Mixed-Use Property in Growing
24 NE 1st Ave, Dania Beach, FL 33004
For Sale
$1,950,000
Mixed-use property with residential and commercial units in Dania Beach.
Property Size4,968 SF
Lot Size0.22 Acres
Days on Market233
Property Features for 24 NE 1st Ave
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keter Estates LLC
Listed By:
Erica Mizrahi · License FL #3239938
(305) 761-1612
Source:
Elliman
Added: Mar 23
Changed: Aug 16
Last Checked: Aug 25 at 5:43AM
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 Keter Estates LLC
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Investment Insights
Based on property information with market context.
JC Holdings-Meadowbrook Plaza is a mixed-use property featuring two residential units and four commercial units. It is located in a rapidly developing corridor of Dania Beach, one block east of U.S. Route 1. The area is experiencing significant growth, with newly constructed hotels and apartment communities surrounding the property. The location provides access to Fort Lauderdale–Hollywood International Airport and Port Everglades. Major regional roadways such as Interstate 95, Interstate 595, U.S. Route 441, and Florida's Turnpike are also located just minutes away. The property offers in-place income and future area growth.
Key Highlights
- Strong CAP rate offering stable returns.
- Strategic location in a rapidly developing area of Dania Beach.
- Mixed‑use property with two residential and four commercial units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,049
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,980
$1.4M
Cap Rate 7%
$1,000,700
$1.0M
Cap Rate 9%
$778,322
$778.3K
Market Conditions
NOI Build-Up for 4,968 SF
Gross rent
$119.2K $24.00/SF
− Vacancy
−$7.2K −$1.44/SF
EGI
$112.1K $22.56/SF
− OpEx
−$42.0K −$8.46/SF
NOI
$70.0K $14.10/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,980
Cap Rate 7%
$1,000,700
Cap Rate 9%
$778,322
Alternative Uses
Best Use
Mixed Use
$1.00M
$875.6K – $1.17M
NOI $70,049 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,433 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial units in Dania Beach.
Where is this mixed-use property located?
The property is located at 24 NE 1st Ave Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Strong CAP rate offering stable returns.; Strategic location in a rapidly developing area of Dania Beach.; Mixed‑use property with two residential and four commercial units.
