1518-1522 NE 4th Ave Fort Lauderdale, FL 33304
Three-unit retail strip center near Wilton Manors for sale.
Property Features for 1518-1522 NE 4th Ave
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing office (954) 661-4170
Listing date Apr 1, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Located in a high‑demand urban corridor near Wilton Manors and Broward County's Arts & Entertainment District.
- Significant development activity in the area, with over $200 million in mixed‑use projects approved, under construction, or in planning within a one‑mile radius.
- Ideal for an owner‑user looking to control occupancy costs, eliminate lease exposure, and build equity.
Local Financial Insights For Retail
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 | $51.1k | $27.60 |
| − Vacancy | −$4.0k | −$2.15 |
| EGI | $47.1k | $25.45 |
| − OpEx | −$14.1k | −$7.63 |
| NOI | $33.0k | $17.81 |