1612 NW 38th Avenue Fort Lauderdale, FL 33311
COMMERCIAL - Fort Lauderdale, FL
- Added:
- Feb 28, 2025
- Days on Market:
- 500
- Last Refresh:
- Jul 13 at 10:06 am
Property Features for 1612 NW 38th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CW
- Parking features
- Guest
- Standard status
- Active
- APN
- 494231240020
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- INDUSTRIAL 100 UNIT 2 85-2B PT OF TR D DESC AS;COMM AT NW COR TR E,W 40 ALG S/R/W/L OF CANAL TO POB,CONT W 32.36,S 203.30,W 204.01 TO PT ON
- Tax Annual Amount
- 55343
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Building materials
- Block, CBS
Listing agent Itshak M Mor-Yossef License #3026619 (954) 682-5599
Listing office G & E Realty Group, Inc 3325 S University Dr #201, Cooper City, FL (754) 223-4216
Listing date Feb 28, 2025
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Lauderhill near UPS, the site is zoned CW. The property is being marketed as a commercial warehouse asset and should be viewed to confirm current unit configuration and vacancy details.
If you’re looking for a warehouse offering with existing occupancy and a single available unit, this property provides a clear place to start your due diligence and scheduling.
Key Highlights
- Large 20,000+ sq ft warehouse space.
- Substantial 51,000 sq ft lot size.
- Prime location in Lauderhill next to UPS.
Local Financial Insights For Warehouse
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 | $408.0k | $20.40 |
| − Vacancy | −$17.1k | −$0.86 |
| EGI | $390.9k | $19.54 |
| − OpEx | −$58.6k | −$2.93 |
| NOI | $332.2k | $16.61 |
Alternative Uses
Property Analytics
Current Use by Public Records
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