Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121 Se 1st Ave Dania, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail property available for lease in Dania, Florida.

    Type:RETAIL
    Property size:
    6,297 SF
    Lot size:
    0.18 Acres
    Added:
    Oct 18, 2024
    Days on Market:
    557
    Last Refresh:
    Apr 5 at 11:15 pm

    Property Features for 121 Se 1st Ave

    General Information

    Standard status
    Active
    Size
    6,297 SF
    Lot size
    0.18 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 121 Se 1st Ave Contact us

    We can help!

    Listing Contact
    Louie Granteed

    Listing agent Louie Granteed

    Listing office Tobin Properties

    Listing date Oct 18, 2024

    Source Moodyscre

    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 Tobin Properties

    Overview

    Retail Space in Dania, FL

    A retail property offering 6297 square feet of space is available for lease. Located in Dania, Florida, the property is suitable for retail or other retail purposes. The listing price is $40.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ravenswood Paint & Body Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dania
    County
    Broward
    State
    Florida
    Longitude
    -80.1426
    Latitude
    26.0498

    Nearby Similar for Lease

    • $2,500/Mo

      Prime Retail Space For Rent

      Retail space for rent on US-1 with high traffic.
      1419 S Federal Hwy, Dania, FL 33004
      View Details
    • Contact for pricing

      Retail Space on Federal Hwy

      Retail space with high visibility and convenient transit access.
      236 N Federal Hwy, Dania, FL
      View Details
    • Contact for pricing

      Art Deco Building in Dania

      Freestanding Art Deco building suitable for offices or retail.
      49 N Federal Hwy, Dania, FL
      View Details
    • $25 SF/Yr

      Industrial Warehouse with Built-Out Offices

      8,858 SF industrial warehouse with climate control and offices.
      301-321 Bryan Rd, Dania, FL
      View Details
    • $20 SF/Yr

      Dania Beach Showroom Space

      2,500 SF showroom space on Stirling Road available for lease.
      1300 Stirling Rd, Dania, FL
      View Details
    • $18 SF/Yr

      Dania Beach Industrial Park

      Industrial park near I-95, airport, and Port Everglades.
      1200 Stirling Rd, Dania, FL
      View Details
    • $35 SF/Yr

      Downtown Office Space with Views

      Office space for rent with downtown views and security.
      200 SW 1st Ave, Dania, FL
      View Details
    • Contact for pricing

      High Image Distribution Warehouse Space

      Modern Class-A industrial space with excellent access and visibility.
      2200 NE 7th Ave, Dania, FL
      View Details
    • Contact for pricing

      Retail Space Near Dania Beach

      Retail spaces available near Federal Highway and Dania Beach Casino.
      308-370 E Dania Beach Blvd, Dania, FL
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for lease in Dania, Florida.
    Where is this retail property located?
    The property is located at 121 Se 1st Ave Dania, FL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Retail property available for lease.; Located in Dania, Florida.
    (954) 868-4163 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Louie Granteed
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!