Second-Floor Mixed-Use
New
For Sale
Contact for pricing
3038 N FEDERAL Highway #E, Fort Lauderdale, FL 33306
The suite brings office and retail functions together within a shopping plaza.
Property Size2,066 SF
Price / SF$0.58
Days on Market3
Property Features for 3038 N FEDERAL Highway #E
General Information
Standard status
Active
Size
2,066 SF
Property subtype
Retail
Additional Details
Floor
2
Corner Location
Yes
Building Details
Year Built
1959
Listing Agency:
Pompano Beach Realty
(954) 505-6000
Listed By:
Alina L Pineda · License #3317528
(646) 932-0881
Source:
Lehmannflorida
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 Pompano Beach Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the second floor, this 2,066-square-foot office and retail suite is part of the Time Square shopping center. The building dates to 1959 and has impact-rated windows and doors.
The property is at the southeast corner of Oakland Park Boulevard and U.S. 1/Federal Highway. A rear alley provides access through the back door, and the site is near the beach, highway access, and residential areas.
The property is at the southeast corner of Oakland Park Boulevard and U.S. 1/Federal Highway. A rear alley provides access through the back door, and the site is near the beach, highway access, and residential areas.
Key Highlights
- 2,066‑square‑foot second‑floor office and retail suite
- Impact‑rated windows and doors
- Rear alley access through the back door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,703
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,060
$634.1K
Cap Rate 7%
$452,900
$452.9K
Cap Rate 9%
$352,256
$352.3K
Market Conditions
NOI Build-Up for 2,066 SF
Gross rent
$54.5K $26.40/SF
− Vacancy
−$3.8K −$1.85/SF
EGI
$50.7K $24.55/SF
− OpEx
−$19.0K −$9.21/SF
NOI
$31.7K $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 Rate 5%
$634,060
Cap Rate 7%
$452,900
Cap Rate 9%
$352,256
Alternative Uses
Best Use
Retail
$525.7K
$460.0K – $613.4K
NOI $36,802 @ 7.0% cap · market cap 3,066.83%
Second Best
Mixed Use
$452.9K
$396.3K – $528.4K
NOI $31,703 @ 7.0% cap · market cap 2,641.92%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,185 @ 7.0% cap · market cap 8,098.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
371k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 32%
Groceries 17%
Leisure 8%
Target
Superstores
124,273 visits/mo
0.2 miles
Publix
Groceries
47,167 visits/mo
0.3 miles
Chick-fil-A
Dining
44,956 visits/mo
0.3 miles
AMC Dine-In Coral Ridge 10
Leisure
30,446 visits/mo
0.3 miles
Pollo Tropical
Dining
19,290 visits/mo
0.3 miles
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - The suite brings office and retail functions together within a shopping plaza.
Where is this mixed-use property located?
The property is located at 3038 N FEDERAL Highway #E Fort Lauderdale, FL.
What are key features of this property?
This property features: 2,066‑square‑foot second‑floor office and retail suite; Impact‑rated windows and doors; Rear alley access through the back door
