Redevelopment Opportunity Near Dania
For Sale
$12,500,000
140 South Federal Highway, Dania Beach, FL 33004
Mixed-use property suitable for redevelopment with high traffic exposure.
Property Size33,105 SF
Price / SF$377.59
Days on Market396
Property Features for 140 South Federal Highway
General Information
Standard status
Active
Size
33,105 SF
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$40,626
Amenities
Central Building
2.0
Tile
2
Block
Fenced
10
Mixed Use, Warehouse
No
Building Details
Year Built
1968
Listing Agency:
Jalmark Realty Inc At Pembroke Lakes
(954) 683-2000
Listed By:
Rick Grosch · License #0355538
(954) 683-2000
Source:
Compass
Added: Jul 14, 2025
Changed: Aug 8
Last Checked: Jul 16 at 5:15AM
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 Jalmark Realty Inc At Pembroke Lakes
Investment Insights
Based on property information with market context.
This mixed-use property presents a redevelopment opportunity, potentially allowing for construction up to 14 floors under the Live Local Act. The property is situated less than 5 minutes from Dania Pointe, I-95, Fort Lauderdale Airport, and Port Everglades. The second floor is currently vacant, while the first floor is leased with a tenant expected to vacate on or before July 1, 2026. Located at the northwest corner of US-1 and Sterling Road, the property benefits from high traffic volume, with over 50,000 vehicles per day. It features 160 feet of frontage on US-1 and 200 feet of frontage on Sterling Road. The first floor is occupied by a medical clinic. The second-floor office space can be leased to any professional tenant or for any other permitted lawful use while obtaining necessary approvals and permits. The building offers 24-hour access through two entrances, both with stair access, and the main entrance includes elevator access. The property size is 33,105 square feet.
Key Highlights
- Redevelopment opportunity with potential to build up to 14 floors under the Live Local Act.
- Prime location at the NW corner of US‑1 and Sterling Rd with high traffic count (50,000+ vehicles/day).
- Excellent frontage: 160 feet on US‑1 and 200 feet on Sterling Road.
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
$571,061
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
4.57%
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%
$11,421,220
$11.4M
Cap Rate 7%
$8,158,014
$8.2M
Cap Rate 9%
$6,345,122
$6.3M
Market Conditions
NOI Build-Up for 33,105 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
$993.2K $30.00/SF
− Vacancy
−$79.5K −$2.40/SF
EGI
$913.7K $27.60/SF
− OpEx
−$342.6K −$10.35/SF
NOI
$571.1K $17.25/SF
Area
Broward County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$11,421,220
Cap Rate 7%
$8,158,014
Cap Rate 9%
$6,345,122
Alternative Uses
Best Use
Mixed Use
$8.16M
$7.14M – $9.52M
NOI $571,061 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.80M
$14.70M – $19.59M
NOI $1,175,689 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property suitable for redevelopment with high traffic exposure.
Where is this mixed-use property located?
The property is located at 140 South Federal Highway Dania Beach, FL.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Redevelopment opportunity with potential to build up to 14 floors under the Live Local Act.; Prime location at the NW corner of US‑1 and Sterling Rd with high traffic count (50,000+ vehicles/day).; Excellent frontage: 160 feet on US‑1 and 200 feet on Sterling Road.
