Federal Hwy Retail/Office
For Sale
$710,000
1200 S Federal Hwy, Fort Lauderdale, FL 33316
Freestanding retail/office building on Federal Hwy in Fort Lauderdale.
Property Size1,108 SF
Lot Size0.04 Acres
Price / SF$640.79
Days on Market216
Property Features for 1200 S Federal Hwy
General Information
Standard status
Active
Size
1,108 SF
Lot size
0.04 Acres
Building Details
Year Built
1964
Listing Agency:
Luxe Properties
Listed By:
Paula Barbaran Zapata · License #3506383
(786) 670-2289
Source:
Mymiahomes
Added: Mar 10
Changed: Oct 8
Last Checked: Oct 7 at 3:54PM
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 Luxe Properties
Investment Insights
Based on property information with market context.
This commercial property is a freestanding retail/office building with approximately 1,108 square feet of space, situated on a 1,833 square foot lot. The interior has been updated with fresh paint and new flooring. The layout is divided into three functional spaces, each with a private entrance. Mini-split A/C units are installed. The property includes one bathroom. On-site parking is available for 3-4 cars in front of the building. Located on Federal Hwy in Fort Lauderdale, the property benefits from a high-visibility corner location with heavy traffic. The B-1 zoning allows for a variety of business uses, making it suitable for retail, office, or professional services. This property is being sold AS-lS and presents an opportunity for investors or owner-users.
Key Highlights
- Prime location on busy Federal Hwy with high visibility and heavy traffic.
- Freestanding retail/office building with B‑1 zoning allowing a variety of business uses.
- Divided into 3 functional spaces, each with private entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,831
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,620
$636.6K
Cap Rate 7%
$454,729
$454.7K
Cap Rate 9%
$353,678
$353.7K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$50.5K $45.60/SF
− Vacancy
−$8.1K −$7.30/SF
EGI
$42.4K $38.30/SF
− OpEx
−$10.6K −$9.58/SF
NOI
$31.8K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,620
Cap Rate 7%
$454,729
Cap Rate 9%
$353,678
Alternative Uses
Best Use
Office B
$454.7K
$397.9K – $530.5K
NOI $31,831 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$744.6K
$651.5K – $868.7K
NOI $52,120 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,850
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail/office building on Federal Hwy in Fort Lauderdale.
Where is this retail space located?
The property is located at 1200 S Federal Hwy Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Prime location on busy Federal Hwy with high visibility and heavy traffic.; Freestanding retail/office building with B‑1 zoning allowing a variety of business uses.; Divided into 3 functional spaces, each with private entrance.
