Operating Ice Cream Retail
New
For Sale
$315,000
8759 NW 50TH St 8, Lauderhill, FL 33351
An occupied unit supports an ice cream business with a kitchen, storage, and renovated restrooms.
Property Size707 SF
Price / SF$286.36
Days on Market3
Property Features for 8759 NW 50TH St 8
General Information
Standard status
Active
Size
707 SF
Property subtype
Commercial
Additional Details
Gross Income
$30,000
Taxes and HOA fees
Annual Taxes
$4,811
Building Details
Building Size
707 SF
Year Built
2003
Stories
1
Tenancy
Single
Listing Agency:
Promiseland Properties LLC
Listed By:
Omar H Williams
(954) 464-0049
Source:
Elliman
Added: Oct 4
Last Checked: Oct 5 at 7:07PM
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 Promiseland Properties LLC
Investment Insights
Based on property information with market context.
This 1,100-square-foot retail unit in Casa Linda Strip Plaza is occupied by an operating ice cream shop. Its layout includes two built-in rooms, a kitchen area, storage, and renovated bathrooms. Tenant-installed equipment is in place, and the building dates to 2003.
The property has a Walk Score of 50, a Bike Score of 47, and a Transit Score of 36.
The property has a Walk Score of 50, a Bike Score of 47, and a Transit Score of 36.
Key Highlights
- 1,100‑square‑foot retail unit
- Occupied by an operating ice cream shop
- Two built‑in rooms, kitchen area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,600
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,000
$372.0K
Cap Rate 7%
$265,714
$265.7K
Cap Rate 9%
$206,667
$206.7K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$29.0K $26.40/SF
− Vacancy
−$2.5K −$2.24/SF
EGI
$26.6K $24.16/SF
− OpEx
−$8.0K −$7.25/SF
NOI
$18.6K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,000
Cap Rate 7%
$265,714
Cap Rate 9%
$206,667
Alternative Uses
Best Use
Retail
$265.7K
$232.5K – $310.0K
NOI $18,600 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$558.1K
$488.3K – $651.1K
NOI $39,065 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 34%
Electronics 10%
Beauty & Spa 2%
Wendy's
Dining
13,194 visits/mo
0.5 miles
Marathon
Shops & Services
6,042 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,786 visits/mo
0.5 miles
Mobil
Shops & Services
3,482 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
3,366 visits/mo
0.5 miles
Demographics for 33351, FL
36,913
Population
13,843
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
6,711
Density / Sq Mi
$68,996
Median Household Income
$40,013
Median Earnings
$1,881
Median Rent
$352,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - An occupied unit supports an ice cream business with a kitchen, storage, and renovated restrooms.
Where is this retail space located?
The property is located at 8759 NW 50TH St 8 Lauderhill, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,100‑square‑foot retail unit; Occupied by an operating ice cream shop; Two built‑in rooms, kitchen area, and storage
