Warehouse Condo With
For Sale
$885,000
3321 S Andrews Avenue 21, Fort Lauderdale, FL 33316
B-3-zoned warehouse unit with office, storage, and upgraded utility features.
Property Size2,000 SF
Price / SF$442.50
Days on Market71
Property Features for 3321 S Andrews Avenue 21
General Information
Standard status
Active
Size
2,000 SF
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Building Details
Year Built
2004
Listing Agency:
Florida Market Realtors
Listed By:
Elizabeth Barbara Hernandez · License #3270149
(954) 804-1104
Source:
Thepennteam
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 7 at 5:10PM
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 Florida Market Realtors
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Investment Insights
Based on property information with market context.
This warehouse condo, built in 2004, combines functional storage and office improvements within a professionally managed complex. The unit includes high ceilings, a 12+ foot electric garage door, separate glass entry, kitchenette with refrigerator, remodeled bathroom, rear emergency exit, epoxy flooring, and a second-floor mezzanine with laminate flooring. The mezzanine provides additional office or storage space, while the unit also features a new air conditioner, alarm system, and weatherproofed and insulated garage access. The property is currently used for personal storage.
The complex is positioned near SR84, Hollywood-Fort Lauderdale International Airport, and major roadways and interstates. The property carries B-3 zoning. The 2026 new roof assessment is paid and completed, and the complex has long-term owners and tenants under off-site management.
The complex is positioned near SR84, Hollywood-Fort Lauderdale International Airport, and major roadways and interstates. The property carries B-3 zoning. The 2026 new roof assessment is paid and completed, and the complex has long-term owners and tenants under off-site management.
Key Highlights
- Warehouse condo with second‑floor mezzanine for office or storage
- 12+ foot weatherproofed and insulated electric garage door
- New air conditioner, alarm system, epoxy floors, and remodeled bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,223
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,460
$664.5K
Cap Rate 7%
$474,614
$474.6K
Cap Rate 9%
$369,144
$369.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$40.8K $20.40/SF
− Vacancy
−$1.7K −$0.86/SF
EGI
$39.1K $19.54/SF
− OpEx
−$5.9K −$2.93/SF
NOI
$33.2K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,460
Cap Rate 7%
$474,614
Cap Rate 9%
$369,144
Alternative Uses
Best Use
Warehouse
$474.6K
$415.3K – $553.7K
NOI $33,223 @ 7.0% cap · market cap 3.75%
Second Best
Flex RnD
$440.9K
$385.8K – $514.3K
NOI $30,860 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,080 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Our Family Moving and Storage LLC — 940 Eller Dr Bay 4, Fort Lauderdale, FL 33316
- Moving Mania INC — 271 SW 33rd Ct Bay 3, Fort Lauderdale, FL 33315
- Bellissima Luxury Fine Art & Services — 3340 SE 6th Ave B, Fort Lauderdale, FL 33316
- Robovault — 3340 SE 6th Ave, Fort Lauderdale, FL 33316
Frequently Asked Questions
What type of property is this?
Warehouse - B-3-zoned warehouse unit with office, storage, and upgraded utility features.
Where is this warehouse located?
The property is located at 3321 S Andrews Avenue 21 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Warehouse condo with second‑floor mezzanine for office or storage; 12+ foot weatherproofed and insulated electric garage door; New air conditioner, alarm system, epoxy floors, and remodeled bathroom
