Second-Floor Office
New
For Sale
Contact for pricing
1451 N Federal Hwy, Fort Lauderdale, FL 33304
The commercial unit offers elevator and stair access, surface parking, and shared common areas.
Property Size2,048 SF
Price / SF$1.22
Days on Market3
Property Features for 1451 N Federal Hwy
General Information
Standard status
Active
Size
2,048 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Amenities
clean common areas
Square Feet: 155904, Features: Anchored Center, Shopping Center
Parcel Number: 494236180010, Tax Annual Amount: $291,638, Tax Legal Description: MELVA PLAT 113-34 B TRACT A
Business Type: Office Space, Shopping Center, Lease Considered, Lease Term: 1 To 3 Year Lease, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 272, Features: Common, Free Parking, Guest
Construction Materials: Concrete Block Construction, Year Built: 1984, Building Area Total: 33392, Structure Type: Commercial
County Or Parish: Broward County
Leasable Area Units: Square Feet, Leasable Area: 2048
Road Frontage Type: State Road
Building Details
Year Built
1984
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
Jaime Esquenazi · License #3212780
(305) 796-6743
Source:
Riserealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:19PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This 2,048-square-foot office or retail unit occupies the second floor of Plaza del Mar, a commercial center built in 1984. Access to the floor is available by elevator or stairs, and the center has surface parking and common areas. The layout can be configured for business use.
The property is at 1451 N Federal Hwy in Fort Lauderdale, along US-1 between Sunrise Boulevard and Oakland Park Boulevard. The corridor records 40,000+ vehicles per day. Nearby destinations named for the area include The Galleria Mall, Trader Joe’s, downtown Fort Lauderdale and Las Olas, as well as beaches and I-95 and I-595.
The property is at 1451 N Federal Hwy in Fort Lauderdale, along US-1 between Sunrise Boulevard and Oakland Park Boulevard. The corridor records 40,000+ vehicles per day. Nearby destinations named for the area include The Galleria Mall, Trader Joe’s, downtown Fort Lauderdale and Las Olas, as well as beaches and I-95 and I-595.
Key Highlights
- 2,048‑square‑foot second‑floor unit configured for office or retail use
- Located at Plaza del Mar, 1451 N Federal Hwy, Fort Lauderdale
- US‑1 corridor location between Sunrise Boulevard and Oakland Park Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,481
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,620
$729.6K
Cap Rate 7%
$521,157
$521.2K
Cap Rate 9%
$405,344
$405.3K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$56.5K $27.60/SF
− Vacancy
−$4.4K −$2.15/SF
EGI
$52.1K $25.45/SF
− OpEx
−$15.6K −$7.63/SF
NOI
$36.5K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,620
Cap Rate 7%
$521,157
Cap Rate 9%
$405,344
Alternative Uses
Best Use
Office B
$840.5K
$735.4K – $980.6K
NOI $58,835 @ 7.0% cap · market cap 2,353.40%
Second Best
Retail
$521.2K
$456.0K – $608.0K
NOI $36,481 @ 7.0% cap · market cap 1,459.24%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,338 @ 7.0% cap · market cap 3,853.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office units - The commercial unit offers elevator and stair access, surface parking, and shared common areas.
Where is this office units located?
The property is located at 1451 N Federal Hwy Fort Lauderdale, FL.
What are key features of this property?
This property features: 2,048‑square‑foot second‑floor unit configured for office or retail use; Located at Plaza del Mar, 1451 N Federal Hwy, Fort Lauderdale; US‑1 corridor location between Sunrise Boulevard and Oakland Park Boulevard
