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    1590 S State Road 7 Fort Lauderdale, FL 33317

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    Expansive lot ideal for automotive businesses with repair and detail areas.

    Type:Auto Dealership
    Property size:
    3,234 SF
    Added:
    Nov 21, 2025
    Days on Market:
    162
    Last Refresh:
    Nov 25 at 3:25 am

    Property Features for 1590 S State Road 7

    General Information

    Standard status
    Active
    Size
    3,234 SF
    Property subtype
    Auto Dealership

    We can help!

    Listing Contact
    Rachel Anderson

    Listing agent Rachel Anderson License ##BK165590

    Listing office RJ Realty

    Listing date Nov 21, 2025

    Source Sperrycga

    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 RJ Realty

    Overview

    High-Visibility Automotive Property on State Road 7

    Located at 1590 S State Road 7, Ft. Lauderdale, FL, 33317, this property offers a leasing opportunity with high visibility on State Road 7. The location benefits from a traffic count of 55,500 vehicles per day. The 27,446 square foot lot can accommodate over 60 vehicles. Zoned B-3 in Ft. Lauderdale, the property includes a repair area equipped with two inside lifts and one exterior lift, all in working condition, as well as a car detail area. It is situated approximately one-half mile north of I-595, and 2 miles north of Manheim Auto Auction. The property is also located just north of Gunther Motors Ft. Lauderdale and McDonald's. The lease will be on a modified gross basis with annual rent increases based on CPI with a floor of 4% and a ceiling of 8%, plus adjustments for Real Estate Taxes and Insurance over the base year of the lease. The 3,234 square foot property is available for occupancy within 30 days.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turnpike Auto Insurance Insurance Agency Cruiser Auto Sales Car Dealership Track Motors Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • GrasslandAuto — 4780 Peters Rd, Plantation, FL 33317
    • WRAY'S CAR RENTAL LLC — 4420 Peters Rd Suite 204, Plantation, FL 33317
    • Enterprise Rent-A-Car — 1880 S State Rd 7, Fort Lauderdale, FL 33317
    • U-Haul Neighborhood Dealer — 3940 Riverland Rd, Fort Lauderdale, FL 33312

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.201319
    Latitude
    26.099704

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    FAQs

    What type of property is this?
    Automotive property - Expansive lot ideal for automotive businesses with repair and detail areas.
    Where is this automotive property located?
    The property is located at 1590 S State Road 7 Fort Lauderdale, FL.
    What are key features of this property?
    This property features: High visibility location on State Road 7 with a traffic count of 55,500 vehicles per day.; Large 27,446 sq ft lot can accommodate 60+ vehicles, ideal for automotive businesses.; B‑3 zoning in Ft. Lauderdale, suitable for a variety of business uses.
    (954) 907-0134
    We can help!
    Listing Contact
    Rachel Anderson
    Real Estate License ID: #BK165590
    Learn More
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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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    1590 S State Road 7, Ft. Lauderdale, FL 33317

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