Retail Storefront with Ample
For Sale
Contact for pricing
115 SW 1st Ct, Dania Beach, FL 33004
Storefront retail building zoned CC with ample customer parking and high visibility in Dania Beach.
Property Size2,001 SF
Price / SF$372.81
Days on Market26
Property Features for 115 SW 1st Ct
General Information
Standard status
Active
Size
2,001 SF
Property subtype
OFFICE
Zoning
CC
Building Details
Year Built
2006
Listing Agency:
RE/MAX of Stuart
(772) 323-7037
Listed By:
Rosi Shepard · License #3320083
(772) 323-7037
Source:
Moodyscre
Added: Jul 21
Changed: Aug 12
Last Checked: Aug 15 at 8:18AM
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 RE/MAX of Stuart
Investment Insights
Based on property information with market context.
This 2,021 SF storefront retail building is available for retail space, constructed in 2006. The property is zoned CC, supporting a variety of commercial uses, and features an attractive storefront and exterior. A versatile layout is designed to accommodate different retail concepts, and the building is described as well-maintained and ready for immediate occupancy.
Located at 115 SW 1st Ct in Dania Beach, the site is positioned for visibility and easy accessibility aimed at serving high foot traffic. Ample parking is provided for customer convenience.
The combination of CC zoning, storefront presence, and customer-focused access makes this a practical option for retailers looking for a ready-to-occupy space with straightforward parking.
Located at 115 SW 1st Ct in Dania Beach, the site is positioned for visibility and easy accessibility aimed at serving high foot traffic. Ample parking is provided for customer convenience.
The combination of CC zoning, storefront presence, and customer-focused access makes this a practical option for retailers looking for a ready-to-occupy space with straightforward parking.
Key Highlights
- 2,021 SF storefront retail building
- Constructed in 2006
- Zoned CC for a variety of commercial uses
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
$33,835
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
4.54%
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%
$676,700
$676.7K
Cap Rate 7%
$483,357
$483.4K
Cap Rate 9%
$375,944
$375.9K
Market Conditions
NOI Build-Up for 2,001 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
$52.8K $26.40/SF
− Vacancy
−$4.5K −$2.24/SF
EGI
$48.3K $24.16/SF
− OpEx
−$14.5K −$7.25/SF
NOI
$33.8K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$676,700
Cap Rate 7%
$483,357
Cap Rate 9%
$375,944
Alternative Uses
Best Use
Retail
$483.4K
$422.9K – $563.9K
NOI $33,835 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$888.3K – $1.18M
NOI $71,063 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail building zoned CC with ample customer parking and high visibility in Dania Beach.
Where is this storefront property located?
The property is located at 115 SW 1st Ct Dania Beach, FL.
What is the asking price?
The asking price for this property is $746,000.
What are key features of this property?
This property features: 2,021 SF storefront retail building; Constructed in 2006; Zoned CC for a variety of commercial uses
