Commercial Land with Existing
1409 S Federal Hwy Dania Beach, FL 33004
1409 S Federal Hwy, Dania Beach, FL, 33004
$2,400,000
For Sale
$2,400,000
19,974 SF land with 2,664 SF triplex for sale.
Property Size2,664 SF
Lot Size0.23 Acres
Price / SF$900.90
Days on Market172
Property Features for 1409 S Federal Hwy
General Information
- Standard status
- Active
- Size
- 2,664 SF
- Lot size
- 0.23 Acres
- Property subtype
- Land
Listing Agency
RE/MAX 5 Star Realty
(954) 453-1000
Listed by
John DeMarco · License #BK3134747
(954) 453-1000
Source
Exprealty
Added: Jan 26 Checked: Jul 16 at 12:11 am
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
The property includes three parcels of land totaling 19,974 square feet. Included in the sale is an existing 2,664 square foot triplex, currently leased to three tenants on month-to-month agreements. The location is suitable for a variety of commercial uses, including retail, hospitality, office, multifamily, medical, and other business types.
Key Highlights
- 19,974 square feet of land across three parcels.
- Existing 2,664 SF triplex included in the sale.
- Versatile location suitable for retail, hospitality, office, multifamily, medical, and other commercial uses.
Local 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 | $121.5k | $45.60 |
| − Vacancy | −$27.3k | −$10.26 |
| EGI | $94.1k | $35.34 |
| − OpEx | −$23.5k | −$8.84 |
| NOI | $70.6k | $26.51 |
2,664 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.01M
$882.6K – $1.18M
NOI $70,609 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$643.5K
$563.1K – $750.8K
NOI $45,046 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,609 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 19,974 SF land with 2,664 SF triplex for sale.
Where is this commercial land located?
The property is located at 1409 S Federal Hwy Dania Beach, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 19,974 square feet of land across three parcels.; Existing 2,664 SF triplex included in the sale.; Versatile location suitable for retail, hospitality, office, multifamily, medical, and other commercial uses.
