Remodeled Retail Building with
224 SE 9TH ST Fort Lauderdale, FL 33316
For Sale
$1,050,000
Pending
Remodeled retail building on a double-lot site with extensive parking and dual corner exposure.
Property Size3,446 SF
Lot Size0.46 Acres
Days on Market5490
Property Features for 224 SE 9TH ST
General Information
Standard status
Pending
Size
3,446 SF
Lot size
0.46 Acres
Property subtype
General Commercial
Building Details
Year Built
1973
Listing Agency:
MAR NON MLS MEMBER
(954) 328-0711
Listed By:
Robert Piccolo · License #B26021514
(954) 328-0711
Source:
Xome
Added: Jul 19, 2011
Changed: Jul 25
Last Checked: Jul 25 at 6:17PM
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 MAR NON MLS MEMBER
Investment Insights
Based on property information with market context.
This remodeled retail building offers approximately 3,500 SF and is positioned on a 10,000 SF lot with an adjacent 10,000 SF +/- lot that adds parking. The full site has been remade for immediate occupancy, and the property is configured for a parking-forward setup with double-lot parking.
As a dual-corner exposure, the site provides 24-hour visibility to the courthouse trade. The adjacent parking lot is included with the offering, supporting higher on-site parking capacity for retail users who need convenient customer parking.
Overall, the property is a fully remodeled, parking-enhanced retail option designed for straightforward occupancy in an active courthouse environment.
As a dual-corner exposure, the site provides 24-hour visibility to the courthouse trade. The adjacent parking lot is included with the offering, supporting higher on-site parking capacity for retail users who need convenient customer parking.
Overall, the property is a fully remodeled, parking-enhanced retail option designed for straightforward occupancy in an active courthouse environment.
Key Highlights
- 3,500 SF building on a 10,000 SF lot with an additional adjacent lot of 10,000 SF +/- for extra parking included in the asking price
- Dual corner property exposure provides 24‑hour visibility to the courthouse trade
- Fully remodeled for immediate occupancy
Financial Insights For Retail
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 | $95.1k | $27.60 |
| − Vacancy | −$7.4k | −$2.15 |
| EGI | $87.7k | $25.45 |
| − OpEx | −$26.3k | −$7.63 |
| NOI | $61.4k | $17.81 |
3,446 SF · lease $27.60/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$876.9K
$767.3K – $1.02M
NOI $61,384 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,100 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Remodeled retail building on a double-lot site with extensive parking and dual corner exposure.
Where is this retail space located?
The property is located at 224 SE 9TH ST Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,500 SF building on a 10,000 SF lot with an additional adjacent lot of 10,000 SF +/- for extra parking included in the asking price; Dual corner property exposure provides 24‑hour visibility to the courthouse trade; Fully remodeled for immediate occupancy
