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    Las Olas Blvd Concessionaire Space Title is generated by Realmo AI

    32 Las Olas Blvd, Fort Lauderdale, FL 33301

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    Prime location at Huizenga Park, high-traffic, turnkey setup.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 32 Las Olas Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 32 Las Olas Blvd Contact us

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    Listing Contact
    Jaime Sturgis
    Jaime Sturgis

    Listing agent Jaime Sturgis License #3246270

    Listing office Native Realty

    Listing date Mar 6, 2026

    Source Nativerealty

    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 Native Realty

    HighLights

    • Prime location at the entrance of the newly redeveloped Huizenga Park on Las Olas Boulevard, ensuring high visibility and foot traffic.
    • Turnkey setup with utility hookups and seating for 125+, ideal for established food brands and chefs.
    • Located in a thriving downtown hub surrounded by over $1 billion in redevelopment and key cultural landmarks.
    • Positioned along one of the city's busiest pedestrian corridors, offering a community‑focused setting.
    • Proximity to an array of dining, shopping, and entertainment options, including upscale boutiques and art galleries on Las Olas Boulevard.
    • Convenient access to major roadways and public transportation.

    Overview

    Located at the entrance of the newly redeveloped Huizenga Park on Las Olas Boulevard, this concessionaire space offers a leasing opportunity in Downtown Fort Lauderdale. Positioned along one of the city’s busiest pedestrian corridors, it is suitable for established food brands and chefs seeking a high-traffic, community-focused setting. The location includes utility hookups and seating for over 125 people, creating a turnkey setup for food vendors. The surrounding area is experiencing growth and energy, with over $1 billion in redevelopment and key cultural landmarks in a thriving downtown hub. The neighborhood offers an array of dining, shopping, and entertainment options within walking distance. Las Olas Boulevard, known for its upscale boutiques and art galleries, and the picturesque Riverwalk are nearby. The location provides an ideal setting for the modern office tenant seeking a dynamic and connected environment, with convenient access to major roadways and public transportation.
    Location Intelligence

    Current Use by Public Records

    Infinity Sound Electronics & Wireless Store Huizenga Plaza Park Water Jaki Parking Lot & Garage Caribbean Pridefest - Pride ... Music Venue

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Air Gourmet — 700 S Andrews Ave, Fort Lauderdale, FL 33316
    • Smokey Jays — 501 E Las Olas Blvd, Fort Lauderdale, FL 33301
    • Lone Star Drafts — 201 E Las Olas Blvd, Fort Lauderdale, FL 33301
    • Epicureans of Florida - Private Chef, Catering & Luxury Events — 4 W Las Olas Blvd Unit 1801, Fort Lauderdale, FL 33301
    • Folklore - Personal Chef — 300 se 2nd st suite 600, fort lauderdale, fl 33301

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1437
    Latitude
    26.1189

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    FAQs

    What type of property is this?
    Restaurant - Prime location at Huizenga Park, high-traffic, turnkey setup.
    Where is this restaurant located?
    The property is located at 32 Las Olas Blvd Fort Lauderdale, FL.
    What are key features of this property?
    This property features: Prime location at the entrance of the newly redeveloped Huizenga Park on Las Olas Boulevard, ensuring high visibility and foot traffic.; Turnkey setup with utility hookups and seating for 125+, ideal for established food brands and chefs.; Located in a thriving downtown hub surrounded by over $1 billion in redevelopment and key cultural landmarks.
    (954) 595-2999
    We can help!
    Listing Contact
    Jaime Sturgis
    Jaime Sturgis
    Real Estate License ID: 3246270
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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