Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    1621 NE 16Th Ter, Unit 1621 Fort Lauderdale, FL 33305

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,995 /Mo

    Three-bedroom rental with updated features and convenient location.

    Lot size:
    0.15 Acres

    Property Features for 1621 NE 16Th Ter

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Rachamim Yosef
    Source: Elliman

    Listing Agent: Rachamim Yosef

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

    Learn more

    Overview

    Three Bedroom Fort Lauderdale Rental

    This rental property features three bedrooms and two bathrooms, with a den that can serve as a third bedroom. The unit includes stainless steel appliances, an updated kitchen with a granite countertop, and updated bathrooms. Tile flooring is present throughout the unit, and the property has a private, fenced backyard. The location is approximately 10 minutes from the beach and near major highways, restaurants, and shopping destinations, including Wilton Manors and the Galleria Mall. Travel times include approximately 18 minutes to Ft Lauderdale International Airport, 11 minutes to I-95, and 16 minutes to 595.
    Location Intelligence

    Current Use by Public Records

    MONDEL USA LLC Food Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1274242
    Latitude
    26.1487189

    Nearby Similar for Lease

    • $7,500 /Mo
      9,034 SF

      Las Olas Boulevard Executive Suite

      Office space in the heart of Fort Lauderdale, near Brightline.
      21 W Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details
    • $12,500 /Mo
      14,000 SF

      Fort Lauderdale Executive Office with Warehouse

      Executive office and warehouse space available for lease in Fort Lauderdale.
      1120 NW 54Th St, Fort Lauderdale, FL 33309
      View Details
    • $6,500 /Mo
      14,000 SF

      Office and Warehouse Space Available

      Rare office and warehouse space in prime Fort Lauderdale location.
      1100 NW 54Th St, Fort Lauderdale, FL 33309
      View Details
    • $15 SF/Yr

      Spacious Corner Office in Fort Lauderdale

      Renovated office space with private entrance and ample parking.
      5420 NW 33Rd Ave, Fort Lauderdale, FL 33309
      View Details
    • $18 SF/Yr

      Sunrise Mixed-Use Opportunity

      Office, retail, and warehouse space available for lease or purchase.
      2200 N University Dr, Fort Lauderdale, FL 33322
      View Details
    • $2,200,000
      5,902 SF

      Renovated Mixed-Use Waterfront Property

      Turn-key mixed-use property with waterfront views and private dock.
      2200 NE 26Th St, Fort Lauderdale, FL 33305
      View Details
    • $15 SF/Yr

      Renovated Office Space with Warehouse

      Fort Lauderdale office space with warehouse, ready for immediate occupancy.
      5420 NW 33Rd Ave, Fort Lauderdale, FL 33309
      View Details
    • $3,200 /Mo

      Versatile Commercial Space Near Beach

      981 SF commercial space, one block from the beach.
      905 Sunrise Ln, Fort Lauderdale, FL 33304
      View Details
    • $25 SF/Yr

      Downtown Fort Lauderdale Office Space

      16,048 SqFt office space in Downtown Fort Lauderdale.
      200 S Andrews Ave, Fort Lauderdale, FL 33301
      View Details
    • $8,000 /Mo

      Turnkey Restaurant Opportunity in Oakland

      Fully furnished and equipped restaurant ready for immediate operation.
      91 NE 44Th St, Fort Lauderdale, FL 33334
      View Details
    • $45,000

      Fort Lauderdale Mixed-Use Property

      Commercial property for lease on Broward Blvd in Fort Lauderdale.
      925 W Broward Blvd, Fort Lauderdale, FL 33312
      View Details
    • $15 SF/Yr

      Fort Lauderdale Flex Space Available

      Spacious flex space with office and warehouse components for lease.
      5420 NW 33Rd Ave, Fort Lauderdale, FL 33309
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three-bedroom rental with updated features and convenient location.
    Where is this multifamily property located?
    The property is located at 1621 NE 16Th Ter, Unit 1621 Fort Lauderdale, FL.
    What are key features of this property?
    This property features: - Prime location: **10 minutes from the beach.**; - **Three bedrooms, two bathrooms, plus a den.**; - Updated kitchen with granite countertop and updated bathrooms.
    (954) 396-3001
    Request Owner's contact information
    1621 NE 16Th Ter, Unit 1621 Fort Lauderdale, FL 33305
    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.
    1621 NE 16Th Ter, Unit 1621
    Fort Lauderdale, FL 33305
    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
    1621 NE 16Th Ter, Unit 1621 Fort Lauderdale, FL 33305
    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
    Rachamim Yosef
    Real Estate License ID: 3235300
    (954) 396-3001
    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.