Renovated Waterfront Mixed-Use
For Sale
$2,150,000
2200 26th Street, Wilton Manors, FL 33305
Two-story mixed-use property with private dock, renovated commercial bays, and residential waterfront living plus a wraparound balcony.
Property Size5,902 SF
Price / SF$364.28
Days on Market262
Property Features for 2200 26th Street
General Information
Standard status
Active
Size
5,902 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$32,739
Amenities
3
Building Details
Year Built
1985
Year Renovated
2012
Stories
2
Tenancy
Multi
Listing Agency:
(954) 661-1969
Listed By:
Premier Listings
(954) 661-1969
Source:
Xome
Added: Nov 27, 2025
Changed: Aug 12
Last Checked: Aug 15 at 4:14AM
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 Premier Listings
Investment Insights
Based on property information with market context.
This fully renovated, turn-key two-story mixed-use waterfront property is set on a high-visibility corner. The building includes a wraparound balcony overlooking the waterway, hurricane impact windows and doors throughout, LED lighting, and multiple entrances. Systems and improvements include six HVAC zones, with the structure rebuilt in 2012 featuring new electric, plumbing, flooring, and structural upgrades. A private dock and 90' seawall were rebuilt in 2017.
The first floor is configured as three commercial bays, including a remodeled waterfront suite with modern glass partitions and a waterfront conference room, along with private offices and upgraded finishes. The bays can be combined into a larger contiguous space, either two suites together or all three. There are three restrooms on the first floor, including one ADA-compliant, plus a covered 320 SF private waterfront deck.
The second floor offers a spacious two-bedroom waterfront residential unit with panoramic views and direct access to the wraparound balcony. The layout can also be reconfigured into two separate residential units. A separate studio unit is included, suitable for annual rental income or use as an Airbnb. The property is located steps from Federal Highway, with on-site parking and nearby shopping and dining, and is close to Wilton Manors, Coral Ridge, Poinsettia Heights, and Coral Point.
The first floor is configured as three commercial bays, including a remodeled waterfront suite with modern glass partitions and a waterfront conference room, along with private offices and upgraded finishes. The bays can be combined into a larger contiguous space, either two suites together or all three. There are three restrooms on the first floor, including one ADA-compliant, plus a covered 320 SF private waterfront deck.
The second floor offers a spacious two-bedroom waterfront residential unit with panoramic views and direct access to the wraparound balcony. The layout can also be reconfigured into two separate residential units. A separate studio unit is included, suitable for annual rental income or use as an Airbnb. The property is located steps from Federal Highway, with on-site parking and nearby shopping and dining, and is close to Wilton Manors, Coral Ridge, Poinsettia Heights, and Coral Point.
Key Highlights
- Two‑story renovated mixed‑use waterfront property with commercial on the first floor and residential units on the second
- Private dock with a 90' seawall rebuilt in 2017
- Commercial first floor includes three bays with a remodeled waterfront suite, waterfront conference room, private offices, and upgraded finishes
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
$156,433
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
7.28%
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%
$3,128,660
$3.1M
Cap Rate 7%
$2,234,757
$2.2M
Cap Rate 9%
$1,738,144
$1.7M
Market Conditions
NOI Build-Up for 5,902 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
$269.1K $45.60/SF
− Vacancy
−$60.6K −$10.26/SF
EGI
$208.6K $35.34/SF
− OpEx
−$52.1K −$8.84/SF
NOI
$156.4K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
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%
$3,128,660
Cap Rate 7%
$2,234,757
Cap Rate 9%
$1,738,144
Alternative Uses
Best Use
Office B
$2.23M
$1.96M – $2.61M
NOI $156,433 @ 7.0% cap · market cap 7.28%
Second Best
Mixed Use
$1.45M
$1.27M – $1.70M
NOI $101,810 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,603 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property with private dock, renovated commercial bays, and residential waterfront living plus a wraparound balcony.
Where is this mixed-use property located?
The property is located at 2200 26th Street Wilton Manors, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two‑story renovated mixed‑use waterfront property with commercial on the first floor and residential units on the second; Private dock with a 90' seawall rebuilt in 2017; Commercial first floor includes three bays with a remodeled waterfront suite, waterfront conference room, private offices, and upgraded finishes
