Two-Story Retail
For Sale
$975,000
3045 Federal Highway, Fort Lauderdale, FL 33306
Open first-floor layout with upper-level offices, service areas, and covered outdoor space.
Property Size1,777 SF
Price / SF$548.68
Days on Market622
Property Features for 3045 Federal Highway
General Information
Standard status
Active
Size
1,777 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
3
Amenities
storage/kitchen area
private gated covered outdoor area
sauna
Central Air
3
B-1
Shared Driveway.
State Road, US Highway.
Building Details
Year Built
1985
Buildings
1
Stories
2
Listing Agency:
American Marketing & Mgmnt.
(954) 304-6900
Listed By:
Patrick McTigue · License #3077092
(954) 304-6900
Source:
Xome
Added: Dec 17, 2024
Changed: Aug 31
Last Checked: Aug 31 at 3:09PM
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 American Marketing & Mgmnt.
Investment Insights
Based on property information with market context.
This 1,777-square-foot storefront property at 3045 N Federal Highway Unit 50 is arranged across two levels. The ground floor features a high ceiling, open layout, storage and kitchen areas, plus a private gated covered exterior area. A floor-to-ceiling glass facade brings natural light into the space and supports street-facing exposure. Central air conditioning serves the building.
The upper level contains three offices or flex rooms, a bathroom, shower, and small sauna. On-site parking is available for customers and staff. The property sits just off Oakland Park Blvd and N. Federal Hwy in Fort Lauderdale, with access to major highways and public transportation. National retailers, restaurants, and residential communities are located nearby. Built in 1985, the property carries a B-1 designation and is associated with a shared driveway and US Highway access.
The upper level contains three offices or flex rooms, a bathroom, shower, and small sauna. On-site parking is available for customers and staff. The property sits just off Oakland Park Blvd and N. Federal Hwy in Fort Lauderdale, with access to major highways and public transportation. National retailers, restaurants, and residential communities are located nearby. Built in 1985, the property carries a B-1 designation and is associated with a shared driveway and US Highway access.
Key Highlights
- 1,777‑square‑foot two‑story retail storefront
- Floor‑to‑ceiling glass facade with abundant natural light
- Three upper‑level offices or flex rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,050
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,021,000
$1.0M
Cap Rate 7%
$729,286
$729.3K
Cap Rate 9%
$567,222
$567.2K
Market Conditions
NOI Build-Up for 1,777 SF
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.
Gross rent
$81.0K $45.60/SF
− Vacancy
−$13.0K −$7.30/SF
EGI
$68.1K $38.30/SF
− OpEx
−$17.0K −$9.58/SF
NOI
$51.0K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,021,000
Cap Rate 7%
$729,286
Cap Rate 9%
$567,222
Alternative Uses
Best Use
Office B
$729.3K
$638.1K – $850.8K
NOI $51,050 @ 7.0% cap · market cap 5.24%
Second Best
Retail
$452.2K
$395.7K – $527.6K
NOI $31,654 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,590 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open first-floor layout with upper-level offices, service areas, and covered outdoor space.
Where is this storefront property located?
The property is located at 3045 Federal Highway Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 1,777‑square‑foot two‑story retail storefront; Floor‑to‑ceiling glass facade with abundant natural light; Three upper‑level offices or flex rooms
