Creative Office and Retail
For Sale
$7,500,000
1471 26th Street, Wilton Manors, FL 33305
Flexible creative office and retail property zoned TOC-East, offered with four combined parcels and on-site parking.
Property Size22,357 SF
Lot Size0.60 Acres
Price / SF$335.47
Days on Market110
Property Features for 1471 26th Street
General Information
Standard status
Active
Size
22,357 SF
Lot size
0.60 Acres
Property subtype
Retail
Zoning
TOC-East
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$93,818
Amenities
A/C - Other
3
TOC EAST
70 Parking Spaces.
Other.
Building Details
Year Built
1962
Listing Agency:
Native Realty Co.
(954) 595-2999
Listed By:
Jaime Sturgis · License #B26061923
(954) 595-2999
Source:
Xome
Added: Apr 25
Changed: Aug 11
Last Checked: Aug 12 at 4:15AM
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 Native Realty Co.
Investment Insights
Based on property information with market context.
This creative office and retail property at 1471 NE 26th Street offers 19,194 SF of improvements on a 25,944 SF lot. Designed with a flexible layout, the space can accommodate single or multi-tenant occupancy. The property is zoned TOC-East and is described as supporting office, retail, showroom, studio, wellness, and professional service uses.
The offering includes four combined parcels, providing on-site parking and accessibility. The location is positioned near Federal Highway, Oakland Park Boulevard, and Downtown Fort Lauderdale, with proximity to established residential and commercial districts.
For owner-users or investors seeking a creative-forward configuration with diversified use potential under TOC-East zoning, this site provides a practical platform to evaluate current and future occupancy plans.
The offering includes four combined parcels, providing on-site parking and accessibility. The location is positioned near Federal Highway, Oakland Park Boulevard, and Downtown Fort Lauderdale, with proximity to established residential and commercial districts.
For owner-users or investors seeking a creative-forward configuration with diversified use potential under TOC-East zoning, this site provides a practical platform to evaluate current and future occupancy plans.
Key Highlights
- 19,194 SF creative office and retail improvements on a 25,944 SF lot (1471 NE 26th Street, Fort Lauderdale)
- Zoned TOC‑East and supports office, retail, showroom, studio, wellness, and professional service uses
- Flexible layout for single‑tenant or multi‑tenant occupancy
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
$592,572
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
7.90%
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%
$11,851,440
$11.9M
Cap Rate 7%
$8,465,314
$8.5M
Cap Rate 9%
$6,584,133
$6.6M
Market Conditions
NOI Build-Up for 22,357 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
$1.02M $45.60/SF
− Vacancy
−$229.4K −$10.26/SF
EGI
$790.1K $35.34/SF
− OpEx
−$197.5K −$8.84/SF
NOI
$592.6K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$11,851,440
Cap Rate 7%
$8,465,314
Cap Rate 9%
$6,584,133
Alternative Uses
Best Use
Office B
$8.47M
$7.41M – $9.88M
NOI $592,572 @ 7.0% cap · market cap 7.90%
Second Best
Retail
$5.40M
$4.73M – $6.30M
NOI $378,039 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$11.34M
$9.92M – $13.23M
NOI $793,985 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Creative space - Flexible creative office and retail property zoned TOC-East, offered with four combined parcels and on-site parking.
Where is this creative space located?
The property is located at 1471 26th Street Wilton Manors, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 19,194 SF creative office and retail improvements on a 25,944 SF lot (1471 NE 26th Street, Fort Lauderdale); Zoned TOC‑East and supports office, retail, showroom, studio, wellness, and professional service uses; Flexible layout for single‑tenant or multi‑tenant occupancy
