Two-Unit Strip
For Sale
Under Contract
$1,100,000
1744 E Commercial Blvd, Fort Lauderdale, FL 33334
Commercial Sale, Fort Lauderdale, FL
Property Size3,632 SF
Lot Size0.17 Acres
Price / SF$302.86
Days on Market65
Property Features for 1744 E Commercial Blvd
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
CB
Subdivision
3360
Standard status
Active Under Contract
APN
494211072950
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
CORAL RIDGE ISLES 45-47 B LOT 6 BLK 42
Tax Annual Amount
17213
Legal Description
CORAL RIDGE ISLES 45-47 B LOT 6 BLK 42
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Building materials
Block
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Dania Diaz · License #3140615
(786) 380-5180
Added: Jul 8
Changed: Sep 2
Last Checked: Sep 10 at 11:06AM
MLS# A11988688
Copyright © 2026 Miami REALTORS®. 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.
This two-unit strip mall was built in 1971 with block construction, central heating, central air, and public water service. Unit 1 contains 1020 sq ft and is currently leased to Estrella Insurance, with the option to retain the tenancy or vacate the space. Unit 2 provides 2612 SQ ft and is vacant, creating a second occupancy configuration within the property.
The property occupies 0.1722 acres on Commercial Boulevard, west of US-1. Access to I-95, the Turnpike, Federal Highway, and the beaches is described at 1-6 miles, while the beaches are 2 miles away. Parking is available at both the front and rear of the building.
The property occupies 0.1722 acres on Commercial Boulevard, west of US-1. Access to I-95, the Turnpike, Federal Highway, and the beaches is described at 1-6 miles, while the beaches are 2 miles away. Parking is available at both the front and rear of the building.
Key Highlights
- Two‑unit strip mall with 1020 sq ft leased to Estrella Insurance and 2612 SQ ft vacant
- Unit 1 may remain leased or be vacated
- 0.1722‑acre property on Commercial Boulevard west of US‑1
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,746
Businesses Nearby
166k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Strip mall - Block construction offers front and rear parking, central HVAC, and flexible occupancy options.
Where is this strip mall located?
The property is located at 1744 E 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‑unit strip mall with 1020 sq ft leased to Estrella Insurance and 2612 SQ ft vacant; Unit 1 may remain leased or be vacated; 0.1722‑acre property on Commercial Boulevard west of US‑1
