Spa and Wellness Property with
3433 Galt Ocean Dr, Fort Lauderdale, FL 33308
For Sale
New
$1,150,000
CB zoning lists medical, wellness, personal-care, office, restaurant, and retail uses among permitted categories.
Property Size3,306 SF
Days on Market4
Property Features for 3433 Galt Ocean Dr
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Additional Details
Condition
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
COAST
Listed By:
Shane Zvulun · License FL A11996482
(818) 451-6720
Source:
Elliman
Added: Nov 6
Last Checked: Nov 8 at 6:33AM
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 COAST
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding, two-level property has a spa layout on the ground floor, including three private treatment rooms, reception, a lounge, and two restrooms. The upper level is an open loft with exposed trusses and a balcony. It has a separate entrance at 3431 Galt Ocean Drive, allowing the floors to be used together or independently. The building dates to 1967.
At 3433 Galt Ocean Drive in Fort Lauderdale, the storefront faces Southpoint’s twin 22-story towers at 3400–3410 Galt Ocean Drive. The property is across from approximately 400 condominium units and is within the Galt Mile, which has roughly 4,500 homes and more than 7,200 residents. Front-door parking, municipal lots along Galt Ocean Drive, and Broward County bus routes 11, 55, and 72 within 0.2 miles serve the area.
CB – Community Business zoning lists medical clinics, medical and dental offices, massage therapists, health and fitness centers, hair and nail salons, professional offices, restaurants, and retail among permitted uses.
At 3433 Galt Ocean Drive in Fort Lauderdale, the storefront faces Southpoint’s twin 22-story towers at 3400–3410 Galt Ocean Drive. The property is across from approximately 400 condominium units and is within the Galt Mile, which has roughly 4,500 homes and more than 7,200 residents. Front-door parking, municipal lots along Galt Ocean Drive, and Broward County bus routes 11, 55, and 72 within 0.2 miles serve the area.
CB – Community Business zoning lists medical clinics, medical and dental offices, massage therapists, health and fitness centers, hair and nail salons, professional offices, restaurants, and retail among permitted uses.
Key Highlights
- Two‑level freestanding building with a ground‑floor spa layout and separate upper‑level loft
- Three private treatment rooms, reception, lounge, and two restrooms
- Upper floor features an open loft, exposed trusses, a balcony, and a separate entrance at 3431 Galt Ocean Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,975
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,500
$1.9M
Cap Rate 7%
$1,356,786
$1.4M
Cap Rate 9%
$1,055,278
$1.1M
Market Conditions
NOI Build-Up for 3,306 SF
Gross rent
$150.8K $45.60/SF
− Vacancy
−$24.1K −$7.30/SF
EGI
$126.6K $38.30/SF
− OpEx
−$31.7K −$9.58/SF
NOI
$95.0K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,500
Cap Rate 7%
$1,356,786
Cap Rate 9%
$1,055,278
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,975 @ 7.0% cap · market cap 8.26%
Second Best
Healthcare Medical
$635.9K
$556.4K – $741.9K
NOI $44,512 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,514 @ 7.0% cap · market cap 13.52%
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
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
$536,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Spa & wellness properties in Broward County, FL
Properties on Market for Spa & wellness properties in Broward County
Vacancy Rate% for Office in Fort Lauderdale, FL
Similar Off Market Nearby
- Nirvana Ageless — 3015 N Ocean Blvd STE C109A, Fort Lauderdale, FL 33308
- Song Acupuncture 31 — 2717 E Oakland Park Blvd # 201, Fort Lauderdale, FL 33306
- Fort Lauderdale Therapeutic Massage — 2630 E Oakland Park Blvd, Fort Lauderdale, FL 33306
- Expand and Renew — 2630 E Oakland Park Blvd, Fort Lauderdale, FL 33306
- Integrated Wellness of Florida — 2631 E Oakland Park Blvd STE 101, Fort Lauderdale, FL 33306
Frequently Asked Questions
What type of property is this?
Spa & wellness property - CB zoning lists medical, wellness, personal-care, office, restaurant, and retail uses among permitted categories.
Where is this spa & wellness property located?
The property is located at 3433 Galt Ocean Dr Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑level freestanding building with a ground‑floor spa layout and separate upper‑level loft; Three private treatment rooms, reception, lounge, and two restrooms; Upper floor features an open loft, exposed trusses, a balcony, and a separate entrance at 3431 Galt Ocean Drive
