Modern Office
For Sale
Contact for pricing
121 SW 1st Ct, Dania Beach, FL 33004
Zoned RAC CC for versatile office or retail use with ample customer parking.
Property Size2,021 SF
Price / SF$643.25
Days on Market59
Property Features for 121 SW 1st Ct
General Information
Standard status
Active
Size
2,021 SF
Property subtype
OFFICE
Zoning
RAC CC
Building Details
Year Built
2006
Buildings
1
Listing Agency:
RE/MAX of Stuart
(772) 288-1111
Listed By:
Rosi Shepard · License #3320083
(772) 323-7037
Source:
Moodyscre
Added: Jul 21
Changed: Sep 8
Last Checked: Sep 16 at 7:15PM
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 RE/MAX of Stuart
Investment Insights
Based on property information with market context.
Modern office building totaling 2,021 square feet, constructed in 2006. The property is zoned RAC CC for versatile use and is described as well-maintained and move-in ready.
Located at 121 SW 1st Ct in Dania Beach, Florida, the building is presented for retail or business use with high visibility for retail presence. On-site customer parking is included, supporting day-to-day customer access.
For tenants and buyers looking for a smaller, purpose-built commercial facility with current zoning flexibility and straightforward occupancy, this layout and condition are positioned to support either office or retail operations.
Located at 121 SW 1st Ct in Dania Beach, Florida, the building is presented for retail or business use with high visibility for retail presence. On-site customer parking is included, supporting day-to-day customer access.
For tenants and buyers looking for a smaller, purpose-built commercial facility with current zoning flexibility and straightforward occupancy, this layout and condition are positioned to support either office or retail operations.
Key Highlights
- 2,021 square foot modern office building
- Constructed in 2006
- Zoned RAC CC for versatile office or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,567
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,071,340
$1.1M
Cap Rate 7%
$765,243
$765.2K
Cap Rate 9%
$595,189
$595.2K
Market Conditions
NOI Build-Up for 2,021 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.2K $45.60/SF
− Vacancy
−$20.7K −$10.26/SF
EGI
$71.4K $35.34/SF
− OpEx
−$17.9K −$8.84/SF
NOI
$53.6K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,071,340
Cap Rate 7%
$765,243
Cap Rate 9%
$595,189
Alternative Uses
Best Use
Office B
$765.2K
$669.6K – $892.8K
NOI $53,567 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M
NOI $71,774 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Zoned RAC CC for versatile office or retail use with ample customer parking.
Where is this office building located?
The property is located at 121 SW 1st Ct Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,021 square foot modern office building; Constructed in 2006; Zoned RAC CC for versatile office or retail use
