Add Listing
    For Sale
    • 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

    4050 SW 21St St Fort Lauderdale, FL 33317

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Drive-thru convenience store on 0.765-acre lot in Fort Lauderdale.

    Property size:
    1,314 SF
    Lot size:
    0.76 Acres

    Property Features for 4050 SW 21St St

    General Information

    Standard status
    Active
    Size
    1,314 SF
    Lot size
    0.76 Acres

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Samih Sadiq
    Source: Exitrealty

    Listing Agency: KELLY RIGHT REAL ESTATE Listing Agent: Samih Sadiq

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

    Learn more

    Overview

    Drive-Thru Convenience Store Opportunity

    A drive-thru convenience store is available for purchase at 4050 SW 21 St, Fort Lauderdale, FL 33317. The property includes a 940 sq ft building situated on a 0.765-acre lot. The location offers visibility and accessibility along a high-traffic corridor. The drive-thru layout is designed to maximize customer convenience and operational efficiency. This property is suitable for a turnkey retail operation. It is positioned as an income-generating commercial asset with growth potential in the Fort Lauderdale area. The property size is 1314 square feet.
    Location Intelligence

    Current Use by Public Records

    Shiza Enterprises Inc Grocery & Convenience Store Sabor Monti’s Latin ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Drive-Thru Food Mart

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.2018351
    Latitude
    26.0936322

    Nearby Similar for Sale

    • $3,600,000
      7,830 SF

      Sunrise Boulevard Commercial Investment Opportunity

      Commercial property with multiple income streams on Sunrise Boulevard.
      2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $479,000
      2,415 SF

      Fort Lauderdale Office/Medical Space

      Two-story corner unit suitable for medical or professional use.
      7800 W Oakland Park Blvd, Fort Lauderdale, FL 33351
      View Details
    • $710,000
      1,108 SF

      Fort Lauderdale Retail/Office Building

      Freestanding retail/office building on Federal Hwy, Fort Lauderdale.
      1200 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $895,000

      Fort Lauderdale Commercial Opportunity

      Established business in a thriving Fort Lauderdale location.
      916 NW 9Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $2,198,672
      5,309 SF

      Fort Lauderdale Office/Warehouse with Solar

      Freestanding office/warehouse with A/C, solar panels, and fenced yard.
      1210 NE 8Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $759,950
      1,858 SF

      Fort Lauderdale Office Space Available

      Exquisite 1858 Sq Ft office space in Fort Lauderdale.
      2455 E Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • $675,000
      0.11 Acres

      Fort Lauderdale Mixed-Use Property

      Mixed-use property with restaurant and motel-style rooms in Fort Lauderdale.
      1536 NW 6Th St, Fort Lauderdale, FL 33311
      View Details
    • $3,200,000
      2.57 Acres

      Medical Office Condo For Sale

      Ground floor suite in Tamarac near HCA Woodmont Hospital.
      7171 N University Dr, Fort Lauderdale, FL 33321
      View Details
    • $975,000

      Fort Lauderdale Retail Near Beach

      Retail space in east Fort Lauderdale, one block from beach.
      3313 NE 32Nd St, Fort Lauderdale, FL 33308
      View Details
    • $849,950
      2,665 SF

      Turnkey Duplex in Coral Ridge Isles

      Stunning duplex in sought-after Fort Lauderdale neighborhood, near the beach.
      1425 NE 55Th St, Fort Lauderdale, FL 33334
      View Details
    • $1,122,968
      0.09 Acres

      Tamarac Office Condo For Sale

      Office condo ideal for medical or professional use near hospital.
      7777 N University Dr, Fort Lauderdale, FL 33321
      View Details
    • $150,000
      1,600 SF

      Established Restaurant on Federal Hwy

      Turn-key restaurant with high visibility and loyal clientele.
      4350 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Drive-thru convenience store on 0.765-acre lot in Fort Lauderdale.
    Where is this grocery and convenience store located?
    The property is located at 4050 SW 21St St Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Drive-thru convenience store for sale, offering immediate operational efficiency.; - Located on a high-traffic corridor at 4050 SW 21 St, Fort Lauderdale, FL 33317, ensuring excellent visibility and easy access.; - The 0.765-acre lot provides ample space and potential for future expansion.
    (407) 666-7699
    Request Owner's contact information
    4050 SW 21St St Fort Lauderdale, FL 33317
    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.
    4050 SW 21St St
    Fort Lauderdale, FL 33317
    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
    4050 SW 21St St Fort Lauderdale, FL 33317
    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
    Samih Sadiq
    Real Estate License ID: 3577381
    (407) 666-7699 (813) 321-2282 (813) 312-2282
    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!