Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 NW 7Th Ave Fort Lauderdale, FL 33311

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr

    Six-story mixed-use development with prime commercial space in Fort Lauderdale.

    Lot size:
    3.71 Acres

    Property Features for 501 NW 7Th Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    3.71 Acres

    We can help!

    Listing Contact
    Jaime Sturgis
    Jaime Sturgis
    Source: Elliman

    Listing Agency: Native Realty Co. Listing Agent: Jaime Sturgis

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

    Learn more

    Overview

    New Mixed-Use Development on Avenue

    The Adderley is a new, six-story mixed-use development situated on the Avenue of the Arts in downtown Fort Lauderdale. This development spans over 605,000 square feet and features ground-floor commercial space suitable for retail, dining, or creative offices. The location offers high visibility with tall glass frontage at a busy intersection. The Adderley includes a 498-space parking garage and 455 on-site rental units, providing businesses with built-in foot traffic and convenient access. The available suites include: Retail 1 with 2,200 square feet, Retail 2 with 2,950 square feet, Retail 3 with 2,315 square feet, and Retail 4 with 1,400 square feet. Located near Sistrunk, Flagler Village, and major transportation hubs, The Adderley offers visibility and opportunity in South Florida’s urban centers.
    Location Intelligence

    Current Use by Public Records

    Ann Murray Greenway Park

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1503389
    Latitude
    26.1150265

    Nearby Similar for Lease

    • New
      $2,500 /Mo

      Downtown Fort Lauderdale Office Space

      Full-service office space near courthouse in downtown Fort Lauderdale.
      800 SE 3Rd Ave, Fort Lauderdale, FL 33316
      View Details
    • New
      $1,500 /Mo

      Downtown Fort Lauderdale Office Space

      Full-service office space near courthouse in downtown Fort Lauderdale.
      800 SE 3Rd Ave, Fort Lauderdale, FL 33316
      View Details
    • New
      $2,500 /Mo

      Downtown Fort Lauderdale Office Space

      Full-service office near courthouse, ideal for legal or professional services.
      800 SE 3Rd Ave, Fort Lauderdale, FL 33316
      View Details
    • New
      $1,500 /Mo

      Downtown Fort Lauderdale Office Space

      Full-service office space near courthouse in downtown Fort Lauderdale.
      800 SE 3Rd Ave, Fort Lauderdale, FL 33316
      View Details
    • $25 SF/Yr

      Fort Lauderdale Medical/Office Space

      Adaptable, high-visibility space in central Fort Lauderdale location.
      2466 E Commercial Blvd, Fort Lauderdale, FL 33308
      View Details
    • $2,500 /Mo

      Renovated Commercial Unit in Hollywood

      Turnkey space ideal for various professional uses in Hollywood.
      5980 SW 40Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $36 SF/Yr

      Prime Fort Lauderdale Commercial Space

      Versatile ground-floor unit suitable for retail, office, or showroom.
      2990 Griffin Rd, Fort Lauderdale, FL 33312
      View Details
    • $16 SF/Yr

      Renovated Fort Lauderdale Medical Office

      Completely renovated medical/professional office space in Fort Lauderdale.
      2933 NW 62Nd 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
    • $12,800 /Mo
      115,883 SF

      Sunrise Flex Space with Courtyard

      Office/warehouse with dock-high door, roll-up door, and courtyard.
      10400 NW 55Th St, Fort Lauderdale, FL 33351
      View Details
    • $6,400 /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

      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?
    Mixed-use property - Six-story mixed-use development with prime commercial space in Fort Lauderdale.
    Where is this mixed-use property located?
    The property is located at 501 NW 7Th Ave Fort Lauderdale, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime ground-floor commercial space on the Avenue of the Arts.; - High visibility at a busy intersection.; - Benefit from built-in foot traffic from 455 on-site rental units.
    (954) 595-2999
    Request Owner's contact information
    501 NW 7Th Ave Fort Lauderdale, FL 33311
    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.
    501 NW 7Th Ave
    Fort Lauderdale, FL 33311
    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
    501 NW 7Th Ave Fort Lauderdale, FL 33311
    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
    Jaime Sturgis
    Jaime Sturgis
    Real Estate License ID: 3246270
    (954) 595-2999
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!