Retail Space with Private
For Sale
Contact for pricing
2991-2991 W Commercial Blvd, Fort Lauderdale, FL 33309
A separate electric meter and water service are included for the commercial unit.
Property Size718 SF
Price / SF$0.04
Days on Market46
Property Features for 2991-2991 W Commercial Blvd
General Information
Standard status
Active
Size
718 SF
Taxes and HOA fees
Annual Taxes
$98,510
Amenities
private bathroom
Listing Agency:
Synergy Realty Advisors
(305) 297-3557
Listed By:
Rosaura Sandoval Guevara · License #A12084380
(786) 302-5726
Source:
Exprealty
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 19 at 2:32PM
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 Synergy Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 718 SF retail space includes a private bathroom and a separate electric meter. Water service is included. The property information identifies potential applications such as insurance, tax preparation, accounting, real estate, financial services, legal services, travel, phone repair, and chiropractic or physical therapy practices.
Key Highlights
- 718 SF retail space
- Private bathroom within the unit
- Separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,790
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,800
$255.8K
Cap Rate 7%
$182,714
$182.7K
Cap Rate 9%
$142,111
$142.1K
Market Conditions
NOI Build-Up for 718 SF
Gross rent
$19.8K $27.60/SF
− Vacancy
−$1.5K −$2.15/SF
EGI
$18.3K $25.45/SF
− OpEx
−$5.5K −$7.63/SF
NOI
$12.8K $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%
$255,800
Cap Rate 7%
$182,714
Cap Rate 9%
$142,111
Alternative Uses
Best Use
Office B
$294.7K
$257.8K – $343.8K
NOI $20,627 @ 7.0% cap · market cap 79,334.62%
Second Best
Retail
$182.7K
$159.9K – $213.2K
NOI $12,790 @ 7.0% cap · market cap 49,192.31%
Theoretical Best
Office A
$482.5K
$422.2K – $562.9K
NOI $33,775 @ 7.0% cap · market cap 129,903.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Retail space - A separate electric meter and water service are included for the commercial unit.
Where is this retail space located?
The property is located at 2991-2991 W Commercial Blvd Fort Lauderdale, FL.
What are key features of this property?
This property features: 718 SF retail space; Private bathroom within the unit; Separate electric meter
