Two-Story Retail Office
For Sale
$975,000
3045 N Federal Hwy 50, Fort Lauderdale, FL 33306
Two-story retail/commercial building with a floor-to-ceiling glass facade, first-floor open layout, and enclosed second-floor offices.
Property Size1,777 SF
Days on Market35
Property Features for 3045 N Federal Hwy 50
General Information
Standard status
Active
Size
1,777 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
high ceilings
open floor plan
storage/kitchen area
private gated covered outdoor area
three offices/flex rooms
bathroom
shower
small sauna
floor-to-ceiling glass facade
abundant natural light
Building Details
Building Size
1,777 SF
Year Built
1985
Stories
2
Listing Agency:
American Marketing & Mgmnt.
(954) 304-6900
Listed By:
Patrick E McTigue · License #3077092
(954) 304-6900
Source:
Elliman
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 22 at 9:01AM
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 American Marketing & Mgmnt.
Investment Insights
Based on property information with market context.
This two-story retail/commercial building features a floor-to-ceiling glass facade designed to bring in natural light and visibility. The first floor includes high ceilings and an open floor plan, with a storage/kitchen area toward the back. A private, gated, and covered outdoor area is also available on the first level.
The second floor is configured with three offices/flex rooms, along with a bathroom, shower, and a small sauna. The property also offers ample on-site parking for both customers and staff.
Located just off Oakland Park Blvd and N. Federal Hwy, the building provides convenient access to major highways and public transportation. It is described as being in close proximity to national retailers, restaurants, and residential communities.
The second floor is configured with three offices/flex rooms, along with a bathroom, shower, and a small sauna. The property also offers ample on-site parking for both customers and staff.
Located just off Oakland Park Blvd and N. Federal Hwy, the building provides convenient access to major highways and public transportation. It is described as being in close proximity to national retailers, restaurants, and residential communities.
Key Highlights
- Two‑story retail/commercial building built in 1985
- Floor‑to‑ceiling glass facade designed for natural light and visibility
- First floor features a high ceiling and open layout with a storage/kitchen area off the back
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
$51,050
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
5.24%
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%
$1,021,000
$1.0M
Cap Rate 7%
$729,286
$729.3K
Cap Rate 9%
$567,222
$567.2K
Market Conditions
NOI Build-Up for 1,777 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
$81.0K $45.60/SF
− Vacancy
−$13.0K −$7.30/SF
EGI
$68.1K $38.30/SF
− OpEx
−$17.0K −$9.58/SF
NOI
$51.0K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,021,000
Cap Rate 7%
$729,286
Cap Rate 9%
$567,222
Alternative Uses
Best Use
Office B
$729.3K
$638.1K – $850.8K
NOI $51,050 @ 7.0% cap · market cap 5.24%
Second Best
Retail
$452.2K
$395.7K – $527.6K
NOI $31,654 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,590 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
Business Placement
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 Office in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail/commercial building with a floor-to-ceiling glass facade, first-floor open layout, and enclosed second-floor offices.
Where is this retail space located?
The property is located at 3045 N Federal Hwy 50 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑story retail/commercial building built in 1985; Floor‑to‑ceiling glass facade designed for natural light and visibility; First floor features a high ceiling and open layout with a storage/kitchen area off the back
