Retail Building with Long-Term
For Sale
$3,300,000
2457 East Sunrise Boulevard #CU1G-K, Fort Lauderdale, FL 33304
For sale retail building with a long-term tenant and a spacious 9,253 SF layout at 2457 E Sunrise Blvd.
Property Size9,253 SF
Price / SF$356.64
Days on Market126
Property Features for 2457 East Sunrise Boulevard #CU1G-K
General Information
Standard status
Active
Size
9,253 SF
Property subtype
Retail - Restaurant
Building Details
Building Size
9,253 SF
Units
1
Listing Agency:
Berger Commercial Realty
(954) 358-0900
Listed By:
Jake Michels · License #SL3539076
Source:
Commercialcafe
Added: Apr 7
Changed: Aug 8
Last Checked: Jul 23 at 2:30PM
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 Berger Commercial Realty
Investment Insights
Based on property information with market context.
This for-sale retail building at 2457 East Sunrise Boulevard, #CU1G-K, Fort Lauderdale, FL 33304 comprises 9,253 SF and is described as well-maintained. The property is presented with a strong, long-term tenant in place.
The asset is positioned along East Sunrise Boulevard in Fort Lauderdale, offering an established retail setting for an investor seeking stable occupancy.
The current tenant configuration and the building’s maintained condition are highlighted as key strengths for prospective buyers evaluating the property as part of a portfolio.
The asset is positioned along East Sunrise Boulevard in Fort Lauderdale, offering an established retail setting for an investor seeking stable occupancy.
The current tenant configuration and the building’s maintained condition are highlighted as key strengths for prospective buyers evaluating the property as part of a portfolio.
Key Highlights
- For‑sale retail building at 2457 E Sunrise Blvd in Fort Lauderdale
- 9,253 SF retail property with a spacious layout
- Long‑term tenant in place for stable income
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
$164,824
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
4.99%
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%
$3,296,480
$3.3M
Cap Rate 7%
$2,354,629
$2.4M
Cap Rate 9%
$1,831,378
$1.8M
Market Conditions
NOI Build-Up for 9,253 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
$255.4K $27.60/SF
− Vacancy
−$19.9K −$2.15/SF
EGI
$235.5K $25.45/SF
− OpEx
−$70.6K −$7.63/SF
NOI
$164.8K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$3,296,480
Cap Rate 7%
$2,354,629
Cap Rate 9%
$1,831,378
Alternative Uses
Best Use
Retail
$2.35M
$2.06M – $2.75M
NOI $164,824 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.22M
$5.44M – $7.25M
NOI $435,261 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 52%
Groceries 20%
Dining 17%
Shops & Services 12%
Macy's
Apparel
67,777 visits/mo
0.2 miles
Publix
Groceries
32,823 visits/mo
0.0 miles
Dillard's
Apparel
18,596 visits/mo
0.2 miles
Starbucks
Dining
14,597 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,825 visits/mo
0.4 miles
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail building with a long-term tenant and a spacious 9,253 SF layout at 2457 E Sunrise Blvd.
Where is this retail space located?
The property is located at 2457 East Sunrise Boulevard #CU1G-K Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: For‑sale retail building at 2457 E Sunrise Blvd in Fort Lauderdale; 9,253 SF retail property with a spacious layout; Long‑term tenant in place for stable income
