2990 Griffin Road Dania Beach, FL 33312
Renovated building with four retail/office suites and 16 parking spaces for flexible investor and owner-user use.
- Added:
- Jun 9, 2026
- Days on Market:
- 32
- Last Refresh:
- Jul 5 at 2:34 am
Property Features for 2990 Griffin Road
General Information
- Standard status
- Active
- Size
- 6,234 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2010
Listing office ONE AND ONLY REALTY MIAMI LP
Listing date Jun 9, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
2990 Griffin Road is positioned within Broward County’s connected business corridor, with minutes to Fort Lauderdale–Hollywood International Airport, Port Everglades, I-95, and US-1. The property’s location supports convenient regional access and ongoing day-to-day traffic visibility from surrounding major routes.
For investors, the building offers an in-place cap rate of approximately 6.1% and is structured to support diversified occupancy across multiple suites. For owner-users, the four-suite layout allows you to occupy one suite and lease the remaining spaces to help offset operating costs, while benefiting from a turnkey, modern facility that is ready for immediate occupancy or tenanting.
Key Highlights
- 2010‑built, fully renovated 6,234 SF mixed‑use commercial property with upgraded roof, impact windows/doors, and commercial‑grade HVAC.
- Configured into four retail/office suites for diversified income and flexible use by investors or owner‑occupants.
- Investment income: in‑place cap rate of approximately 6.1% (per provided remarks).
Local Financial Insights For Office B
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 | $284.3k | $45.60 |
| − Vacancy | −$64.0k | −$10.26 |
| EGI | $220.3k | $35.34 |
| − OpEx | −$55.1k | −$8.84 |
| NOI | $165.2k | $26.51 |