Furnished Unit with Panoramic
For Sale
$125,000
2670 E Sunrise Blvd 1402, Fort Lauderdale, FL 33304
Top-floor unit with ocean, intracoastal, and park views.
Property Size470 SF
Days on Market109
Property Features for 2670 E Sunrise Blvd 1402
General Information
Standard status
Active
Size
470 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,542
Building Details
Building Size
470 SF
Year Built
1986
Stories
14
Listing Agency:
Beachfront Realty, Inc
(954) 504-5611
Listed By:
David Poloney · License #3569295
(954) 504-5611
Source:
Elliman
Added: Apr 24
Changed: Aug 9
Last Checked: Aug 10 at 7:20AM
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 Beachfront Realty, Inc
Investment Insights
Based on property information with market context.
This fully furnished, top-floor unit offers panoramic views of the ocean, intracoastal waterway, and Birch Park. The property provides flexibility for owners, allowing for year-round occupancy or rental opportunities from day one through platforms like Airbnb, VRBO, or hotel programs. The unit features a full kitchen equipped with a stovetop, dishwasher, microwave, and refrigerator. This one-bedroom, one-bath unit includes a sleeper sofa and an owner's storage closet. On-site amenities include a sparkling pool, restaurant, poolside cocktail bar, fitness center, business center, conference rooms, coffee bar, and a water taxi stop. The property has a bike score of 46, indicating it is somewhat bikeable, a walk score of 51, indicating it is somewhat walkable, and a transit score of 37, indicating some transit options are available.
Key Highlights
- Top‑floor unit with panoramic ocean, intracoastal, and Birch Park views.
- Fully furnished and ready for immediate occupancy or rental.
- Rental flexibility with Airbnb, VRBO, or hotel program participation.
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
$7,058
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
5.65%
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%
$141,160
$141.2K
Cap Rate 7%
$100,829
$100.8K
Cap Rate 9%
$78,422
$78.4K
Market Conditions
NOI Build-Up for 470 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
$13.5K $28.80/SF
− Vacancy
−$704 −$1.50/SF
EGI
$12.8K $27.30/SF
− OpEx
−$5.8K −$12.29/SF
NOI
$7.1K $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%
$141,160
Cap Rate 7%
$100,829
Cap Rate 9%
$78,422
Alternative Uses
Best Use
Apartment 5plus
$100.8K
$88.2K – $117.6K
NOI $7,058 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 17.69%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Top-floor unit with ocean, intracoastal, and park views.
Where is this short term rental property located?
The property is located at 2670 E Sunrise Blvd 1402 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Top‑floor unit with panoramic ocean, intracoastal, and Birch Park views.; Fully furnished and ready for immediate occupancy or rental.; Rental flexibility with Airbnb, VRBO, or hotel program participation.
