2510 NW 19th Street Unit AD Fort Lauderdale, FL 33311
Four-unit retail strip center with nine on-site parking spaces and each unit featuring a private bathroom and air conditioning.
Property Features for 2510 NW 19th Street Unit AD
General Information
- Standard status
- Active
- Size
- 2,323 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing office Florida Capital Realty (954) 389-3604
Listing date Jul 10, 2026
Source Lehmannflorida
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Investment Insights
Based on property information with market context.
The property is located on busy NW 19th Street with convenient access to I-95, providing visibility and easy accessibility for customers and tenants. Recent exterior improvements include a freshly painted exterior and a newly sealed and striped parking lot.
The site includes nine on-site parking spaces. The current income profile supports an in-place cap rate based on the stated information, with potential for increased NOI through future lease renewals and rental adjustments.
Key Highlights
- 4‑unit multi‑tenant retail strip center built in 2002, totaling 2,323 SF
- Fully occupied with four established tenants and current in‑place NOI of $37,500
- 6.25% current in‑place cap rate; projected pro forma NOI of approximately $56,700
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.1k | $27.60 |
| − Vacancy | −$5.0k | −$2.15 |
| EGI | $59.1k | $25.45 |
| − OpEx | −$17.7k | −$7.63 |
| NOI | $41.4k | $17.81 |
