Multi-Use Retail
For Sale
$1,998,000
3418 N Ocean Blvd, Fort Lauderdale, FL 33308
Entire building is available and can be divided to 1,650 SF per floor under a triple-net lease structure.
Property Size3,150 SF
Price / SF$634.29
Days on Market182
Property Features for 3418 N Ocean Blvd
General Information
Standard status
Active
Size
3,150 SF
Lease Type
NNN
Building Details
Year Built
1982
Listing Agency:
Castillo & Associates Real Estate, Inc
Listed By:
Maydelin Castillo Florez · License #3251567
(305) 778-5383
Source:
Mymiahomes
Added: Apr 24
Changed: Oct 4
Last Checked: Oct 7 at 5:44PM
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 Castillo & Associates Real Estate, Inc
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Investment Insights
Based on property information with market context.
This multi-use retail building is being offered with the entire building available for occupancy. The space can also be divided to approximately 1,650 SF per floor, supporting flexible layouts for a range of storefront concepts. The offering is structured as a triple-net lease.
The property is described as being within walking distance of the beach. Walk and bike accessibility are supported by a Walk Score of 76 and a Bike Score of 83, with a Transit Score of 34 indicating some transit options.
Designed for commercial retail and service use, the listing highlights adaptability for restaurant, coffee bar, retail store, and smoke shop operations within the available floor-by-floor configuration.
The property is described as being within walking distance of the beach. Walk and bike accessibility are supported by a Walk Score of 76 and a Bike Score of 83, with a Transit Score of 34 indicating some transit options.
Designed for commercial retail and service use, the listing highlights adaptability for restaurant, coffee bar, retail store, and smoke shop operations within the available floor-by-floor configuration.
Key Highlights
- Entire building available for lease
- Divisible to 1,650 SF per floor
- Triple net (NNN) lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,413
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,260
$1.3M
Cap Rate 7%
$905,900
$905.9K
Cap Rate 9%
$704,589
$704.6K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$90.7K $28.80/SF
− Vacancy
−$6.2K −$1.96/SF
EGI
$84.6K $26.84/SF
− OpEx
−$21.1K −$6.71/SF
NOI
$63.4K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,260
Cap Rate 7%
$905,900
Cap Rate 9%
$704,589
Alternative Uses
Best Use
Specialty Retail
$905.9K
$792.7K – $1.06M
NOI $63,413 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,176 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
68k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 25%
Dining 24%
Hotels & Casinos 5%
Speedway
Shops & Services
25,545 visits/mo
0.2 miles
Winn-Dixie
Groceries
16,874 visits/mo
0.3 miles
McDonald's
Dining
11,765 visits/mo
0.5 miles
Dunkin' Donuts
Dining
3,953 visits/mo
0.4 miles
Residence Inn by Marriott
Hotels & Casinos
3,375 visits/mo
0.2 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Similar Off Market Nearby
- Tables on the intracoastal — 3033 NE 32nd Ave, Fort Lauderdale, FL 33308
- La Bottega Caffè — 3101 Bayview Dr, Fort Lauderdale, FL 33306
- Luxury Coffee — 201 C, 2817 E Oakland Park Blvd, Fort Lauderdale, FL 33306
- Awa Na Kava — 2762A E Oakland Park Blvd, Fort Lauderdale, FL 33306
- Morena Peruvian Cafe — 3209 N Ocean Blvd, Fort Lauderdale, FL 33308
Frequently Asked Questions
What type of property is this?
Coffee shop - Entire building is available and can be divided to 1,650 SF per floor under a triple-net lease structure.
Where is this coffee shop located?
The property is located at 3418 N Ocean Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Entire building available for lease; Divisible to 1,650 SF per floor; Triple net (NNN) lease structure
