Building Details

Building Size 1,405 SF

Year Built 2002

Stories 16

Listing Agency: Berkshire Hathaway HomeService

Listed By: Daniel Hellman · License #B26070425 Show Phone

Source: Laerrealty

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 6:14AM

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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 Berkshire Hathaway HomeService

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Investment Insights

Based on property information with market context.

Suite 319 is an approximately 1,500-square-foot office unit on the 3rd floor, configured for professional, medical, or wellness use. The interior includes a private treatment or consultation room, open fitness or work area, reception and workspace areas, and a private restroom with shower. The layout also allows for additional rooms to be created. Five parking spaces are included, and the suite is formed from three combined parcels.

Located at 3020 NE 32nd Avenue in Fort Lauderdale, the office has views of the Intracoastal Waterway and receives abundant natural light. The building was completed in 2002. Walk Score and Bike Score are both 62, while Transit Score is 38.

Key Highlights

• Approximately 1,500 square feet on the 3rd floor
• Intracoastal Waterway views with abundant natural light
• Configured for professional, medical, or wellness use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,196

Cap Rate

5.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$403,920 $403.9K

Cap Rate 7%

$288,514 $288.5K

Cap Rate 9%

$224,400 $224.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$36.0K $24.00/SF

− Vacancy

−$2.3K −$1.56/SF

EGI

$33.7K $22.44/SF

− OpEx

−$13.5K −$8.98/SF

NOI

$20.2K $13.46/SF

Area

Fort Lauderdale, FL

Vacancy

6.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$403,920

Cap Rate 7%

$288,514

Cap Rate 9%

$224,400

Alternative Uses

Best Use

Office B

$615.6K

$538.7K – $718.2K (±1% cap)

NOI $43,092 @ 7.0% cap · market cap 11.37%

Second Best

Healthcare Medical

$288.5K

$252.5K – $336.6K (±1% cap)

NOI $20,196 @ 7.0% cap · market cap 5.33%

Theoretical Best

Office A

$1.01M

$882.0K – $1.18M (±1% cap)

NOI $70,560 @ 7.0% cap · market cap 18.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Dr. Diane T. ... Dental Office The Tides at Bridgeside Square Condominium Complex Shula's Restaurants Corporate ... Corporate Office McKenna, McCausland & Murphy, ... Law Firm Robert W Sidweber ... Law Firm

Suggested Use

Top Pick Daycare Center Food Market Bakery Electrical Service Auto Parts Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11.8% 2019

14.7% 2020

17% 2021

17.5% 2022

17.6% 2023

15.2% 2024

15.9% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Third-floor professional suite offers a flexible wellness-oriented layout with a private restroom and shower.

Where is this office units located?

The property is located at 3020 NE 32nd Avenue #Ste 319 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: Approximately 1,500 square feet on the 3rd floor; Intracoastal Waterway views with abundant natural light; Configured for professional, medical, or wellness use