Creative Office and Retail
For Sale
$7,500,000
1471 Ne 26th St, Wilton Manors, FL 33334
Creative office and retail building with flexible single or multi-tenant layout and TOC-East zoning.
Property Size19,194 SF
Lot Size0.60 Acres
Price / SF$390.75
Days on Market82
Property Features for 1471 Ne 26th St
General Information
Standard status
Active
Size
19,194 SF
Lot size
0.60 Acres
Zoning
TOC-East
Taxes and HOA fees
Annual Taxes
$93,817
Listing Agency:
Native Realty Co.
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Exprealty
Added: Jun 16
Changed: Aug 20
Last Checked: Sep 4 at 8:39AM
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.
1471 NE 26th Street is a creative office and retail property with improvements totaling 19,194 SF on a 25,944 SF lot. The space is described as having a flexible layout that can accommodate either single-tenant or multi-tenant occupancy. The listing also notes four combined parcels, providing on-site parking and accessibility.
The property is zoned TOC-East and is represented as supporting a variety of uses, including office, retail, showroom, studio, wellness, and professional service uses. It is positioned near Federal Highway, Oakland Park Boulevard, and Downtown Fort Lauderdale, with emphasis on visibility and proximity to established residential and commercial districts.
The property is zoned TOC-East and is represented as supporting a variety of uses, including office, retail, showroom, studio, wellness, and professional service uses. It is positioned near Federal Highway, Oakland Park Boulevard, and Downtown Fort Lauderdale, with emphasis on visibility and proximity to established residential and commercial districts.
Key Highlights
- 19,194 SF creative office/retail building on a 25,944 SF lot
- TOC‑East zoning allows office, retail, showroom, studio, wellness, and professional service uses
- Flexible layout supports 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
$508,737
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
6.78%
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%
$10,174,740
$10.2M
Cap Rate 7%
$7,267,671
$7.3M
Cap Rate 9%
$5,652,633
$5.7M
Market Conditions
NOI Build-Up for 19,194 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
$875.2K $45.60/SF
− Vacancy
−$196.9K −$10.26/SF
EGI
$678.3K $35.34/SF
− OpEx
−$169.6K −$8.84/SF
NOI
$508.7K $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%
$10,174,740
Cap Rate 7%
$7,267,671
Cap Rate 9%
$5,652,633
Alternative Uses
Best Use
Office B
$7.27M
$6.36M – $8.48M
NOI $508,737 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.74M
$8.52M – $11.36M
NOI $681,655 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
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 - Creative office and retail building with flexible single or multi-tenant layout and TOC-East zoning.
Where is this creative space located?
The property is located at 1471 Ne 26th St 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/retail building on a 25,944 SF lot; TOC‑East zoning allows office, retail, showroom, studio, wellness, and professional service uses; Flexible layout supports single‑tenant or multi‑tenant occupancy
