdale, FL 33304
For sale as a proven short-term rental performer generating approximately $132,600 annually.
Property Size3,469 SF
Days on Market99
Property Features for 1039 North Victoria Park Road
General Information
Standard status
Pending
Size
3,469 SF
Class
A
Property subtype
Multifamily
Investment Type
Stabilized
Building Details
Units
5
Tenancy
Multi
Listing Agency:
THE AGENCY
(954) 837-3090
Listed By:
David Simonetta · License #3306180
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Aug 5 at 1:45PM
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 THE AGENCY
Investment Insights
Based on property information with market context.
This property is offered for sale as a proven short-term rental performer, generating approximately $132,600 annually. Public remarks also cite approximately $130,000 in annual gross income.
An additional opportunity is described to acquire the neighboring income-producing property, creating a multi-property investment compound. The property is located at 1039 N Victoria Park Rd, Fort Lauderdale, FL 33304.
An additional opportunity is described to acquire the neighboring income-producing property, creating a multi-property investment compound. The property is located at 1039 N Victoria Park Rd, Fort Lauderdale, FL 33304.
Key Highlights
- Proven short‑term rental performer with approximately $132,600 in annual gross income
- Includes approximately $130,000 in annual gross income based on provided remarks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,840
$1.0M
Cap Rate 7%
$744,171
$744.2K
Cap Rate 9%
$578,800
$578.8K
Market Conditions
NOI Build-Up for 3,469 SF
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.
Gross rent
$99.9K $28.80/SF
− Vacancy
−$5.2K −$1.50/SF
EGI
$94.7K $27.30/SF
− OpEx
−$42.6K −$12.29/SF
NOI
$52.1K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,840
Cap Rate 7%
$744,171
Cap Rate 9%
$578,800
Alternative Uses
Best Use
Apartment 5plus
$744.2K
$651.2K – $868.2K
NOI $52,092 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,182 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - For sale as a proven short-term rental performer generating approximately $132,600 annually.
Where is this short term rental property located?
The property is located at 1039 North Victoria Park Road Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,748,000.
What are key features of this property?
This property features: Proven short‑term rental performer with approximately $132,600 in annual gross income; Includes approximately $130,000 in annual gross income based on provided remarks
