Renovated First-Floor Office
For Sale
$200,000
3015 N Ocean Boulevard #C106, Fort Lauderdale, FL 33308
Professional workspace in a mixed-use building with impact-rated openings, included internet, and covered parking.
Property Size952 SF
Price / SF$210.08
Days on Market8
Property Features for 3015 N Ocean Boulevard #C106
General Information
Standard status
Active
Size
952 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Floor
1
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,857
Amenities
cable
internet included in HOA
Central air
Central Air Cooling
Central Heating
Concrete Roof
Other Roof
Tile Flooring
Volts110
Building Details
Year Built
1974
Listing Agency:
CENTURY 21 LUXE HOMES
(954) 573-8888
Listed By:
STELA LEITE · License #B26059081
Source:
Corcoran
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 11 at 6:45AM
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 CENTURY 21 LUXE HOMES
Investment Insights
Based on property information with market context.
This first-floor office unit occupies part of a mixed-use commercial and residential building at 3015 N Ocean Boulevard in Fort Lauderdale. The layout includes four renovated offices, providing a defined professional setting within the building. Impact doors and windows, cable, and internet through the HOA are among the existing features. The property was built in 1974 and includes one covered parking space. Positioned along N Ocean Boulevard, the office has a beachside setting with convenient access to the surrounding boulevard environment. A button desk is also included with the space.
Key Highlights
- Four renovated offices on the first floor
- Impact doors and windows
- Cable and internet included through the HOA
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
$14,608
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
7.30%
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%
$292,160
$292.2K
Cap Rate 7%
$208,686
$208.7K
Cap Rate 9%
$162,311
$162.3K
Market Conditions
NOI Build-Up for 952 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
$25.1K $26.40/SF
− Vacancy
−$1.8K −$1.85/SF
EGI
$23.4K $24.55/SF
− OpEx
−$8.8K −$9.21/SF
NOI
$14.6K $15.34/SF
Area
Fort Lauderdale, FL
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
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%
$292,160
Cap Rate 7%
$208,686
Cap Rate 9%
$162,311
Alternative Uses
Best Use
Office B
$390.7K
$341.9K – $455.8K
NOI $27,349 @ 7.0% cap · market cap 13.67%
Second Best
Mixed Use
$208.7K
$182.6K – $243.5K
NOI $14,608 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 22.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
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 units - Professional workspace in a mixed-use building with impact-rated openings, included internet, and covered parking.
Where is this office units located?
The property is located at 3015 N Ocean Boulevard #C106 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Four renovated offices on the first floor; Impact doors and windows; Cable and internet included through the HOA
