Mixed-Use Building Near E.
For Sale
$995,000
1083 SE 17th St, Fort Lauderdale, FL 33316
Mixed-use building with restaurant, retail, and residential potential.
Property Size1,917 SF
Lot Size0.03 Acres
Price / SF$519.04
Days on Market171
Property Features for 1083 SE 17th St
General Information
Standard status
Active
Size
1,917 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,993
Building Details
Building Size
1,917 SF
Year Built
1968
Listing Agency:
Bonvie Realty
(954) 232-8494
Listed By:
Richard Bonvie · License #610564
(954) 232-8494
Source:
Elliman
Added: Mar 10
Changed: Aug 16
Last Checked: Aug 26 at 9:53AM
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 Bonvie Realty
Investment Insights
Based on property information with market context.
This 1,917 sq. ft. mixed-use building features restaurant and retail space on the first floor, with residential space on the second floor. The property is located off E. 17th St. Causeway in Fort Lauderdale, across the street from Quarterdeck and Whiskey Neat, and near Port Everglades and Fort Lauderdale International Airport. Downtown is also located within minutes of the property, offering accessibility and exposure. The building is offered in shell condition, ready to be customized. The property presents an investment opportunity for an owner-user or developer. For a larger footprint, the property can be combined with the adjacent 1,193 sq. ft. retail building, creating a total of 3,110 sq. ft. of contiguous space. The property was formerly the location of "Isla Pilipinos Cafe."
Key Highlights
- Prime location immediately off E. 17th St. Causeway in the heart of Ft Lauderdale.
- Flexible potential for owner‑user or developer with restaurant/retail space on the 1st floor and residential on the 2nd.
- Offered in shell condition, ready to be customized.
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
$29,416
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
2.96%
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%
$588,320
$588.3K
Cap Rate 7%
$420,229
$420.2K
Cap Rate 9%
$326,844
$326.8K
Market Conditions
NOI Build-Up for 1,917 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
$50.6K $26.40/SF
− Vacancy
−$3.5K −$1.85/SF
EGI
$47.1K $24.55/SF
− OpEx
−$17.6K −$9.21/SF
NOI
$29.4K $15.34/SF
Area
Fort Lauderdale, FL
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
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%
$588,320
Cap Rate 7%
$420,229
Cap Rate 9%
$326,844
Alternative Uses
Best Use
Mixed Use
$420.2K
$367.7K – $490.3K
NOI $29,416 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,176 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with restaurant, retail, and residential potential.
Where is this mixed-use property located?
The property is located at 1083 SE 17th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location immediately off E. 17th St. Causeway in the heart of Ft Lauderdale.; Flexible potential for owner‑user or developer with restaurant/retail space on the 1st floor and residential on the 2nd.; Offered in shell condition, ready to be customized.
