Income-Producing Industrial Property For
For Sale
$970,000
2646 Northwest 4th Street, Fort Lauderdale, FL 33311
Small bay industrial property with three tenants near I-95.
Property Size3,659 SF
Days on Market178
Property Features for 2646 Northwest 4th Street
General Information
Standard status
Active
Size
3,659 SF
Property subtype
Industrial
Building Details
Building Size
3,659 SF
Listing Agency:
Berger Commercial Realty
(954) 802-6031
Listed By:
Jordan Beck · License #SL3444296
(954) 802-6031
Source:
Bergercommercial
Added: Mar 5
Changed: Aug 26
Last Checked: Aug 29 at 7:07AM
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.
The property at 2646 NW 4th St is an income-producing small bay industrial property with 3 tenants. Each bay features separate electricity metering, a small office, a restroom, and a rear overhead door. The property is located just west of I-95 off of Broward Blvd, providing convenient access to airports and downtown Fort Lauderdale. The property is strategically located in Fort Lauderdale, offering immediate proximity to highways, airports, and other areas of commerce.
Key Highlights
- Income‑producing property with 3 tenants already in place.
- Strategically located just west of I‑95 off Broward Blvd.
- Minutes away from airports and downtown Fort Lauderdale.
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
$56,458
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
5.82%
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%
$1,129,160
$1.1M
Cap Rate 7%
$806,543
$806.5K
Cap Rate 9%
$627,311
$627.3K
Market Conditions
NOI Build-Up for 3,659 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
$92.2K $25.20/SF
− Vacancy
−$5.3K −$1.46/SF
EGI
$86.9K $23.74/SF
− OpEx
−$30.4K −$8.31/SF
NOI
$56.5K $15.43/SF
Area
Fort Lauderdale, FL
Vacancy
5.80%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
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%
$1,129,160
Cap Rate 7%
$806,543
Cap Rate 9%
$627,311
Alternative Uses
Best Use
Flex RnD
$806.5K
$705.7K – $941.0K
NOI $56,458 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$754.8K
$660.4K – $880.6K
NOI $52,834 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,119 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- L&N Food Catering, LLC — 400 nw 31st ave, fort lauderdale, fl 33311
- Alexander Event Catering — 2551 NW 4th Ct, Fort Lauderdale, FL 33311
- Brother Gs Food Truck — 600 NW 27th Ave, Fort Lauderdale, FL 33311
- Branch Bistro Café and Catering, LLC — 2864 NW 8th St, Fort Lauderdale, FL 33311
Frequently Asked Questions
What type of property is this?
Flex space - Small bay industrial property with three tenants near I-95.
Where is this flex space located?
The property is located at 2646 Northwest 4th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Income‑producing property with 3 tenants already in place.; Strategically located just west of I‑95 off Broward Blvd.; Minutes away from airports and downtown Fort Lauderdale.
