Retail Suite with Private
For Sale
Contact for pricing
2991 W Commercial Boulevard Unit 2991, Fort Lauderdale, FL 33309
The unit has a dedicated restroom, its own electric meter, and water service included.
Property Size21,332 SF
Price / SF$0.00
Days on Market43
Property Features for 2991 W Commercial Boulevard Unit 2991
General Information
Standard status
Active
Size
21,332 SF
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Amenities
private bathroom
Building Details
Year Built
1986
Listing Agency:
Synergy Realty Advisors
(305) 297-3557
Listed By:
Rosaura Patricia Sandoval Guevara · License #A12084380
(786) 302-5726
Source:
Lehmannflorida
Added: Sep 5
Changed: Oct 16
Last Checked: Oct 16 at 2:13PM
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
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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 718-square-foot retail unit includes a private restroom and a separate electric meter. Water service is included. The building was constructed in 1986.
The space is at 2991 W Commercial Boulevard, Unit 2991, in Fort Lauderdale. Uses identified for the unit include insurance, tax preparation, accounting, real estate and mortgage services, financial advising, immigration services, notary work, legal services, travel services, phone repair, chiropractic care, and physical therapy.
The space is at 2991 W Commercial Boulevard, Unit 2991, in Fort Lauderdale. Uses identified for the unit include insurance, tax preparation, accounting, real estate and mortgage services, financial advising, immigration services, notary work, legal services, travel services, phone repair, chiropractic care, and physical therapy.
Key Highlights
- 718 SF retail unit
- Private restroom
- Separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$379,988
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,599,760
$7.6M
Cap Rate 7%
$5,428,400
$5.4M
Cap Rate 9%
$4,222,089
$4.2M
Market Conditions
NOI Build-Up for 21,332 SF
Gross rent
$588.8K $27.60/SF
− Vacancy
−$45.9K −$2.15/SF
EGI
$542.8K $25.45/SF
− OpEx
−$162.9K −$7.63/SF
NOI
$380.0K $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%
$7,599,760
Cap Rate 7%
$5,428,400
Cap Rate 9%
$4,222,089
Alternative Uses
Best Use
Retail
$5.43M
$4.75M – $6.33M
NOI $379,988 @ 7.0% cap · market cap 1,461,492.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.34M
$12.54M – $16.72M
NOI $1,003,457 @ 7.0% cap · market cap 3,859,450.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 37%
Groceries 21%
Hotels & Casinos 2%
Winn-Dixie
Groceries
17,448 visits/mo
0.3 miles
Wendy's
Dining
14,912 visits/mo
0.5 miles
Pollo Tropical
Dining
13,113 visits/mo
0.2 miles
Mobil
Shops & Services
8,740 visits/mo
0.2 miles
Chevron
Shops & Services
8,018 visits/mo
0.2 miles
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 Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Retail space - The unit has a dedicated restroom, its own electric meter, and water service included.
Where is this retail space located?
The property is located at 2991 W Commercial Boulevard Unit 2991 Fort Lauderdale, FL.
What are key features of this property?
This property features: 718 SF retail unit; Private restroom; Separate electric meter
