Mixed-Use Property with
2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
For Sale
$2,900,000
Commercial Sale, Fort Lauderdale, FL
Property Size7,783 SF
Lot Size1.00 Acre
Price / SF$372.61
Days on Market138
Property Features for 2990 W Sunrise Blvd
General Information
Property type
Property subtype
Zoning description
Parking
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
billboard
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Claudienne Hibbert · License FL #3022949
(786) 229-6567
Added: Jun 30
Changed: Nov 10
Last Checked: Nov 14 at 5:06AM
MLS# A11971348
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property includes two commercial buildings: a liquor store and lounge, and a restaurant. A revenue-producing billboard is also part of the site. The liquor store and lounge business has operated in the area since 1970; the buildings were constructed in 1968.
The property fronts Sunrise Boulevard in Fort Lauderdale, near the Sunrise Swap Shop. The corridor carries an estimated annual average daily traffic of 52,000 vehicles. The sale encompasses six folios.
The property fronts Sunrise Boulevard in Fort Lauderdale, near the Sunrise Swap Shop. The corridor carries an estimated annual average daily traffic of 52,000 vehicles. The sale encompasses six folios.
Key Highlights
- Two commercial buildings: a liquor store/lounge and a restaurant
- Revenue‑producing billboard included
- Six folios included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,681
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,133,620
$3.1M
Cap Rate 7%
$2,238,300
$2.2M
Cap Rate 9%
$1,740,900
$1.7M
Market Conditions
NOI Build-Up for 7,783 SF
Gross rent
$224.2K $28.80/SF
− Vacancy
−$15.2K −$1.96/SF
EGI
$208.9K $26.84/SF
− OpEx
−$52.2K −$6.71/SF
NOI
$156.7K $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 Rate 5%
$3,133,620
Cap Rate 7%
$2,238,300
Cap Rate 9%
$1,740,900
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,681 @ 7.0% cap · market cap 5.40%
Second Best
Mixed Use
$1.71M
$1.49M – $1.99M
NOI $119,430 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M
NOI $366,112 @ 7.0% cap · market cap 12.62%
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
Lease Details
52,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Family Dollar
Shops & Services
17,209 visits/mo
0.3 miles
Exxon
Shops & Services
13,242 visits/mo
0.2 miles
KFC
Dining
12,336 visits/mo
0.1 miles
Marathon
Shops & Services
10,750 visits/mo
0.1 miles
Dunkin' Donuts
Dining
4,374 visits/mo
0.2 miles
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Fort Lauderdale, FL
Properties on Market for Mixed-use properties in Fort Lauderdale
Vacancy Rate% for Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial buildings and a billboard provide a combination of retail, lounge, and restaurant uses.
Where is this mixed-use 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 $2,900,000.
What are key features of this property?
This property features: Two commercial buildings: a liquor store/lounge and a restaurant; Revenue‑producing billboard included; Six folios included in the sale
