Office Building with Covered
1301 S Andrews Ave Fort Lauderdale, FL 33315
For Sale
Contact for pricing
Office building with executive offices, conference rooms, reception, support areas, and approximately 24 parking spaces including 11 covered.
Property Size3,550 SF
Price / SF$661.97
Days on Market79
Property Features for 1301 S Andrews Ave
General Information
Standard status
Active
Size
3,550 SF
Property subtype
OFFICE
Listing Agency:
Native Realty
(954) 595-2999
Listed By:
Jaime Sturgis · License #3246270
Source:
Moodyscre
Added: May 13
Changed: Jul 25
Last Checked: Jul 29 at 3:23PM
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 Native Realty
Investment Insights
Based on property information with market context.
This office building features a functional interior layout with executive offices, conference rooms, reception, and support areas. Finishes include an original stone entry, hardwood floors, and solid wood doors, complemented by a full-building generator.
The property offers prominent frontage and visibility along South Andrews Avenue, with ample parking for approximately 24 vehicles, including 11 covered spaces. A new roof was installed within the last two years.
Historic age has resulted in reduced property taxes. The offering is for sale.
The property offers prominent frontage and visibility along South Andrews Avenue, with ample parking for approximately 24 vehicles, including 11 covered spaces. A new roof was installed within the last two years.
Historic age has resulted in reduced property taxes. The offering is for sale.
Key Highlights
- Prominent frontage and visibility along South Andrews Avenue
- Quality interior finishes including original stone entry, hardwood floors, and solid wood doors
- Office layout with executive offices, conference rooms, reception, and support areas
Financial Insights For Office B
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 | $161.9k | $45.60 |
| − Vacancy | −$25.9k | −$7.30 |
| EGI | $136.0k | $38.30 |
| − OpEx | −$34.0k | −$9.58 |
| NOI | $102.0k | $28.73 |
3,550 SF · lease $45.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.46M
$1.27M – $1.70M
NOI $101,984 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $166,992 @ 7.0% cap · market cap 7.11%
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?
Office building - Office building with executive offices, conference rooms, reception, support areas, and approximately 24 parking spaces including 11 covered.
Where is this office building located?
The property is located at 1301 S Andrews Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prominent frontage and visibility along South Andrews Avenue; Quality interior finishes including original stone entry, hardwood floors, and solid wood doors; Office layout with executive offices, conference rooms, reception, and support areas
