Vacant Industrial
For Sale
Contact for pricing
340 SW 21st Terrace, Fort Lauderdale, FL 33312
Vacant industrial facility with I zoning and access to major regional highways and Fort Lauderdale–Hollywood International Airport.
Property Size4,678 SF
Price / SF$315.31
Days on Market153
Property Features for 340 SW 21st Terrace
General Information
Standard status
Active
Size
4,678 SF
Class
C
Property subtype
Industrial
Zoning
I
Additional Details
Asking Price
$1,475,000
Highway Access
Yes
Building Details
Year Built
1961
Buildings
1
Stories
1
Building Size
4,678 SF
Listing Agency:
Matthews
Listed By:
Michael Buonadonna · License #SL3531894
Source:
Crexi
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 12:30AM
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 Matthews
Investment Insights
Based on property information with market context.
This 4,678-square-foot industrial building was constructed in 1961 and is currently vacant. The property carries I zoning, which permits warehousing, distribution, and light manufacturing uses as identified in the property information.
The facility is in Fort Lauderdale, with access to I-95, I-595, and Fort Lauderdale–Hollywood International Airport. Its vacant status provides flexibility for an owner-user or an investor evaluating industrial occupancy and use options.
The facility is in Fort Lauderdale, with access to I-95, I-595, and Fort Lauderdale–Hollywood International Airport. Its vacant status provides flexibility for an owner-user or an investor evaluating industrial occupancy and use options.
Key Highlights
- 4,678 SF industrial building
- 100% vacant at delivery
- I zoning allows warehousing, distribution, and light manufacturing
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
$77,710
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
5.27%
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%
$1,554,200
$1.6M
Cap Rate 7%
$1,110,143
$1.1M
Cap Rate 9%
$863,444
$863.4K
Market Conditions
NOI Build-Up for 4,678 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
$95.4K $20.40/SF
− Vacancy
−$4.0K −$0.86/SF
EGI
$91.4K $19.54/SF
− OpEx
−$13.7K −$2.93/SF
NOI
$77.7K $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 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%
$1,554,200
Cap Rate 7%
$1,110,143
Cap Rate 9%
$863,444
Alternative Uses
Best Use
Warehouse
$1.11M
$971.4K – $1.30M
NOI $77,710 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$965.0K
$844.4K – $1.13M
NOI $67,548 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,053 @ 7.0% cap · market cap 14.92%
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
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Vacant industrial facility with I zoning and access to major regional highways and Fort Lauderdale–Hollywood International Airport.
Where is this industrial property located?
The property is located at 340 SW 21st Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,678 SF industrial building; 100% vacant at delivery; I zoning allows warehousing, distribution, and light manufacturing
