Free Standing Office
1901 SE 4th Ave Fort Lauderdale, FL 33316
For Sale
$1,150,000
Office building near downtown and courthouse, suitable for practitioners.
Property Size2,098 SF
Lot Size0.19 Acres
Price / SF$548.14
Days on Market97
Property Features for 1901 SE 4th Ave
General Information
Standard status
Active
Size
2,098 SF
Lot size
0.19 Acres
Property subtype
Commercial
Building Details
Year Built
1959
Listing Agency:
(954) 812-4801
Listed By:
Richard N Salter
(954) 812-4801
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 12:52PM
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 Richard N Salter
Investment Insights
Based on property information with market context.
This free-standing office building is suitable for a sole practitioner in the medical, real estate, accounting, or legal field. The property is located close to downtown and near the new courthouse. The building includes ample parking and an attached 2-car garage. The current under-air square footage is 2098, which includes the air-conditioned garage. Without the garage, the interior square footage is 1570. Some updates have been completed while retaining character from the 1960s era of construction. The roof is 18 years old, and impact windows and doors were installed in 2017. The interior consists of a reception area, multiple offices, 2 bathrooms, and a kitchen. It is located on a corner lot measuring 70 x 120 ft. The zoning is residential/office. The bike score is 45, indicating it is somewhat bikeable. The walk score is 57, indicating it is somewhat walkable. The transit score is 24, indicating minimal transit.
Key Highlights
- Ideal for professional practice (medical, legal, accounting, real estate).
- Convenient location near downtown and the new courthouse.
- Ample parking plus an attached 2‑car garage (air conditioned).
Financial Insights For Office B
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 | $95.7k | $45.60 |
| − Vacancy | −$15.3k | −$7.30 |
| EGI | $80.4k | $38.30 |
| − OpEx | −$20.1k | −$9.58 |
| NOI | $60.3k | $28.73 |
2,098 SF · lease $45.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$861.0K
$753.4K – $1.00M
NOI $60,271 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,690 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building near downtown and courthouse, suitable for practitioners.
Where is this office building located?
The property is located at 1901 SE 4th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Ideal for professional practice (medical, legal, accounting, real estate).; Convenient location near downtown and the new courthouse.; Ample parking plus an attached **2‑car garage (air conditioned)**.
