Office Building Near Convention
For Sale
Contact for pricing
1799 SE 17th St, Fort Lauderdale, FL 33316
B-2-zoned commercial property on SE 17th Street with potential for office, retail, and restaurant-oriented uses.
Property Size76,146 SF
Price / SF$380.85
Days on Market175
Property Features for 1799 SE 17th St
General Information
Standard status
Active
Size
76,146 SF
Property subtype
Office
Zoning
B-2, Fort Lauderdale
Additional Details
Road Access
Yes
Building Details
Year Built
1968
Year Renovated
2022
Buildings
2
Stories
3
Listing Agency:
Florida Equities
(216) 525-1476
Listed By:
Brian Smith
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 6:52PM
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 Florida Equities
Investment Insights
Based on property information with market context.
This 76,146-square-foot office property at 1799 SE 17th St in Fort Lauderdale was built in 1968 and carries B-2 zoning. The property is positioned for office, retail, and restaurant-oriented commercial use, offering a substantial footprint within an established business and hospitality corridor.
The site is directly across from the Omni Fort Lauderdale Hotel and minutes from the Broward County Convention Center. It also provides access to Port Everglades, Fort Lauderdale-Hollywood International Airport, Fort Lauderdale Beach, and Downtown Fort Lauderdale. SE 17th Street connects these destinations and is surrounded by hotels, marinas, restaurants, residential development, and professional offices.
The location places the property within Fort Lauderdale’s tourism, convention, cruise, and business activity areas, with nearby demand drivers including the convention center and hospitality developments.
The site is directly across from the Omni Fort Lauderdale Hotel and minutes from the Broward County Convention Center. It also provides access to Port Everglades, Fort Lauderdale-Hollywood International Airport, Fort Lauderdale Beach, and Downtown Fort Lauderdale. SE 17th Street connects these destinations and is surrounded by hotels, marinas, restaurants, residential development, and professional offices.
The location places the property within Fort Lauderdale’s tourism, convention, cruise, and business activity areas, with nearby demand drivers including the convention center and hospitality developments.
Key Highlights
- 76,146‑square‑foot office property
- B‑2 zoning in Fort Lauderdale
- Built in 1968
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
$2,187,522
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
7.54%
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%
$43,750,440
$43.8M
Cap Rate 7%
$31,250,314
$31.3M
Cap Rate 9%
$24,305,800
$24.3M
Market Conditions
NOI Build-Up for 76,146 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
$3.47M $45.60/SF
− Vacancy
−$555.6K −$7.30/SF
EGI
$2.92M $38.30/SF
− OpEx
−$729.2K −$9.58/SF
NOI
$2.19M $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 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%
$43,750,440
Cap Rate 7%
$31,250,314
Cap Rate 9%
$24,305,800
Alternative Uses
Best Use
Office B
$31.25M
$27.34M – $36.46M
NOI $2,187,522 @ 7.0% cap · market cap 7.54%
Second Best
Retail
$19.38M
$16.95M – $22.61M
NOI $1,356,392 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$51.17M
$44.77M – $59.70M
NOI $3,581,908 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,663
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
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - B-2-zoned commercial property on SE 17th Street with potential for office, retail, and restaurant-oriented uses.
Where is this office building located?
The property is located at 1799 SE 17th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $29,000,000.
What are key features of this property?
This property features: 76,146‑square‑foot office property; B‑2 zoning in Fort Lauderdale; Built in 1968
