Creative Office and Retail
For Sale
$7,500,000
1471 Northeast 26th Street Fort, Fort Lauderdale, FL 33305
Premier Fort Lauderdale property in active corridor, ideal for investors.
Property Size19,194 SF
Lot Size0.59 Acres
Price / SF$390.75
Days on Market174
Property Features for 1471 Northeast 26th Street Fort
General Information
Standard status
Active
Size
19,194 SF
Lot size
0.59 Acres
Property subtype
Retail
Building Details
Building Size
19,194 SF
Listing Agency:
Native Realty Co.
(954) 595-2999
Listed By:
Jaime Sturgis · License #3246270
Source:
Nativerealty
Added: Mar 6
Changed: Aug 15
Last Checked: Aug 26 at 6:55AM
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.
Located in Fort Lauderdale, this creative office and retail property at 1471 NE 26th Street offers 19,194 square feet of space on a 25,944-square-foot lot. The well-maintained asset is positioned in a corner unit in Wilton Manors, offering a blend of visibility, accessibility, and neighborhood charm. The property is suitable for owner-users or investors seeking a versatile commercial space. Wilton Manors is known for its local culture, walkable streets, and a mix of independent businesses and residential areas. The property includes on-site parking and connectivity to major thoroughfares and transit routes. The property is a four-parcel assemblage including three dedicated parking lots with frontage on NE 26th Street. It is located minutes from Federal Highway, Oakland Park Boulevard, and Downtown Fort Lauderdale.
Key Highlights
- Prime location in the heart of Fort Lauderdale, specifically in the vibrant and growing Wilton Manors area.
- Versatile commercial property suitable for both owner‑users and investors.
- Ample on‑site parking with convenient access and circulation.
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
$551,405
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
7.35%
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%
$11,028,100
$11.0M
Cap Rate 7%
$7,877,214
$7.9M
Cap Rate 9%
$6,126,722
$6.1M
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
−$140.0K −$7.30/SF
EGI
$735.2K $38.30/SF
− OpEx
−$183.8K −$9.58/SF
NOI
$551.4K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
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%
$11,028,100
Cap Rate 7%
$7,877,214
Cap Rate 9%
$6,126,722
Alternative Uses
Best Use
Office B
$7.88M
$6.89M – $9.19M
NOI $551,405 @ 7.0% cap · market cap 7.35%
Second Best
Retail
$4.88M
$4.27M – $5.70M
NOI $341,903 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$12.90M
$11.29M – $15.05M
NOI $902,886 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,709
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 Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Premier Fort Lauderdale property in active corridor, ideal for investors.
Where is this creative space located?
The property is located at 1471 Northeast 26th Street Fort Fort Lauderdale, 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: Prime location in the heart of Fort Lauderdale, specifically in the vibrant and growing Wilton Manors area.; Versatile commercial property suitable for both owner‑users and investors.; Ample on‑site parking with convenient access and circulation.
