Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2970 Griffin Rd Dania Beach, FL 33312

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,700,000

    Prime lot with two buildings, diverse zoning, and high visibility.

    Lot size:
    0.77 Acres

    Property Features for 2970 Griffin Rd

    General Information

    Lot size
    0.77 Acres

    We can help!

    Listing Contact
    Lesli Burkhead
    Lesli Burkhead
    Source: Elliman

    Listing Agent: Lesli Burkhead

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Dania Beach Investment Opportunity

    This property presents a unique investment opportunity in Dania Beach, featuring a lot on Griffin Road. The site includes two buildings that offer immediate functionality and cash flow. Zoned C-2 & RS-6000, the property allows for diverse commercial and residential uses. It features 140 feet of frontage, providing excellent visibility and easy access, located one mile from I-95. The location is also minutes from Fort Lauderdale Airport, Port Everglades, Dania Pointe, and Hard Rock Casino. Surrounded by new development, this property is suitable for income generation, redevelopment, or a strategic hold in a growing area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dania Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.181253
    Latitude
    26.0620892

    Nearby Similar for Sale

    • $1,950,000
      4,860 SF

      Dania Beach Income Property

      Rare income property near beaches with development potential.
      302 SW 15Th St, Dania Beach, FL 33004
      View Details
    • $3,300,000

      Dania Beach Industrial Warehouse Opportunity

      Well-located 11,175 SF industrial warehouse in Dania Beach, Florida.
      501 Old Griffin Rd, Dania Beach, FL 33004
      View Details
    • $950,000
      0.12 Acres

      Retail Site Near Luxury Development

      Retail site adjacent to new luxury mixed-use development.
      115 SW 1St Ct, Dania, FL 33004
      View Details
    • $700,000
      Pending

      Dania Beach Church For Sale

      Operational church in Dania Beach with redevelopment potential.
      810 NW 3Rd St, Dania Beach, FL 33004
      View Details
    • $1,050,000
      2,548 SF

      Dania Beach Fourplex Investment Opportunity

      Updated fourplex in Dania Beach with strong rental income.
      235-237 SW 12Th St, Dania Beach, FL 33004
      View Details
    • $90,000

      Turnkey Dental Practice Opportunity

      Fully equipped dental clinic for sale in thriving South Florida.
      801 S Federal Hwy, Dania Beach, FL 33004
      View Details
    • New
      $799,000
      1,848 SF

      Dania Beach Remodeled Income Duplex

      Remodeled duplex in Dania Beach, generating over $70,000 annual income.
      106 NW 12Th Ave, Dania Beach, FL 33004
      View Details
    • $1,900,000
      0.44 Acres

      Dania Beach Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units plus vacant lot.
      602 NW 1St St, Dania Beach, FL 33004
      View Details
    • $479,777
      1,144 SF

      Dania Beach Income-Generating Duplex

      Income-generating duplex in Dania Beach with immediate rental potential.
      728 SW 6Th St, Dania Beach, FL 33004
      View Details
    • $3,000,000

      Dania Beach Warehouse Corner Unit

      17,057 sqft warehouse near Fort Lauderdale Airport with office space.
      Dania Beach, FL 33312
      View Details
    • $949,500
      0.19 Acres

      Renovated Multifamily Building in Dania Beach

      Five-unit renovated building near Dania Beach, potential for Airbnb.
      24 SW 13Th St, Dania Beach, FL 33004
      View Details
    • $949,500
      2,371 SF

      Dania Beach Fourplex, Remodeled Income

      Four-unit income property in Dania Beach, substantially remodeled, potential Airbnb.
      24 SW 13Th St, Dania Beach, FL 33004
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime lot with two buildings, diverse zoning, and high visibility.
    Where is this commercial land located?
    The property is located at 2970 Griffin Rd Dania Beach, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Prime location on Griffin Rd. in Dania Beach with **140' frontage and excellent visibility.**; - Zoned C-2 & RS-6000, allowing for diverse commercial and residential uses.; - **Immediate functionality and cash flow with two existing buildings.**
    (305) 282-9603
    Request Owner's contact information
    2970 Griffin Rd Dania Beach, FL 33312
    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.
    2970 Griffin Rd
    Dania Beach, FL 33312
    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
    2970 Griffin Rd Dania Beach, FL 33312
    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

    We can help!
    Listing Contact
    Lesli Burkhead
    Lesli Burkhead
    Real Estate License ID: 0601293
    (305) 282-9603
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.