Fort Lauderdale Condo-Hotel
For Sale
$169,900
2670 E Sunrise Blvd 1103, Fort Lauderdale, FL 33304
Income-producing, furnished condo-hotel unit with city and Intracoastal views.
Property Size548 SF
Price / SF$310.04
Days on Market153
Property Features for 2670 E Sunrise Blvd 1103
General Information
Standard status
Active
Size
548 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
(954) 290-9421
Listed By:
Anahid Boyadjian · License #3164777
(954) 290-9421
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Aug 10 at 7:22AM
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 Anahid Boyadjian
Investment Insights
Based on property information with market context.
This stylish and income-producing condo-hotel unit is located at Gallery One, a Hilton DoubleTree property in Fort Lauderdale. The fully furnished and upgraded unit offers 548 square feet of space, featuring sleek interiors and a fully equipped kitchenette with granite countertops and stainless steel appliances. A comfortable living area includes dining space and a work desk. The unit also has a private balcony with city and Intracoastal views. Gallery One provides resort-style amenities such as a waterfront heated pool with sundeck and cabanas, a restaurant/bar, an on-site Water stop taxi, a fitness center, a business lounge, valet parking, and a 24-hour front desk. The location is steps from Galleria Mall, less than a mile from the beach, and minutes from Las Olas Boulevard and the airport. This property presents an excellent opportunity for a vacation retreat and/or investment property. HOA fees cover all utilities.
Key Highlights
- Income‑producing condo‑hotel unit within a Hilton DoubleTree property.
- Enjoy Intracoastal and city views from this fully furnished and upgraded 1/1 unit.
- Resort‑style amenities include a waterfront heated pool, restaurant/bar, and fitness center.
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
$8,229
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
4.84%
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%
$164,580
$164.6K
Cap Rate 7%
$117,557
$117.6K
Cap Rate 9%
$91,433
$91.4K
Market Conditions
NOI Build-Up for 548 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
$15.8K $28.80/SF
− Vacancy
−$821 −$1.50/SF
EGI
$15.0K $27.30/SF
− OpEx
−$6.7K −$12.29/SF
NOI
$8.2K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$164,580
Cap Rate 7%
$117,557
Cap Rate 9%
$91,433
Alternative Uses
Best Use
Apartment 5plus
$117.6K
$102.9K – $137.2K
NOI $8,229 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.3K
$322.2K – $429.6K
NOI $25,778 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Income-producing, furnished condo-hotel unit with city and Intracoastal views.
Where is this short term rental property located?
The property is located at 2670 E Sunrise Blvd 1103 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Income‑producing condo‑hotel unit within a Hilton DoubleTree property.; Enjoy Intracoastal and city views from this fully furnished and upgraded 1/1 unit.; Resort‑style amenities include a waterfront heated pool, restaurant/bar, and fitness center.
