Two-Story Mixed-Use
For Sale
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3520 W Broward Blvd, Fort Lauderdale, FL 33312
Retail and professional office property with 21 tenants and a long-standing State of Florida Department of Corrections presence.
Property Size25,482 SF
Lot Size1.35 Acres
Price / SF$173.65
Days on Market263
Property Features for 3520 W Broward Blvd
General Information
Standard status
Active
Size
25,482 SF
Lot size
1.35 Acres
Property subtype
Retail, Office
Occupancy
96%
Investment Type
Value Add
Net Operating Income
$320,135
Site & Location
Anchor Co-Tenants
State of Florida Department of Corrections
Traffic Count
46,500 vehicles/day
Building Details
Year Built
1968
Stories
2
Tenancy
Multi
Listing Agency:
Vero Capital Group
Listed By:
Charles Moody · License #BK3404499
Source:
Crexi
Added: Jan 26
Changed: Oct 8
Last Checked: Oct 16 at 6:18AM
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 Vero Capital Group
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Investment Insights
Based on property information with market context.
Kingston Plaza is a two-story commercial center combining retail and professional office space in a 25,482-square-foot building with 22,861 rentable square feet. The property occupies 1.35 acres, was built in 1968, and is 96.52% leased across 21 tenants. The State of Florida Department of Corrections occupies roughly 30% of the building and has remained at the site for over three decades.
The center fronts W Broward Boulevard, designated FL-842, a major Fort Lauderdale commercial corridor with traffic exceeding 46,500 vehicles per day. Its address at 3520 W Broward Blvd places the property near Downtown Fort Lauderdale, I-95, and the Florida Turnpike.
The center fronts W Broward Boulevard, designated FL-842, a major Fort Lauderdale commercial corridor with traffic exceeding 46,500 vehicles per day. Its address at 3520 W Broward Blvd places the property near Downtown Fort Lauderdale, I-95, and the Florida Turnpike.
Key Highlights
- 25,482‑square‑foot building with 22,861 rentable square feet on 1.35 acres
- 96.52% leased across 21 tenants
- State of Florida Department of Corrections occupies roughly 30% of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$391,021
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,820,420
$7.8M
Cap Rate 7%
$5,586,014
$5.6M
Cap Rate 9%
$4,344,678
$4.3M
Market Conditions
NOI Build-Up for 25,482 SF
Gross rent
$672.7K $26.40/SF
− Vacancy
−$47.1K −$1.85/SF
EGI
$625.6K $24.55/SF
− OpEx
−$234.6K −$9.21/SF
NOI
$391.0K $15.34/SF
Area
Fort Lauderdale, FL
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,820,420
Cap Rate 7%
$5,586,014
Cap Rate 9%
$4,344,678
Alternative Uses
Best Use
Office B
$10.46M
$9.15M – $12.20M
NOI $732,047 @ 7.0% cap · market cap 16.54%
Second Best
Retail
$6.48M
$5.67M – $7.57M
NOI $453,912 @ 7.0% cap · market cap 10.26%
Theoretical Best
Office A
$17.12M
$14.98M – $19.98M
NOI $1,198,673 @ 7.0% cap · market cap 27.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
46,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,418
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
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and professional office property with 21 tenants and a long-standing State of Florida Department of Corrections presence.
Where is this mixed-use property located?
The property is located at 3520 W Broward Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,425,000.
What are key features of this property?
This property features: 25,482‑square‑foot building with 22,861 rentable square feet on 1.35 acres; 96.52% leased across 21 tenants; State of Florida Department of Corrections occupies roughly 30% of the building
