Corner Storefront on Commercial
For Sale
Contact for pricing
3007 W Commercial Blvd # 101, Fort Lauderdale, FL 33309
First-floor retail space with high traffic and versatile B-1 zoning.
Property Size1,000 SF
Price / SF$379
Days on Market616
Property Features for 3007 W Commercial Blvd # 101
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Retail
Building Details
Year Built
2006
Listing Agency:
Total R E Consultants Inc
(954) 341-3294
Listed By:
Joe Pelayo, CCIM, SIOR, CIPS · License #3005451
Source:
Crexi
Added: Dec 4, 2024
Changed: Aug 12
Last Checked: Aug 12 at 8:14AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
This first-floor corner storefront is available for sale, featuring frontage on Commercial Boulevard. The location benefits from an annual average daily traffic count of 55,000 vehicles. Zoned B-1, the unit is suitable for a variety of businesses, including retail storefronts. The building currently houses a law office and a beauty supply store, among others. The current layout is configured as a restaurant/café but can be reconfigured to suit different needs. Parking is available in both the front and rear of the building. The property is located minutes from Fort Lauderdale Executive Airport and offers convenient access to I-95 and Florida’s Turnpike, making it easily accessible for both customers and employees.
Key Highlights
- High traffic location: 55,000 vehicles daily on Commercial Blvd.
- B‑1 zoning suitable for a variety of businesses, including retail.
- Easily accessible location near I‑95, Florida's Turnpike, and Fort Lauderdale Executive Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,260
$356.3K
Cap Rate 7%
$254,471
$254.5K
Cap Rate 9%
$197,922
$197.9K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$27.6K $27.60/SF
− Vacancy
−$2.2K −$2.15/SF
EGI
$25.4K $25.45/SF
− OpEx
−$7.6K −$7.63/SF
NOI
$17.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,260
Cap Rate 7%
$254,471
Cap Rate 9%
$197,922
Alternative Uses
Best Use
Retail
$254.5K
$222.7K – $296.9K
NOI $17,813 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 1800flowers — 5350 NW 35th Terrace, Fort Lauderdale, FL 33309
Frequently Asked Questions
What type of property is this?
Storefront property - First-floor retail space with high traffic and versatile B-1 zoning.
Where is this storefront property located?
The property is located at 3007 W Commercial Blvd # 101 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: High traffic location: 55,000 vehicles daily on Commercial Blvd.; B‑1 zoning suitable for a variety of businesses, including retail.; Easily accessible location near I‑95, Florida's Turnpike, and Fort Lauderdale Executive Airport.
