Renovated Four-Story Office
1650 SE 17th Street, Fort Lauderdale, FL 33316
For Sale
Contact for pricing
The property combines 16 active tenants, an attached parking garage, and four vacant suites.
Property Size61,364 SF
Price / SF$317.78
Days on Market106
Property Features for 1650 SE 17th Street
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Building Size
Listing Agency:
CBRE - Fort Lauderdale
Listed By:
Benjamin Silver · License FL SL3197924
Source:
Crexi
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 10 at 7:53AM
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 CBRE - Fort Lauderdale
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Investment Insights
Based on property information with market context.
This renovated office property contains approximately 61,364 square feet across four stories, with an attached parking garage. The building currently supports 16 active tenants spanning professional services, health care, and business services, while four vacant suites add 9,381 square feet of available space. Lease arrangements are predominantly gross, with select NNN agreements and annual escalations reflected in the existing contracts.
The property is located at 1650 S.E. 17th Street in Fort Lauderdale’s 17th Street Causeway marine district. It sits near the 800-room Omni Fort Lauderdale Hotel, the Broward County Convention Center, Port Everglades, restaurants, hotels, and waterfront amenities. Fort Lauderdale-Hollywood International Airport is 14 minutes away, and I-95 is minutes from the building. The property was built in 1990.
The property is located at 1650 S.E. 17th Street in Fort Lauderdale’s 17th Street Causeway marine district. It sits near the 800-room Omni Fort Lauderdale Hotel, the Broward County Convention Center, Port Everglades, restaurants, hotels, and waterfront amenities. Fort Lauderdale-Hollywood International Airport is 14 minutes away, and I-95 is minutes from the building. The property was built in 1990.
Key Highlights
- Approximately 61,364‑square‑foot office building spanning four stories
- Attached parking garage
- 16 active tenants across professional services, health care, and business services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,762,865
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,257,300
$35.3M
Cap Rate 7%
$25,183,786
$25.2M
Cap Rate 9%
$19,587,389
$19.6M
Market Conditions
NOI Build-Up for 61,364 SF
Gross rent
$2.80M $45.60/SF
− Vacancy
−$447.7K −$7.30/SF
EGI
$2.35M $38.30/SF
− OpEx
−$587.6K −$9.58/SF
NOI
$1.76M $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 Rate 5%
$35,257,300
Cap Rate 7%
$25,183,786
Cap Rate 9%
$19,587,389
Alternative Uses
Best Use
Office B
$25.18M
$22.04M – $29.38M
NOI $1,762,865 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$41.24M
$36.08M – $48.11M
NOI $2,886,563 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Fort Lauderdale, FL
Properties on Market for Office buildings in Fort Lauderdale
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office building - The property combines 16 active tenants, an attached parking garage, and four vacant suites.
Where is this office building located?
The property is located at 1650 SE 17th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $19,500,000.
What are key features of this property?
This property features: Approximately 61,364‑square‑foot office building spanning four stories; Attached parking garage; 16 active tenants across professional services, health care, and business services
