Renovated Office
For Sale
$930,000
2890 W State Road 84 Unit 113, Fort Lauderdale, FL 33312
Open-plan commercial space with updated finishes, new AC, parking, and access to major regional destinations.
Property Size2,073 SF
Price / SF$448.63
Days on Market45
Property Features for 2890 W State Road 84 Unit 113
General Information
Standard status
Active
Size
2,073 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
The Keyes Company
Listed By:
William Spencer Carey · License #R11131034
(937) 725-8645
Source:
Chenoregroup
Added: Jul 22
Changed: Aug 30
Last Checked: Sep 1 at 9:09PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This office unit is part of a commercial property built in 2006 and has undergone renovation with a modern interior and premium finishes. The layout is bright and open, supporting a range of professional or commercial uses. Air conditioning was newly installed in 02/2026.
Located at 2890 W State Road 84 #113, Fort Lauderdale, FL 33312, the property offers access to major highways, Fort Lauderdale-Hollywood International Airport, marinas, and beaches. On-site parking and visible placement add practical features for an office user or owner seeking an updated commercial space.
Located at 2890 W State Road 84 #113, Fort Lauderdale, FL 33312, the property offers access to major highways, Fort Lauderdale-Hollywood International Airport, marinas, and beaches. On-site parking and visible placement add practical features for an office user or owner seeking an updated commercial space.
Key Highlights
- Renovated office unit with modern interior finishes
- New air conditioning installed in 02/2026
- Bright, open layout for professional or commercial uses
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
$59,553
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
6.40%
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%
$1,191,060
$1.2M
Cap Rate 7%
$850,757
$850.8K
Cap Rate 9%
$661,700
$661.7K
Market Conditions
NOI Build-Up for 2,073 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
$94.5K $45.60/SF
− Vacancy
−$15.1K −$7.30/SF
EGI
$79.4K $38.30/SF
− OpEx
−$19.9K −$9.58/SF
NOI
$59.6K $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%
$1,191,060
Cap Rate 7%
$850,757
Cap Rate 9%
$661,700
Alternative Uses
Best Use
Office B
$850.8K
$744.4K – $992.6K
NOI $59,553 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,514 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
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?
Office units - Open-plan commercial space with updated finishes, new AC, parking, and access to major regional destinations.
Where is this office units located?
The property is located at 2890 W State Road 84 Unit 113 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Renovated office unit with modern interior finishes; New air conditioning installed in 02/2026; Bright, open layout for professional or commercial uses
