Sunrise Boulevard Commercial Investment
2990 W Sunrise Blvd Fort Lauderdale, FL 33311
For Sale
$3,300,000
Commercial property with multiple income streams on Sunrise Boulevard.
Property Size7,830 SF
Lot Size1.17 Acres
Price / SF$421.46
Days on Market97
Property Features for 2990 W Sunrise Blvd
General Information
Standard status
Active
Size
7,830 SF
Lot size
1.17 Acres
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
EXP REALTY LLC
(786) 229-6567
Listed By:
Claudienne Hibbert · License #3022949
(786) 229-6567
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:35AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This commercial property in Broward County presents an investment opportunity, situated near the Sunrise Swap Shop. The sale encompasses six folios, totaling over 51,000 square feet of land. The property includes two commercial buildings: a 5,625-square-foot liquor store/lounge and a 2,205-square-foot restaurant. A billboard on the premises generates additional revenue. Located on Sunrise Boulevard, the property benefits from high visibility and exposure, with an estimated Annual Average Daily Traffic count of 52,000 vehicles. The liquor store/lounge has operated at this location since 1970. The location has a walk score of 58, indicating it is somewhat walkable, a bike score of 43, indicating it is somewhat bikeable, and a transit score of 36, indicating some transit options are available. This property, with its multiple income sources and location along a commercial corridor, offers potential for investors or operators.
Key Highlights
- High‑traffic location on Sunrise Boulevard with 52,000 vehicles AADT.
- Multiple income streams: liquor store/lounge, restaurant, and billboard.
- Large land area: over 51,000 square feet across six folios.
Financial Insights For Specialty 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 | $225.5k | $28.80 |
| − Vacancy | −$15.3k | −$1.96 |
| EGI | $210.2k | $26.84 |
| − OpEx | −$52.5k | −$6.71 |
| NOI | $157.6k | $20.13 |
7,830 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,627 @ 7.0% cap · market cap 4.78%
Second Best
Retail
$1.99M
$1.74M – $2.32M
NOI $139,476 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$5.26M
$4.60M – $6.14M
NOI $368,323 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Commercial property with multiple income streams on Sunrise Boulevard.
Where is this retail property located?
The property is located at 2990 W Sunrise Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: High‑traffic location on Sunrise Boulevard with 52,000 vehicles AADT.; Multiple income streams: liquor store/lounge, restaurant, and billboard.; Large land area: over 51,000 square feet across six folios.
