CVS-Anchored Retail
2801 E Oakland Park Blvd Fort Lauderdale, FL 33306
For Sale
$5,895,000
Pending
Retail plaza anchored by CVS with long-tenured tenants including The UPS Store and Hair Cuttery.
Property Size15,820 SF
Days on Market3065
Property Features for 2801 E Oakland Park Blvd
General Information
- Standard status
- Pending
- Size
- 15,820 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1994
Listing Agency:
Bonvie Realty
(954) 232-8494
Listed By:
Richard Bonvie · License #610564
(954) 232-8494
Source:
Xome
Added: Mar 6, 2018
Changed: Jul 25
Last Checked: Jul 25 at 5:10PM
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 Bonvie Realty
Investment Insights
Based on property information with market context.
FOR SALE: “Coral Ridge Plaza” at 2801 E Oakland Park Blvd, Fort Lauderdale, FL 33306. The property is a retail center with four tenants anchored by CVS Pharmacy.
Additional tenants include The UPS Store, Hair Cuttery, and Las Vegas Cuban Cuisine. Public remarks indicate all tenants have been at the plaza for over 20 years.
Additional tenants include The UPS Store, Hair Cuttery, and Las Vegas Cuban Cuisine. Public remarks indicate all tenants have been at the plaza for over 20 years.
Key Highlights
- Retail plaza with 15,820 SF gross leasable area at 2801–2811 NE 31st Street (“Coral Ridge Plaza”)
- Anchored by CVS Pharmacy with additional tenants: The UPS Store, Hair Cuttery, and Las Vegas Cuban Cuisine
- Tenants have been at the plaza for over 20 years
Financial Insights For Specialty 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 | $455.6k | $28.80 |
| − Vacancy | −$31.0k | −$1.96 |
| EGI | $424.6k | $26.84 |
| − OpEx | −$106.2k | −$6.71 |
| NOI | $318.5k | $20.13 |
15,820 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,476 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$4.03M
$3.52M – $4.70M
NOI $281,802 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$10.63M
$9.30M – $12.40M
NOI $744,173 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MoneyGram
Bank
Advance Hospitality Services
Employment Agency
CDReload - Online Bitcoin ...
Money Transfer Service
LibertyX Bitcoin ATM
Atm
Coinhub Bitcoin ATM ...
Atm
Similar Off Market Nearby
- Retail store — 3051 N Federal Hwy, Fort Lauderdale, FL 33306
- Coral Ridge Mall — Coral Ridge mall, 3200 N Federal Hwy, Fort Lauderdale, FL 33306
- Tippy — 2755 E Oakland Park Blvd #300, Fort Lauderdale, FL 33306
- Hardee County Centre — 3015 N Ocean Blvd c122, Fort Lauderdale, FL 33308
- Times Square — 3038 N Federal Hwy, Fort Lauderdale, FL 33306
FAQs
What type of property is this?
Shopping center - Retail plaza anchored by CVS with long-tenured tenants including The UPS Store and Hair Cuttery.
Where is this shopping center located?
The property is located at 2801 E Oakland Park Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $5,895,000.
What are key features of this property?
This property features: Retail plaza with 15,820 SF gross leasable area at 2801–2811 NE 31st Street (“Coral Ridge Plaza”); Anchored by CVS Pharmacy with additional tenants: The UPS Store, Hair Cuttery, and Las Vegas Cuban Cuisine; Tenants have been at the plaza for over 20 years
