French Bakery
For Sale
$1,700,000
2915 E Las Olas Blvd, Fort Lauderdale, FL 33316
Established food business offering pastries, cheeses, and gourmet French products near the beach and marina.
Property Size5,414 SF
Price / SF$314
Days on Market21
Property Features for 2915 E Las Olas Blvd
General Information
Standard status
Active
Size
5,414 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Year Built
1974
Listing Agency:
Serhant
(786) 603-0184
Listed By:
Fabrice Ernandes · License #3427417
Source:
Thepennteam
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 25 at 5:43AM
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 Serhant
Investment Insights
Based on property information with market context.
This 5,414-square-foot restaurant property houses an authentic French bakery business featuring pastries, cheeses, and gourmet French food. The operation includes 7 staff members and was built in 1974.
Positioned at 2915 E Las Olas Blvd in Fort Lauderdale, the business is near the beach and marina. A 10-year lease is secured, providing defined occupancy terms for the restaurant operation.
Positioned at 2915 E Las Olas Blvd in Fort Lauderdale, the business is near the beach and marina. A 10-year lease is secured, providing defined occupancy terms for the restaurant operation.
Key Highlights
- 5,414‑square‑foot restaurant property
- Authentic French bakery offering pastries, cheeses, and gourmet French food
- 7 staff members in place
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
$108,990
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
6.41%
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%
$2,179,800
$2.2M
Cap Rate 7%
$1,557,000
$1.6M
Cap Rate 9%
$1,211,000
$1.2M
Market Conditions
NOI Build-Up for 5,414 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
$155.9K $28.80/SF
− Vacancy
−$10.6K −$1.96/SF
EGI
$145.3K $26.84/SF
− OpEx
−$36.3K −$6.71/SF
NOI
$109.0K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /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%
$2,179,800
Cap Rate 7%
$1,557,000
Cap Rate 9%
$1,211,000
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,990 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,675 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
118k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Dining 12%
Shops & Services 10%
Apparel 7%
Bahia Mar Fort Lauderdale Beach - a DoubleTree by Hilton Hotel
Hotels & Casinos
41,752 visits/mo
0.4 miles
The Ritz-Carlton, Fort Lauderdale
Hotels & Casinos
20,887 visits/mo
0.3 miles
Courtyard Fort Lauderdale Beach
Hotels & Casinos
12,050 visits/mo
0.2 miles
7-Eleven
Shops & Services
11,794 visits/mo
0.1 miles
Hotel Maren Fort Lauderdale Beach, Curio Collection by Hilton
Hotels & Casinos
9,052 visits/mo
0.3 miles
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established food business offering pastries, cheeses, and gourmet French products near the beach and marina.
Where is this conventional restaurant located?
The property is located at 2915 E Las Olas Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 5,414‑square‑foot restaurant property; Authentic French bakery offering pastries, cheeses, and gourmet French food; 7 staff members in place
