Fully Renovated Retail
2990 Griffin Rd Fort Lauderdale, FL 33312
For Sale
Contact for pricing
Fully renovated 6,234 SF commercial retail property designed for modern functionality.
Property Size6,234 SF
Price / SF$413.06
Days on Market14
Property Features for 2990 Griffin Rd
General Information
Standard status
Active
Size
6,234 SF
Property subtype
RETAIL
Listing Agency:
Fausto Commercial Realty
(954) 743-7594
Listed By:
Elior Levi · License #A11952813
(954) 743-7594
Source:
Moodyscre
Added: Jul 16
Changed: Jul 28
Last Checked: Jul 28 at 12:07PM
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
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 For Retail
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 | $172.1k | $27.60 |
| − Vacancy | −$13.4k | −$2.15 |
| EGI | $158.6k | $25.45 |
| − OpEx | −$47.6k | −$7.63 |
| NOI | $111.0k | $17.81 |
6,234 SF · lease $27.60/SF/yr · vacancy 7.80% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
