Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Commercial Boulevard Title is generated by Realmo AI

    2898 W Commercial Boulevard, Fort Lauderdale, FL 33309

    View on Map
    Claim this Listing
    For Sale
    $400,000

    COMMERCIAL - Fort Lauderdale, FL

    Lot size:
    0.21 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    311
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for 2898 W Commercial Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    P
    Vegetation
    Grassed
    Standard status
    Active
    APN
    494217000010
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    17-49-42 ALL THAT POR OF SW1/4 OF SAID SEC,BEING BOUNDED ON THE E BY E/L OF NW1/4 OF SW1/4 OF SEC 17 ON S BY A LINE 20 FT N & PARA WITH NLY
    Tax Annual Amount
    51

    We can help!

    Listing Contact
    Rodrigo A Vilches

    Listing agent Rodrigo A Vilches License #688905

    Listing office United Realty Group Inc 2020 E Sample Road, Plantation, FL

    Listing date Jul 17, 2025

    MLS# F10515814 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Commercial Blvd with over 53,000 vehicles passing daily.
    • 9,197 Sq ft lot suitable for commercial development.
    • Located in an area with a high concentration of medical centers, assisted living centers, education, and mixed commercial services.
    • Zoned B‑1 by Broward County.
    • Partially cleaned land, vacant and never built on.
    • Motivated seller.

    Overview

    This commercial land, totaling 9,197 square feet, is located on Commercial Boulevard in Fort Lauderdale, Florida. The property benefits from high traffic exposure, with an average of over 53,000 vehicles passing by daily. The surrounding area features a high concentration of medical centers, assisted living facilities, educational institutions, and mixed commercial services. The land is located in Broward County and is currently zoned as Parks and Recreation, with the future land use designated as B-1. The buyer will need to apply for a zoning change based on their proposed use. The property is vacant and has never been built on, presenting an opportunity for development or investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.182706
    Latitude
    26.186463

    Nearby Similar for Sale

    • $3,600,000
      7,830 SF

      Commercial Investment Opportunity on Sunrise Boulevard

      Prime commercial property with multiple income streams on Sunrise Boulevard.
      2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $400,000
      3,120 SF

      Fort Lauderdale Restaurant Opportunity

      Turnkey restaurant with liquor license near Fort Lauderdale Beach.
      1025 N Federal Highway, Fort Lauderdale, FL
      View Details
    • $697,000
      2,500 SF

      Established Italian Restaurant in Fort Lauderdale

      Successful restaurant with loyal clientele in Fort Lauderdale's historic district.
      1 Fort Lauderdale, Fort Lauderdale, FL 33308
      View Details
    • $1,200,000
      2,612 SF

      High Visibility Retail Opportunity

      Retail space with high visibility and easy highway access.
      1744 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
    • $2,295,000
      6,458 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Eleven-unit apartment building in east Fort Lauderdale, fully occupied.
      1325/1329/1333 NE 5th Terrace, Fort Lauderdale, FL
      View Details
    • $710,000
      1,108 SF

      Fort Lauderdale Retail/Office Building

      Freestanding retail/office building on Federal Hwy in Fort Lauderdale.
      1200 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $900,000

      Fort Lauderdale Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant with high ratings and growth potential.
      511 SE 5th Ave (Restaurant), Fort Lauderdale, FL 33301
      View Details
    • $1,149,500
      3,044 SF

      Furnished Triplex Near Fort Lauderdale Beach

      Fully furnished triplex near Fort Lauderdale Beach with income potential.
      1207 NE 12th Avenue, Fort Lauderdale, FL 33304
      View Details
    • $699,950

      Fort Lauderdale Office Space Available

      1858 Sq Ft office space with high-end finishes.
      2455 E Sunrise Boulevard, Fort Lauderdale, FL 33304
      View Details
    • $950,000
      2,016 SF

      Renovated Duplex in Victoria Park

      Renovated duplex in Victoria Park, Fort Lauderdale. Ideal for investors.
      626 NE 17th Way, Fort Lauderdale, FL 33304
      View Details
    • $1,295,000

      Prime Commercial Land, Fort Lauderdale

      Versatile commercial land with high visibility and exceptional I-95 access.
      2217 NW 19th St, Fort Lauderdale, FL 33311
      View Details
    • $950,000
      1,822 SF

      Renovated Duplex in Victoria Park

      Renovated duplex in Fort Lauderdale's Victoria Park neighborhood.
      630 NE 17th Way, Fort Lauderdale, FL 33304
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic exposure on Commercial Boulevard.
    Where is this commercial land located?
    The property is located at 2898 W Commercial Boulevard Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: High‑traffic location on Commercial Blvd with over 53,000 vehicles passing daily.; 9,197 Sq ft lot suitable for commercial development.; Located in an area with a high concentration of medical centers, assisted living centers, education, and mixed commercial services.
    (954) 274-7990
    We can help!
    Listing Contact
    Rodrigo A Vilches
    Real Estate License ID: 688905
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2898 W Commercial Boulevard, Fort Lauderdale, FL 33309
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!