Multi-Tenant Retail Strip
For Sale
$599,900
2510 19th St, Fort Lauderdale, FL 33311
Four leased suites provide individual bathrooms, air conditioning, and on-site parking.
Property Size2,323 SF
Price / SF$258.24
Days on Market39
Property Features for 2510 19th St
General Information
Standard status
Active
Size
2,323 SF
Total Parking Spaces
9
Property subtype
General Commercial
Occupancy
100%
Net Operating Income
$37,500
Financials
Cap Rate
6.25%
Opportunity Zone
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,125
Amenities
private bathrooms
air conditioning systems
3
9 Parking Spaces.
Building Details
Year Built
2002
Buildings
1
Tenancy
Multi
Listing Agency:
Florida Capital Realty
(954) 389-3604
Listed By:
Patricio Sly · License #3413323
(954) 389-3604
Source:
Xome
Added: Jul 7
Changed: Aug 13
Last Checked: Aug 13 at 11:37AM
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 Florida Capital Realty
Investment Insights
Based on property information with market context.
This 2,323-square-foot retail strip center contains four leased units occupied by established tenants. Each suite includes a private bathroom and its own air conditioning system, giving occupants separate operational control. The building was constructed in 2002 and has a 6.25% current in-place cap rate. A federally designated Opportunity Zone designation adds to the property’s established commercial profile.
Located at 2510 19th St in Fort Lauderdale, the property offers access to I-95 and exposure along NW 19th Street. The site includes nine parking spaces for customer and tenant use. Recent work includes a repainted exterior and a parking lot that has been sealed and striped.
Located at 2510 19th St in Fort Lauderdale, the property offers access to I-95 and exposure along NW 19th Street. The site includes nine parking spaces for customer and tenant use. Recent work includes a repainted exterior and a parking lot that has been sealed and striped.
Key Highlights
- 2,323 SF retail strip center with four leased units
- Four established tenants and 6.25% current in‑place cap rate
- Each unit includes a private bathroom and individual air conditioning system
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
$41,380
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
6.90%
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%
$827,600
$827.6K
Cap Rate 7%
$591,143
$591.1K
Cap Rate 9%
$459,778
$459.8K
Market Conditions
NOI Build-Up for 2,323 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
$64.1K $27.60/SF
− Vacancy
−$5.0K −$2.15/SF
EGI
$59.1K $25.45/SF
− OpEx
−$17.7K −$7.63/SF
NOI
$41.4K $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%
$827,600
Cap Rate 7%
$591,143
Cap Rate 9%
$459,778
Alternative Uses
Best Use
Retail
$591.1K
$517.3K – $689.7K
NOI $41,380 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,274 @ 7.0% cap · market cap 18.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 16%
Apparel 8%
Electronics 3%
dd's DISCOUNTS
Shops & Services
20,049 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,954 visits/mo
0.2 miles
Price Choice Foodmarket 3
Groceries
11,563 visits/mo
0.1 miles
BP
Shops & Services
10,178 visits/mo
0.1 miles
Citi Trends
Apparel
5,835 visits/mo
0.1 miles
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Four leased suites provide individual bathrooms, air conditioning, and on-site parking.
Where is this strip mall located?
The property is located at 2510 19th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,323 SF retail strip center with four leased units; Four established tenants and 6.25% current in‑place cap rate; Each unit includes a private bathroom and individual air conditioning system
