Updated Retail
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For Sale
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1227 E LAS OLAS Boulevard, Fort Lauderdale, FL 33301
A recently refreshed storefront is positioned among shops, restaurants, and art galleries on Las Olas Boulevard.
Property Size708 SF
Price / SF$15.54
Days on Market6
Property Features for 1227 E LAS OLAS Boulevard
General Information
Standard status
Active
Size
708 SF
Property subtype
Retail
Site & Location
Neighborhood
Cehk
Building Details
Year Built
1958
Listing Agency:
Distinctive Homes Realty Inc
(954) 527-2600
Listed By:
James Bates · License #585241
(954) 646-8120
Source:
Lehmannflorida
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 1:54PM
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 Distinctive Homes Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 1227 E Las Olas Boulevard was built in 1958 and has been freshly updated. Its retail configuration supports storefront use.
The property is on Las Olas Boulevard in Fort Lauderdale, among shops, restaurants, and art galleries. It is available immediately.
The property is on Las Olas Boulevard in Fort Lauderdale, among shops, restaurants, and art galleries. It is available immediately.
Key Highlights
- Updated retail space on Las Olas Boulevard
- Surrounded by shops, restaurants, and art galleries
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,612
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,240
$252.2K
Cap Rate 7%
$180,171
$180.2K
Cap Rate 9%
$140,133
$140.1K
Market Conditions
NOI Build-Up for 708 SF
Gross rent
$19.5K $27.60/SF
− Vacancy
−$1.5K −$2.15/SF
EGI
$18.0K $25.45/SF
− OpEx
−$5.4K −$7.63/SF
NOI
$12.6K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,240
Cap Rate 7%
$180,171
Cap Rate 9%
$140,133
Alternative Uses
Best Use
Retail
$180.2K
$157.7K – $210.2K
NOI $12,612 @ 7.0% cap · market cap 114.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$475.8K
$416.3K – $555.1K
NOI $33,304 @ 7.0% cap · market cap 302.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,695
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 32%
Shops & Services 26%
Gen Korean BBQ House
Dining
11,763 visits/mo
0.1 miles
lululemon athletica
Apparel
10,624 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,917 visits/mo
0.1 miles
Capital One Café
Dining
6,509 visits/mo
0.4 miles
Sunglass Hut
Shops & Services
3,678 visits/mo
0.3 miles
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Retail space - A recently refreshed storefront is positioned among shops, restaurants, and art galleries on Las Olas Boulevard.
Where is this retail space located?
The property is located at 1227 E LAS OLAS Boulevard Fort Lauderdale, FL.
What are key features of this property?
This property features: Updated retail space on Las Olas Boulevard; Surrounded by shops, restaurants, and art galleries; Built in 1958
