Fully Renovated Retail
For Sale
Contact for pricing
2990 Griffin Rd, Fort Lauderdale, FL 33312
Fully renovated 6,234 SF commercial retail property designed for modern functionality.
Property Size6,234 SF
Price / SF$413.06
Days on Market104
Property Features for 2990 Griffin Rd
General Information
Standard status
Active
Size
6,234 SF
Property subtype
RETAIL
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Moodyscre
Added: Jul 16
Changed: Oct 25
Last Checked: Oct 26 at 7:59PM
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 Fausto Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully renovated 6,234 SF commercial property is a retail storefront space upgraded by JC Holdings to combine modern design and functionality.
Located at 2990 Griffin Road in Fort Lauderdale, it is positioned as a retail option within the broader commercial setting of the area.
The offering is presented as a turnkey retail buildout with renovations intended to support day-to-day customer-facing use.
Located at 2990 Griffin Road in Fort Lauderdale, it is positioned as a retail option within the broader commercial setting of the area.
The offering is presented as a turnkey retail buildout with renovations intended to support day-to-day customer-facing use.
Key Highlights
- Fully renovated 6,234 SF commercial retail property at 2990 Griffin Road
- Upgraded by JC Holdings with modern design and functionality
- Commercial retail layout designed for modern functionality
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,046
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,220,920
$2.2M
Cap Rate 7%
$1,586,371
$1.6M
Cap Rate 9%
$1,233,844
$1.2M
Market Conditions
NOI Build-Up for 6,234 SF
Gross rent
$172.1K $27.60/SF
− Vacancy
−$13.4K −$2.15/SF
EGI
$158.6K $25.45/SF
− OpEx
−$47.6K −$7.63/SF
NOI
$111.0K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,220,920
Cap Rate 7%
$1,586,371
Cap Rate 9%
$1,233,844
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $111,046 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,247 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Shops & Services 33%
Dining 5%
Beauty & Spa 1%
Publix
Groceries
41,766 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,476 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,132 visits/mo
0.1 miles
AutoZone
Shops & Services
4,509 visits/mo
0.3 miles
Antonio's Pizza
Dining
2,562 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Retail space - Fully renovated 6,234 SF commercial retail property designed for modern functionality.
Where is this retail space located?
The property is located at 2990 Griffin Rd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Fully renovated 6,234 SF commercial retail property at 2990 Griffin Road; Upgraded by JC Holdings with modern design and functionality; Commercial retail layout designed for modern functionality
