Office-Warehouse Flex
1509 NE 4th Ave Fort Lauderdale, FL 33304
For Sale
$1,200,000
Pending
Two building flex sale with office space and a warehouse featuring a double car garage door.
Property Size1,971 SF
Days on Market2255
Property Features for 1509 NE 4th Ave
General Information
- Standard status
- Pending
- Size
- 1,971 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1959
Listing Agency:
Compass Florida, LLC
(954) 709-9742
Listed By:
Jonathan Keith · License #3049560
(954) 709-9742
Source:
Xome
Added: May 24, 2020
Changed: Jul 25
Last Checked: Jul 25 at 10:12AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This for-sale flex property includes two connected buildings. Building 1509 offers approximately 2,300 square feet of office space and is attached to 1511, which includes approximately 1,497 square feet of office space and approximately 975 square feet of warehouse space. The warehouse area includes a double car garage door, supporting light industrial and office use in the same footprint. The configuration can be divided into two separate buildings.
The property is located in the heart of Fort Lauderdale, just north of the East Sunrise Home Depot. The remarks indicate the area experiences high traffic volume, with 4th Ave functioning as a secondary thoroughfare for the Dixie Hwy transition and the downtown junction.
Front signage options are available for both buildings. The property is zoned CB-Community Business, per the provided information.
The property is located in the heart of Fort Lauderdale, just north of the East Sunrise Home Depot. The remarks indicate the area experiences high traffic volume, with 4th Ave functioning as a secondary thoroughfare for the Dixie Hwy transition and the downtown junction.
Front signage options are available for both buildings. The property is zoned CB-Community Business, per the provided information.
Key Highlights
- Two‑building flex sale in Fort Lauderdale (1511 and 1509), with office space plus a warehouse component
- 1509 includes approx. 2,300 SF of office space attached to 1511
- 1511 offers 1,497 SF office space and 975 SF warehouse space with a double car garage door
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 | $89.9k | $45.60 |
| − Vacancy | −$14.4k | −$7.30 |
| EGI | $75.5k | $38.30 |
| − OpEx | −$18.9k | −$9.58 |
| NOI | $56.6k | $28.73 |
1,971 SF · lease $45.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$808.9K
$707.8K – $943.7K
NOI $56,623 @ 7.0% cap · market cap 4.72%
Second Best
Warehouse
$467.7K
$409.3K – $545.7K
NOI $32,742 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,716 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wheeler Defusco Associates
Financial Advisor
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FAQs
What type of property is this?
Flex space - Two building flex sale with office space and a warehouse featuring a double car garage door.
Where is this flex space located?
The property is located at 1509 NE 4th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑building flex sale in Fort Lauderdale (1511 and 1509), with office space plus a warehouse component; 1509 includes approx. 2,300 SF of office space attached to 1511; 1511 offers 1,497 SF office space and 975 SF warehouse space with a double car garage door
