Industrial Flex Building with
New
For Sale
$4,350,000
2600 SW 3rd Ave., Fort Lauderdale, FL 33315
Gated storage, drive-in loading, and access from three streets support a range of industrial operations.
Property Size6,650 SF
Lot Size0.73 Acres
Price / SF$725
Days on Market2
Property Features for 2600 SW 3rd Ave.
General Information
Standard status
Active
Size
6,650 SF
Net Rentable
6,000 SF
Lot size
0.73 Acres
Property subtype
Industrial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Building Size
6,650 SF
Buildings
2
Tenancy
Multi
Listing Agency:
Lee & Associates | Broward/Palm Beach
Listed By:
Greg Milopoulos · License #FL #BK3121415
(954) 558-1220
Source:
Lee-associates
Added: Sep 4
Last Checked: Sep 5 at 5:52AM
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 Lee & Associates | Broward/Palm Beach
Investment Insights
Based on property information with market context.
This flex property combines office, warehouse, loading, parking, and secured outdoor storage improvements across a contiguous 0.73-acre, five-parcel assemblage. The site includes multiple ingress and egress points from three streets, drive-in loading doors, heavy 3-phase power, and a 2,200 SF shade structure over a loading and staging area. Recent seal coating and striping enhance the paved areas.
The East IOS and North Building are leased and include 1,300 SF of office/retail space, 1,000 SF of warehouse space, and a fully gated IOS yard. The South Building is vacant, with 3,800 SF of office space, 550 SF of warehouse space, and additional outdoor area beneath the shade structure. Industrial zoning supports light distribution and service-oriented operations. The property is located at 2600 SW 3rd Avenue in Fort Lauderdale, minutes from Port Everglades and Hollywood International Airport.
The East IOS and North Building are leased and include 1,300 SF of office/retail space, 1,000 SF of warehouse space, and a fully gated IOS yard. The South Building is vacant, with 3,800 SF of office space, 550 SF of warehouse space, and additional outdoor area beneath the shade structure. Industrial zoning supports light distribution and service-oriented operations. The property is located at 2600 SW 3rd Avenue in Fort Lauderdale, minutes from Port Everglades and Hollywood International Airport.
Key Highlights
- 0.73‑acre contiguous five‑parcel assemblage
- Multiple ingress and egress points across three streets
- Fully gated outdoor storage yard and parking
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
$172,368
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
3.96%
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%
$3,447,360
$3.4M
Cap Rate 7%
$2,462,400
$2.5M
Cap Rate 9%
$1,915,200
$1.9M
Market Conditions
NOI Build-Up for 6,000 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
$273.6K $45.60/SF
− Vacancy
−$43.8K −$7.30/SF
EGI
$229.8K $38.30/SF
− OpEx
−$57.5K −$9.58/SF
NOI
$172.4K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,447,360
Cap Rate 7%
$2,462,400
Cap Rate 9%
$1,915,200
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,368 @ 7.0% cap · market cap 3.96%
Second Best
Warehouse
$1.42M
$1.25M – $1.66M
NOI $99,670 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,240 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Gated storage, drive-in loading, and access from three streets support a range of industrial operations.
Where is this flex space located?
The property is located at 2600 SW 3rd Ave. Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 0.73‑acre contiguous five‑parcel assemblage; Multiple ingress and egress points across three streets; Fully gated outdoor storage yard and parking
