First-Floor Office
For Sale
$200,000
3015 Ocean Boulevard, Fort Lauderdale, FL 33308
First-floor office within a mixed-use commercial and residential building, with covered parking and internet included through HOA.
Property Size952 SF
Price / SF$210.08
Days on Market21
Property Features for 3015 Ocean Boulevard
General Information
Standard status
Active
Size
952 SF
Total Parking Spaces
1
Property subtype
General Commercial
Additional Details
Floor
First Floor
Taxes and HOA fees
Annual Taxes
$3,857
Amenities
cable
internet
1 Parking Spaces.
Building Details
Year Built
1974
Listing Agency:
Century 21 LUXE HOMES
(954) 573-8888
Listed By:
Stela Leite · License #B26059081
(954) 573-8888
Source:
Xome
Added: Jul 23
Changed: Aug 12
Last Checked: Aug 12 at 4:26AM
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 office unit occupies the first floor of a mixed-use building containing commercial and residential components. The space includes impact-rated doors and windows, along with cable service and internet provided through the HOA. One covered parking space is included with the unit.
The property is located at 3015 Ocean Boulevard in Fort Lauderdale, placing the office along a beachside boulevard near the ocean. Constructed in 1974, the building offers a setting suited to professional office operations within an established mixed-use property.
The property is located at 3015 Ocean Boulevard in Fort Lauderdale, placing the office along a beachside boulevard near the ocean. Constructed in 1974, the building offers a setting suited to professional office operations within an established mixed-use property.
Key Highlights
- First‑floor office unit in a mixed‑use commercial and residential building
- Impact doors and windows
- Cable and internet included through 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
Current Use
Location Intelligence
Trade Area within ½ mile
1,842
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 - First-floor office within a mixed-use commercial and residential building, with covered parking and internet included through HOA.
Where is this office units located?
The property is located at 3015 Ocean Boulevard 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: First‑floor office unit in a mixed‑use commercial and residential building; Impact doors and windows; Cable and internet included through HOA
