2408 N DIXIE Highway #2408, Wilton Manors, FL 33305

Building Details

Year Built 1960 More

Tenancy Single More

Listing Agency: Royal Realty Investment Group r***@att.net Show Phone

Listed By: Mario R Baldizon · License #3094793 Show Phone

Source: Miznerpartners

Added: Sep 15 Changed: Nov 6 Last Checked: Nov 6 at 2:31PM

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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 Royal Realty Investment Group

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Investment Insights

Based on property information with market context.

This 3,300 SF flex space includes 902 SF of open office area, a bathroom, and warehouse space. The unit has a 10X10 hurricane-proof overhead door, a main entrance, and central air conditioning, with one parking space in front. The property was built in 1960 and is located on N Dixie Highway in Wilton Manors.

Key Highlights

• 3,300 SF flex space with 902 SF of open office area
• Warehouse area, one bathroom, and a 10X10 hurricane‑proof overhead door
• Central air conditioning and one parking space in front

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,626

Suggested Prices Based on Cap Rates

Cap Rate 5%

$712,520 $712.5K

Cap Rate 7%

$508,943 $508.9K

Cap Rate 9%

$395,844 $395.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$53.9K $16.32/SF

− Vacancy

−$3.0K −$0.90/SF

EGI

$50.9K $15.42/SF

− OpEx

−$15.3K −$4.63/SF

NOI

$35.6K $10.80/SF

Area

Broward County, FL

Vacancy

5.50%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$712,520

Cap Rate 7%

$508,943

Cap Rate 9%

$395,844

Alternative Uses

Best Use

Flex RnD

$1.04M

$907.3K – $1.21M (±1% cap)

NOI $72,587 @ 7.0% cap · market cap 3,820.37%

Second Best

Retail

$797.1K

$697.5K – $930.0K (±1% cap)

NOI $55,800 @ 7.0% cap · market cap 2,936.84%

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,196 @ 7.0% cap · market cap 6,168.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Butcher Daycare Center Tanning Salon Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,037

Businesses Nearby

Under-served

Demand for This Use

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

Average Price Trend$/SF for Flex space in Broward County, FL

$256 Jul

$282 Aug

$317 Sep

$317 Oct

Properties on Market for Flex space in Broward County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Kitchen Candy — 748 NE 13th Ct, Fort Lauderdale, FL 33304
• Pizzeria Magaddino — 1105 NE 13th St, Fort Lauderdale, FL 33304
• Table Manors Supper Club — Wilton Dr, Wilton Manors, FL 33311
• Funky Farm Bros — 2406 Dixie Hwy, Wilton Manors, FL 33305
• Creative Elegance Catering LLC. — ne 4th avenue and, ne 16th st, fort lauderdale, fl 33334

Frequently Asked Questions

What type of property is this?

Flex space - A central air-conditioning unit serves open office space and warehouse area, with one parking space at the front.

Where is this flex space located?

The property is located at 2408 N DIXIE Highway #2408 Wilton Manors, FL.

What are key features of this property?

This property features: 3,300 SF flex space with 902 SF of open office area; Warehouse area, one bathroom, and a 10X10 hurricane‑proof overhead door; Central air conditioning and one parking space in front