Freestanding Office Building For
For Sale
$1,295,000
3050 E Commercial Boulevard, Fort Lauderdale, FL 33308
Freestanding single-story office building in desirable commercial corridor.
Property Size2,519 SF
Price / SF$514.09
Days on Market127
Property Features for 3050 E Commercial Boulevard
General Information
Standard status
Active
Size
2,519 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$12,612
Building Details
Building Size
2,519 SF
Year Built
1976
Listing Agency:
American Realty & Invst Corp
(954) 224-9702
Listed By:
Richard W Waters Jr · License #3223213
(954) 224-9702
Source:
Pamandtoni
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 26 at 1:58PM
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 Realty & Invst Corp
Investment Insights
Based on property information with market context.
This freestanding, single-story office building, approximately 2,500 square feet, is located in a desirable commercial corridor of Fort Lauderdale. The property offers visibility and accessibility, making it suitable for professional offices, medical practices, legal firms, financial services, retail, or executive offices. The building features 10 ft ceilings throughout most of the space. Upgrades include a new roof planned for March 2025, accordion hurricane shutters, 400 AMP electrical service, and LED lighting. Additional features include two restrooms, a kitchen, an IT closet, and two HVAC systems, one 4-ton and one 5-ton. The current owner/tenant has occupied the space for almost 30 years. The location has a bike score of 49, indicating it is somewhat bikeable, a walk score of 43, indicating car-dependent, and a transit score of 33, indicating some transit options are available.
Key Highlights
- Prime investment or owner‑user opportunity in a desirable Fort Lauderdale commercial corridor.
- Freestanding, single‑story office building (approximately 2,500 sq ft) suitable for various professional uses.
- New roof installed in March 2025.
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
$72,366
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
5.59%
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%
$1,447,320
$1.4M
Cap Rate 7%
$1,033,800
$1.0M
Cap Rate 9%
$804,067
$804.1K
Market Conditions
NOI Build-Up for 2,519 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
$114.9K $45.60/SF
− Vacancy
−$18.4K −$7.30/SF
EGI
$96.5K $38.30/SF
− OpEx
−$24.1K −$9.58/SF
NOI
$72.4K $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%
$1,447,320
Cap Rate 7%
$1,033,800
Cap Rate 9%
$804,067
Alternative Uses
Best Use
Office B
$1.03M
$904.6K – $1.21M
NOI $72,366 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,494 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,909
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 building - Freestanding single-story office building in desirable commercial corridor.
Where is this office building located?
The property is located at 3050 E Commercial Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime investment or owner‑user opportunity in a desirable Fort Lauderdale commercial corridor.; Freestanding, single‑story office building (approximately 2,500 sq ft) suitable for various professional uses.; New roof installed in March 2025.
