Two-Bay Climate-Controlled
New
For Sale
$695,000
1202 NE 8TH Avenue, Fort Lauderdale, FL 33304
The rear bay is occupied, while the front bay is vacant and available for use or lease.
Property Size2,283 SF
Days on Market5
Property Features for 1202 NE 8TH Avenue
General Information
Standard status
Active
Size
2,283 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,052
Amenities
climate-controlled
Building Details
Building Size
2,283 SF
Year Built
1955
Listing Agency:
LIV Realty & Management Inc
Listed By:
Thomas A Ghaltchi · License #3062314
(954) 993-3387
Source:
Tylertuchow
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:15PM
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 LIV Realty & Management Inc
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Investment Insights
Based on property information with market context.
This climate-controlled warehouse, built in 1955, is divided into two bays. The front bay is vacant and move-in ready; the rear bay is occupied and generates income. The configuration offers both an available space and an income-producing occupied bay.
Key Highlights
- Two‑bay, climate‑controlled warehouse
- Built in 1955
- Occupied rear bay generates income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,925
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,500
$758.5K
Cap Rate 7%
$541,786
$541.8K
Cap Rate 9%
$421,389
$421.4K
Market Conditions
NOI Build-Up for 2,283 SF
Gross rent
$46.6K $20.40/SF
− Vacancy
−$2.0K −$0.86/SF
EGI
$44.6K $19.54/SF
− OpEx
−$6.7K −$2.93/SF
NOI
$37.9K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,500
Cap Rate 7%
$541,786
Cap Rate 9%
$421,389
Alternative Uses
Best Use
Warehouse
$541.8K
$474.1K – $632.1K
NOI $37,925 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,392 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The rear bay is occupied, while the front bay is vacant and available for use or lease.
Where is this warehouse located?
The property is located at 1202 NE 8TH Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑bay, climate‑controlled warehouse; Built in 1955; Occupied rear bay generates income
