Renovated Office Building Near
For Sale
$950,000
301 SE 20th St, Fort Lauderdale, FL 33316
Turn-key office building renovated in 2022, ready for occupancy.
Property Size1,400 SF
Price / SF$669.01
Days on Market280
Property Features for 301 SE 20th St
General Information
Standard status
Active
Size
1,400 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,400 SF
Year Built
1958
Listing Agency:
Berger Commercial Realty Corp - Fort Lauderdale
(954) 494-3091
Listed By:
Steve Hyatt · License #FL #BK411032
Source:
Corfac
Added: Nov 25, 2025
Changed: Aug 26
Last Checked: Aug 31 at 1:50PM
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 Berger Commercial Realty Corp - Fort Lauderdale
Investment Insights
Based on property information with market context.
The property features a 1,420 square foot free-standing office building. It is located south of downtown Fort Lauderdale, near Port Everglades and Fort Lauderdale-Hollywood International Airport. The building underwent a complete renovation in 2022, including a new roof, HVAC system, kitchen, and office area. The interior buildout is of high quality and ready for immediate occupancy. The property includes eight parking spaces, one of which is designated for handicap parking. The exterior windows are made of impact glass. The property has been meticulously maintained and requires no capital expenditures. It is conveniently located just south of downtown Fort Lauderdale off US 1/ Federal Highway, with easy access to I-595 and I-95.
Key Highlights
- Completely gut renovated in 2022 with new roof, HVAC, kitchen and office area, offering a modern, updated space.
- Turn‑key, immediate occupancy condition, eliminating downtime and renovation costs.
- Convenient location near downtown Fort Lauderdale, Port Everglades, and FLL 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
$40,794
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
4.29%
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%
$815,880
$815.9K
Cap Rate 7%
$582,771
$582.8K
Cap Rate 9%
$453,267
$453.3K
Market Conditions
NOI Build-Up for 1,420 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
$64.8K $45.60/SF
− Vacancy
−$10.4K −$7.30/SF
EGI
$54.4K $38.30/SF
− OpEx
−$13.6K −$9.58/SF
NOI
$40.8K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$815,880
Cap Rate 7%
$582,771
Cap Rate 9%
$453,267
Alternative Uses
Best Use
Office B
$582.8K
$509.9K – $679.9K
NOI $40,794 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$954.2K
$835.0K – $1.11M
NOI $66,797 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turn-key office building renovated in 2022, ready for occupancy.
Where is this office building located?
The property is located at 301 SE 20th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Completely gut renovated in 2022 with new roof, HVAC, kitchen and office area, offering a modern, updated space.; Turn‑key, immediate occupancy condition, eliminating downtime and renovation costs.; Convenient location near downtown Fort Lauderdale, Port Everglades, and FLL Airport.
