Warehouse with Fenced
For Sale
Contact for pricing
2240 SW 34th St, Fort Lauderdale, FL 33312
Renovated single-tenant facility with substantial secured yard space, upgraded office accommodation, and high-capacity electrical service.
Property Size11,289 SF
Price / SF$351.67
Days on Market173
Property Features for 2240 SW 34th St
General Information
Standard status
Active
Size
11,289 SF
Class
B
Property subtype
Industrial
Listing Agency:
TruStone Realty Advisors
Listed By:
Jacob Zebede · License #3384880
Source:
Crexi
Added: Mar 16
Changed: Sep 2
Last Checked: Sep 1 at 6:35AM
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 TruStone Realty Advisors
Investment Insights
Based on property information with market context.
The single-tenant warehouse at 2240 SW 34th St in Fort Lauderdale contains 11,289 SF and has been fully renovated. Building features include a 15-foot clear height, eight grade-level doors, and 3-phase electrical service exceeding 1,000 amps at 208/480V. The property also includes a new 600 SF air-conditioned office suite with a kitchenette and two bathrooms.
Outdoor improvements include an approximately 10,000 SF fenced and paved yard, along with over 20 dedicated parking spaces. The facility is positioned minutes from the I-95 and I-595 corridors, supporting access within the South Florida industrial market. The combination of warehouse space, substantial yard area, upgraded office facilities, and high-capacity power provides a functional configuration for industrial operations, outdoor storage, or vehicle staging.
Outdoor improvements include an approximately 10,000 SF fenced and paved yard, along with over 20 dedicated parking spaces. The facility is positioned minutes from the I-95 and I-595 corridors, supporting access within the South Florida industrial market. The combination of warehouse space, substantial yard area, upgraded office facilities, and high-capacity power provides a functional configuration for industrial operations, outdoor storage, or vehicle staging.
Key Highlights
- 11,289 SF single‑tenant warehouse
- 3‑phase power exceeding 1,000 amps at 208/480V
- Approximately 10,000 SF fenced and paved yard
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
$187,530
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
4.72%
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%
$3,750,600
$3.8M
Cap Rate 7%
$2,679,000
$2.7M
Cap Rate 9%
$2,083,667
$2.1M
Market Conditions
NOI Build-Up for 11,289 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
$230.3K $20.40/SF
− Vacancy
−$9.7K −$0.86/SF
EGI
$220.6K $19.54/SF
− OpEx
−$33.1K −$2.93/SF
NOI
$187.5K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
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%
$3,750,600
Cap Rate 7%
$2,679,000
Cap Rate 9%
$2,083,667
Alternative Uses
Best Use
Warehouse
$2.68M
$2.34M – $3.13M
NOI $187,530 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $531,035 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Well-served
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
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Similar Off Market Nearby
- The New Haven Companies, Inc. — 3951 SW 30th Ave, Fort Lauderdale, FL 33312
- Broward Microfilm & Imaging — 4080 SW 30th Ave, Fort Lauderdale, FL 33312
- CubeSmart Self Storage — 4080 Ravenswood Rd, Fort Lauderdale, FL 33312
- M & D Pro Movers — 3708 SW 30th Ave, Fort Lauderdale, FL 33312
- Red Rover Moving & Storage - Dania Beach — 3500-3536 SW 30th Ave, Dania Beach, FL 33312
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated single-tenant facility with substantial secured yard space, upgraded office accommodation, and high-capacity electrical service.
Where is this warehouse located?
The property is located at 2240 SW 34th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,970,000.
What are key features of this property?
This property features: 11,289 SF single‑tenant warehouse; 3‑phase power exceeding 1,000 amps at 208/480V; Approximately 10,000 SF fenced and paved yard
