Front and Rear Parking Retail
For Sale
$1,100,000
1744 Commercial Blvd, Fort Lauderdale, FL 33334
Two retail units totaling 3,632 sq ft, with front and rear parking and convenient access near major highways.
Property Size3,632 SF
Price / SF$302.86
Days on Market168
Property Features for 1744 Commercial Blvd
General Information
Standard status
Active
Size
3,632 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,213
Amenities
3
Building Details
Year Built
1971
Listing Agency:
RE/MAX Advance Realty II
(786) 380-5180
Listed By:
Dania Diaz · License #3140615
(786) 380-5180
Source:
Xome
Added: Mar 13
Changed: Aug 25
Last Checked: Aug 26 at 6:31AM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This retail building includes two storefront units with front and rear parking. Unit 1 consists of 1,020 sq ft and is leased to Estrella Insurance through 2029. Unit 2 offers 2,612 sq ft and is currently vacant, providing flexibility for an owner-operator or future tenant.
The property is located on Commercial Boulevard, just west of US-1. Access is described as easy with nearby connections within 1–6 miles to I-95, the Turnpike, Federal Highway, and the Beaches.
At 3,632 sq ft total building size, the layout supports either leasing both units independently or consolidating opportunities depending on end-user requirements.
The property is located on Commercial Boulevard, just west of US-1. Access is described as easy with nearby connections within 1–6 miles to I-95, the Turnpike, Federal Highway, and the Beaches.
At 3,632 sq ft total building size, the layout supports either leasing both units independently or consolidating opportunities depending on end-user requirements.
Key Highlights
- Two retail units totaling 3,632 sq ft on Commercial Boulevard
- Unit 1: 1,020 sq ft leased to Estrella Insurance through 2029
- Unit 2: 2,612 sq ft vacant
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
$64,697
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
5.88%
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%
$1,293,940
$1.3M
Cap Rate 7%
$924,243
$924.2K
Cap Rate 9%
$718,856
$718.9K
Market Conditions
NOI Build-Up for 3,632 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
$100.2K $27.60/SF
− Vacancy
−$7.8K −$2.15/SF
EGI
$92.4K $25.45/SF
− OpEx
−$27.7K −$7.63/SF
NOI
$64.7K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,293,940
Cap Rate 7%
$924,243
Cap Rate 9%
$718,856
Alternative Uses
Best Use
Retail
$924.2K
$808.7K – $1.08M
NOI $64,697 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,849 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,746
Businesses Nearby
166k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 21%
Groceries 13%
Electronics 3%
Aldi
Groceries
21,972 visits/mo
0.1 miles
McDonald's
Dining
20,120 visits/mo
0.4 miles
Starbucks
Dining
19,210 visits/mo
0.4 miles
Flanigan's Seafood Bar & Grill
Dining
17,765 visits/mo
0.2 miles
Bank of America
Shops & Services
12,011 visits/mo
0.4 miles
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two retail units totaling 3,632 sq ft, with front and rear parking and convenient access near major highways.
Where is this storefront property located?
The property is located at 1744 Commercial Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two retail units totaling 3,632 sq ft on Commercial Boulevard; Unit 1: 1,020 sq ft leased to Estrella Insurance through 2029; Unit 2: 2,612 sq ft vacant
