Warehouse Condominium with Roll-Up
For Sale
$1,200,000
5300 NW 12th #5-11, Fort Lauderdale, FL 33309
Warehouse condominium offering auto use, office space, loading access, and parking in Fort Lauderdale.
Property Size4,860 SF
Price / SF$246.91
Days on Market681
Property Features for 5300 NW 12th #5-11
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Clear Height
20 ft
Taxes and HOA fees
Annual Taxes
$13,454
Amenities
Central air
Built-Up Roof
Central Air Cooling
Central Heating
Concrete Flooring
Building Details
Year Built
1985
Listing Agency:
COMWIRE REALTY INC
(772) 777-8777
Listed By:
RICHARD A SARTA · License #R11029866
Source:
Corcoran
Added: Oct 20, 2024
Changed: Aug 30
Last Checked: Aug 30 at 4:00PM
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 COMWIRE REALTY INC
Investment Insights
Based on property information with market context.
This warehouse condominium comprises combined units totaling 4,860 SF, with 20-foot ceilings and office space representing 10% of the interior. The property includes five 10-foot by 10-foot roll-up doors, two bathrooms, and parking at both the front and rear. Auto use is allowed, and the layout supports warehousing, light manufacturing, and service operations.
Located at 5300 NW 12th in Fort Lauderdale, the property provides access to I-95 and Florida's Turnpike. It is near DRV PNK Stadium and Fort Lauderdale Executive Airport. The building was constructed in 1985.
Located at 5300 NW 12th in Fort Lauderdale, the property provides access to I-95 and Florida's Turnpike. It is near DRV PNK Stadium and Fort Lauderdale Executive Airport. The building was constructed in 1985.
Key Highlights
- 4,860 SF combined warehouse condominium units
- 20‑foot ceilings with 10% office space
- Five 10‑foot by 10‑foot roll‑up doors
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
$80,733
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
6.73%
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%
$1,614,660
$1.6M
Cap Rate 7%
$1,153,329
$1.2M
Cap Rate 9%
$897,033
$897.0K
Market Conditions
NOI Build-Up for 4,860 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
$99.1K $20.40/SF
− Vacancy
−$4.2K −$0.86/SF
EGI
$95.0K $19.54/SF
− OpEx
−$14.2K −$2.93/SF
NOI
$80.7K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,614,660
Cap Rate 7%
$1,153,329
Cap Rate 9%
$897,033
Alternative Uses
Best Use
Warehouse
$1.15M
$1.01M – $1.35M
NOI $80,733 @ 7.0% cap · market cap 6.73%
Second Best
Flex RnD
$1.07M
$937.4K – $1.25M
NOI $74,990 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,614 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse condominium offering auto use, office space, loading access, and parking in Fort Lauderdale.
Where is this warehouse located?
The property is located at 5300 NW 12th #5-11 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,860 SF combined warehouse condominium units; 20‑foot ceilings with 10% office space; Five 10‑foot by 10‑foot roll‑up doors
