Turn-Key Restaurant on Wilton
For Sale
$2,750,000
2010 Wilton Drive Wilton, Fort Lauderdale, FL 33305
New construction restaurant for sale in the heart of Wilton Manors.
Property Size4,460 SF
Price / SF$616.59
Days on Market327
Property Features for 2010 Wilton Drive Wilton
General Information
Standard status
Active
Size
4,460 SF
Total Parking Spaces
9
Property subtype
Shopping Center / Retail
Zoning
A & E DISTRICT
Building Details
Building Size
4,460 SF
Year Built
1972
Listing Agency:
RE/MAX
(954) 651-1589
Listed By:
Nicholas Saavedra · License #3101270
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:42AM
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
Investment Insights
Based on property information with market context.
This is a new construction retail property, currently built out as a restaurant, located directly on Wilton Drive in the heart of Wilton Manors. The first floor features a main seating area, bar, sushi bar, two bathrooms, and a full kitchen. The kitchen is equipped with a walk-in cooler and freezer, dishwashing station, fryers, oven, stove, cook-top, ice machine, and a large hood. The upstairs bar area includes a floor-to-ceiling sliding glass door system that allows the interior area to open to a covered balcony overlooking Wilton Drive. The upstairs area also features exposed beam ceilings, two bathrooms, and an office. The sale includes furniture, fixtures, and a transferable SRX liquor license. The property is suitable for establishing a retail or dining establishment. The property size is 4,460 square feet.
Key Highlights
- Turn‑key New Construction Retail/Restaurant directly on Wilton Drive.
- Fully equipped commercial kitchen with walk‑in cooler/freezer.
- Transferrable Liquor License (SRX).
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
$89,785
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
3.26%
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%
$1,795,700
$1.8M
Cap Rate 7%
$1,282,643
$1.3M
Cap Rate 9%
$997,611
$997.6K
Market Conditions
NOI Build-Up for 4,460 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
$128.4K $28.80/SF
− Vacancy
−$8.7K −$1.96/SF
EGI
$119.7K $26.84/SF
− OpEx
−$29.9K −$6.71/SF
NOI
$89.8K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /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%
$1,795,700
Cap Rate 7%
$1,282,643
Cap Rate 9%
$997,611
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,785 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$1.13M
$993.1K – $1.32M
NOI $79,446 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,798 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,603
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 22%
Apparel 12%
7-Eleven
Shops & Services
12,635 visits/mo
0.3 miles
Dairy Queen
Dining
5,611 visits/mo
0.1 miles
Mobil
Shops & Services
4,197 visits/mo
0.4 miles
Out of the Closet
Apparel
3,090 visits/mo
0.3 miles
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
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?
Turn key restaurant - New construction restaurant for sale in the heart of Wilton Manors.
Where is this turn key restaurant located?
The property is located at 2010 Wilton Drive Wilton Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Turn‑key New Construction Retail/Restaurant directly on Wilton Drive.; Fully equipped commercial kitchen with walk‑in cooler/freezer.; Transferrable Liquor License (SRX).
