Corner Retail Storefront
For Sale
Contact for pricing
3007 W Commercial Blvd, Fort Lauderdale, FL 33309
First-floor corner storefront with Commercial Blvd frontage, configured for a restaurant/café and offered for sale as-is.
Property Size1,000 SF
Price / SF$369
Days on Market215
Property Features for 3007 W Commercial Blvd
General Information
Standard status
Active
Size
1,000 SF
Property subtype
RETAIL
Listing Agency:
Total Real Estate Consultants Inc
(954) 224-8773
Listed By:
Joe Pelayo · License #3005451
(954) 224-8773
Source:
Moodyscre
Added: Jan 26
Changed: Aug 28
Last Checked: Aug 29 at 8:53AM
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 Total Real Estate Consultants Inc
Investment Insights
Based on property information with market context.
First-floor corner storefront space available for sale with frontage along Commercial Blvd. The current layout is set up as a restaurant/café, with the flexibility to be reconfigured for other retail storefront uses.
The property is located in B-1 zoning and is part of a building that also includes a law office and a beauty supply store. Average daily traffic is listed at 55,000 vehicles, and the site provides parking in both the front and rear of the building. Access is described as convenient to Fort Lauderdale Executive Airport, with proximity to I-95 and Florida’s Turnpike.
The unit is sold in as-is condition. Owner is firm on price.
The property is located in B-1 zoning and is part of a building that also includes a law office and a beauty supply store. Average daily traffic is listed at 55,000 vehicles, and the site provides parking in both the front and rear of the building. Access is described as convenient to Fort Lauderdale Executive Airport, with proximity to I-95 and Florida’s Turnpike.
The unit is sold in as-is condition. Owner is firm on price.
Key Highlights
- First‑floor corner storefront with frontage on Commercial Blvd
- Annual average daily traffic count of 55,000 vehicles
- B‑1 zoning for a variety of businesses, including retail storefront 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
$20,131
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
5.46%
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%
$402,620
$402.6K
Cap Rate 7%
$287,586
$287.6K
Cap Rate 9%
$223,678
$223.7K
Market Conditions
NOI Build-Up for 1,000 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
$28.8K $28.80/SF
− Vacancy
−$2.0K −$1.96/SF
EGI
$26.8K $26.84/SF
− OpEx
−$6.7K −$6.71/SF
NOI
$20.1K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /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%
$402,620
Cap Rate 7%
$287,586
Cap Rate 9%
$223,678
Alternative Uses
Best Use
Specialty Retail
$287.6K
$251.6K – $335.5K
NOI $20,131 @ 7.0% cap · market cap 5.46%
Second Best
Retail
$254.5K
$222.7K – $296.9K
NOI $17,813 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 37%
Groceries 21%
Hotels & Casinos 2%
Winn-Dixie
Groceries
17,448 visits/mo
0.3 miles
Wendy's
Dining
14,912 visits/mo
0.5 miles
Pollo Tropical
Dining
13,113 visits/mo
0.2 miles
Mobil
Shops & Services
8,740 visits/mo
0.2 miles
Chevron
Shops & Services
8,018 visits/mo
0.2 miles
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - First-floor corner storefront with Commercial Blvd frontage, configured for a restaurant/café and offered for sale as-is.
Where is this storefront property located?
The property is located at 3007 W Commercial Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: First‑floor corner storefront with frontage on Commercial Blvd; Annual average daily traffic count of 55,000 vehicles; B‑1 zoning for a variety of businesses, including retail storefront use
