Freestanding Live-Work with
120 ROSE DR Unit 2 Fort Lauderdale, FL 33316
For Sale
$369,000
Pending
Freestanding property with a new roof, two kitchens, two entrances, and a large swimming pool.
Property Size1,893 SF
Days on Market3911
Property Features for 120 ROSE DR Unit 2
General Information
Standard status
Pending
Size
1,893 SF
Property subtype
General Commercial
Building Details
Year Built
1959
Listing Agency:
MAR NON MLS MEMBER
(954) 328-0711
Listed By:
Robert Piccolo · License #B26021514
(954) 328-0711
Source:
Xome
Added: Nov 12, 2015
Changed: Jul 25
Last Checked: Jul 25 at 12:38PM
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 MAR NON MLS MEMBER
Investment Insights
Based on property information with market context.
This freestanding live-work property includes a new roof and is configured with two kitchens and two entrances. The layout supports a combination of living space with a main office setup for a professional, and the listing notes the ability to retrofit the space into a complete office facility.
The property is offered with approximately 12 parking spaces and also includes a separate garage. The listing further describes a large swimming pool on-site, along with nearby professional-oriented uses including doctor offices and yacht/boating crew facilities.
As presented, the building offers two distinct entry points and kitchen facilities within a freestanding setting, which can be useful for users looking for flexibility between residential and office functions.
The property is offered with approximately 12 parking spaces and also includes a separate garage. The listing further describes a large swimming pool on-site, along with nearby professional-oriented uses including doctor offices and yacht/boating crew facilities.
As presented, the building offers two distinct entry points and kitchen facilities within a freestanding setting, which can be useful for users looking for flexibility between residential and office functions.
Key Highlights
- Freestanding property with a new roof (year built 1959).
- Two kitchens and two entrances, supporting separate living and work setups.
- Large swimming pool on‑site (pool present per description).
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.0k | $26.40 |
| − Vacancy | −$3.5k | −$1.85 |
| EGI | $46.5k | $24.55 |
| − OpEx | −$17.4k | −$9.21 |
| NOI | $29.0k | $15.34 |
1,893 SF · lease $26.40/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$776.9K
$679.8K – $906.4K
NOI $54,382 @ 7.0% cap · market cap 14.74%
Second Best
Mixed Use
$415.0K
$363.1K – $484.1K
NOI $29,048 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,047 @ 7.0% cap · market cap 24.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Freestanding property with a new roof, two kitchens, two entrances, and a large swimming pool.
Where is this live-work space located?
The property is located at 120 ROSE DR Unit 2 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: Freestanding property with a new roof (year built 1959).; Two kitchens and two entrances, supporting separate living and work setups.; Large swimming pool on‑site (pool present per description).
