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    Freestanding Office Building with Storage Title is generated by Realmo AI

    721 NE 3rd Ave A, Fort Lauderdale, FL 33304

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    Updated Class A office built by D.F. Zimmer with substantial crawl storage and multiple workspace options.

    Type:Commercial
    Property size:
    2,143 SF
    Price / SF:
    $0.03/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 4:42 am

    Property Features for 721 NE 3rd Ave A

    General Information

    Standard status
    Active
    Size
    2,143 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Ricardo Rios

    Listing agent Ricardo Rios License #3394079

    Listing office LoKation Real Estate

    Listing date Jun 4, 2026

    Source Elliman

    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 LoKation Real Estate

    HighLights

    • 2,143 SF freestanding Class A office building (built 1987) designed by D.F. Zimmer in Flagler Village
    • Zoned CG – Commercial General; modified gross lease (not NNN) with no CAM
    • Rent includes water, sewer, trash, lawn care, and exterior building maintenance; FP&L paid by tenant
    • Spacious office layout with reception, full kitchenette, conference room, and multiple workspace areas
    • Includes 2 executive corner offices, 2 glass offices, and 1 restroom plus hurricane accordion shutters
    • Massive crawl/storage space below and 5 parking spaces; current tenant expected through July 1 or July 15, 2026

    Overview

    This fully updated freestanding Class “A” office property, designed by D.F. Zimmer, offers a thoughtful mix of private offices and open work areas. At approximately 2,143 SF, the building includes a massive crawl/storage space below, a reception area, a full kitchenette, a conference room, two executive corner offices, two glass offices, two large open workspace areas, and one restroom. Hurricane accordion shutters and five parking spaces add practical day-to-day utility.

    Located in the heart of Flagler Village, the property is zoned CG–Commercial General. It sits near Downtown Fort Lauderdale, Las Olas, Brightline, and I-95, supporting convenient access for clients and staff. The listing is structured as a modified gross lease, not a triple net (NNN), with no CAM; rent includes water, sewer, trash, lawn care, and exterior building maintenance, while FP&L is paid by the tenant.

    The layout and supporting amenities make the space well suited for legal, medical, or professional office use. For buyers and brokers evaluating timing and occupancy, the current tenant is expected to occupy the property through either July 1 or July 15, 2026, with the final move-out date to be confirmed.
    Location Intelligence

    Current Use by Public Records

    Livoti Jr Anthony ... Law Firm Templer & Hirsch, Defense ... Law Firm 4 Arrows Art Tattoo & Piercing Shop Crossed Keys Collective Tattoo & Piercing Shop Pro Market Vision Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Law Firm Gym & Fitness 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
    -80.1411906
    Latitude
    26.1323652

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    FAQs

    What type of property is this?
    Office building - Updated Class A office built by D.F. Zimmer with substantial crawl storage and multiple workspace options.
    Where is this office building located?
    The property is located at 721 NE 3rd Ave A Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 2,143 SF freestanding Class A office building (built 1987) designed by D.F. Zimmer in Flagler Village; Zoned CG – Commercial General; modified gross lease (not NNN) with no CAM; Rent includes water, sewer, trash, lawn care, and exterior building maintenance; FP&L paid by tenant
    (305) 301-6471
    We can help!
    Listing Contact
    Ricardo Rios
    Real Estate License ID: 3394079
    Learn More
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    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
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