Vacant Industrial
For Sale
$1,395,000
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$298.20
Days on Market101
Property Features for 340 SW 21st Terrace
General Information
Standard status
Active
Size
4,678 SF
Property subtype
Commercial
Zoning
General Industrial
Site & Location
Neighborhood
Rlca
Highway Access
Yes
Additional Details
Asking Price
$1,475,000
Building Details
Building Size
4,678 SF
Year Built
1961
Buildings
1
Listed By:
Tye Ramirez · License #SL3640507 (FL)
(754) 285-0446
Source:
Matthews
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 28 at 4:42AM
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 Tye Ramirez
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$77,710
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
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
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 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 5.57%
Second Best
Industrial
$965.0K
$844.4K – $1.13M
NOI $67,548 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,053 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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 $1,395,000.
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
