Renovated First-Floor Office
For Sale
$200,000
3015 N Ocean Boulevard Unit C106, Fort Lauderdale, FL 33308
Mixed-use building setting includes covered parking and HOA-provided internet.
Property Size1,000 SF
Price / SF$200
Days on Market13
Property Features for 3015 N Ocean Boulevard Unit C106
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
1
Property subtype
Mixed Use
Additional Details
Floor
1
Amenities
Acres: 2.3945, Features: Other Location, Shopping Center, 2 To Less Than 3 Acre Lot
Roof: Other Roof/Roof Structure, Concrete, Other
Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
Parcel Number: 494330cb2050, Tax Annual Amount: $3,856, Tax Legal Description: BERKLEY SOUTH CONDO COMMERCIAL UNIT C106 PER AMCDO BK/PG: 10215/980, Tax Year: 2025
Flooring: Tile
Cooling: Central Individual A/C
Heating: Central Individual A/C
Business Type: Barber/Beauty, Business, Personal/Consumer Service, Mobile/Trailer Park, Professional Service, Consumer Service, Mall Enclosed, Office/Warehouse Combination, Office Space, Professional, Shopping Center, Strip Store, Number Of Units Total: 1, Special Listing Conditions: Sale, Standard Status: Active
Parking Total: 1, Features: No Rv/Boats
Construction Materials: Concrete Block Construction, Stories: 1, Year Built: 1974, Year Built Details: Resale, Building Area Total: 952, Building Features: Medium Traffic, Structure Type: Commercial Condo, Commercial, Office/Retail, Office, Professional, Shopping Center
County Or Parish: Broward County, Unit Number: C106
Leasable Area Units: Square Feet, Leasable Area: 952
Features: Paved Road, Units In Community: 1
Electric On Property YN: t, Electric: 110 Volts Power, Other Electric, Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Possession: Funding, Long Closing Preferred, Negotiable
Inclusions: Land Only, Business; Building And Land
Water Source: Public
Road Frontage Type: City Street, Paved Road, City, Road Surface Type: Paved Road, Paved
Features: None
Features: Other Fire Protection, Security System, Lobby Secured, Other
Fee: $1,191, Fee Frequency: Monthly
Building Details
Year Built
1974
Listing Agency:
Century 21 LUXE HOMES
(954) 573-8888
Listed By:
Stela Leite · License #3085829
(954) 573-8888
Source:
Riserealty
Added: Aug 1
Changed: Aug 12
Last Checked: Aug 12 at 5:45AM
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 1,000-square-foot office unit occupies the first floor of a mixed-use building with both commercial and residential components. The layout includes four renovated offices, while current impact-resistant doors and windows provide an updated physical package. Cable service, internet through the HOA, one covered parking space, and a button desk are included features.
Located at 3015 N Ocean Boulevard, Unit C106, the property sits along Fort Lauderdale’s N Ocean Boulevard near the Ocean. The building was constructed in 1974, and the office’s position within the building provides a defined commercial setting within a mixed-use environment.
Located at 3015 N Ocean Boulevard, Unit C106, the property sits along Fort Lauderdale’s N Ocean Boulevard near the Ocean. The building was constructed in 1974, and the office’s position within the building provides a defined commercial setting within a mixed-use environment.
Key Highlights
- 1,000‑square‑foot first‑floor office unit
- Four renovated offices within the suite
- Current impact doors and windows
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
$15,345
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
7.67%
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%
$306,900
$306.9K
Cap Rate 7%
$219,214
$219.2K
Cap Rate 9%
$170,500
$170.5K
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
$26.4K $26.40/SF
− Vacancy
−$1.8K −$1.85/SF
EGI
$24.6K $24.55/SF
− OpEx
−$9.2K −$9.21/SF
NOI
$15.3K $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%
$306,900
Cap Rate 7%
$219,214
Cap Rate 9%
$170,500
Alternative Uses
Best Use
Office B
$410.4K
$359.1K – $478.8K
NOI $28,728 @ 7.0% cap · market cap 14.36%
Second Best
Mixed Use
$219.2K
$191.8K – $255.8K
NOI $15,345 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 23.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Mixed-use building setting includes covered parking and HOA-provided internet.
Where is this office units located?
The property is located at 3015 N Ocean Boulevard Unit 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: 1,000‑square‑foot first‑floor office unit; Four renovated offices within the suite; Current impact doors and windows
