I-95 Frontage Signature
For Sale
$26,900,000
2051 Griffin Road, Fort Lauderdale, FL 33312
Unique property with I-95 frontage and dockage.
Property Size45,220 SF
Price / SF$594.87
Days on Market265
Property Features for 2051 Griffin Road
General Information
Standard status
Active
Size
45,220 SF
Property subtype
Special Purpose
Building Details
Building Size
45,220 SF
Listing Agency:
SVN Safe Haven Advisors
(954) 234-8777
Listed By:
Keith Kidwell, SIOR, CCIM
(954) 234-8777
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: May 8 at 9:58PM
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 SVN Safe Haven Advisors
Investment Insights
Based on property information with market context.
This property presents a unique opportunity with significant I-95 exposure. It is suitable for various uses including marine, auto, truck, service, airport, and port-related activities. The site features over 1,400 lineal feet of I-95 frontage and over 1,300 lineal feet of seawall and dockage. The property includes three buildings: a 36,338 square foot concrete Twin-T service building, a 7,052 square foot office and service building, and an 1,830 square foot office building. The service building has a clear height of approximately 22 feet and column spacing of approximately 30 feet. The property also features an on-site boat ramp and heavy 3-phase power. The location provides easy access to I-95, I-595, and the Florida Turnpike, situated just north of Griffin Road.
Key Highlights
- Over 1,400 lineal feet of I‑95 frontage offering incredible exposure.
- Boasts over 1,300 lineal feet of seawall/dockage.
- 36,338 SF concrete Twin‑T service building.
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
$805,506
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
2.99%
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%
$16,110,120
$16.1M
Cap Rate 7%
$11,507,229
$11.5M
Cap Rate 9%
$8,950,067
$9.0M
Market Conditions
NOI Build-Up for 45,220 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
$1.25M $27.60/SF
− Vacancy
−$97.3K −$2.15/SF
EGI
$1.15M $25.45/SF
− OpEx
−$345.2K −$7.63/SF
NOI
$805.5K $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%
$16,110,120
Cap Rate 7%
$11,507,229
Cap Rate 9%
$8,950,067
Alternative Uses
Best Use
Retail
$11.51M
$10.07M – $13.43M
NOI $805,506 @ 7.0% cap · market cap 2.99%
Second Best
Warehouse
$10.73M
$9.39M – $12.52M
NOI $751,182 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$30.39M
$26.59M – $35.45M
NOI $2,127,149 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Truck Space — 5555 anglers ave #27, fort lauderdale, fl 33312
- Mobile Mini — S Bearing St, Dania Beach, FL 33004
- Pitstop Auto House A.K.A PAH Automotive LLC — 2050 tigertail boulevard, bay m, dania beach, fl 33004
- Aragon Movers — 2357 Stirling Rd, Fort Lauderdale, FL 33312
- Boat Storage — 90 N Bryan Rd, Dania Beach, FL 33004
Frequently Asked Questions
What type of property is this?
Warehouse - Unique property with I-95 frontage and dockage.
Where is this warehouse located?
The property is located at 2051 Griffin Road Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $26,900,000.
What are key features of this property?
This property features: Over 1,400 lineal feet of I‑95 frontage offering incredible exposure.; Boasts over 1,300 lineal feet of seawall/dockage.; 36,338 SF concrete Twin‑T service building.
