Plantation Retail Investment
3870-3890 Southwest 2nd Court Fort Lauderdale, FL 33312
3870-3890 Southwest 2nd Court, Fort Lauderdale, FL, 33312
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For Sale
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Multi-tenant retail property in Plantation, Florida with income potential.
Property Size4,056 SF
Price / SF$246.55
Days on Market53
Property Features for 3870-3890 Southwest 2nd Court
General Information
- Standard status
- Active
- Size
- 4,056 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing Agency
CMV Realty LLC
Listed by
Gus Martinez PA · License #3033300
Source
Crexi
Added: May 26 Checked: Jul 15 at 8:16 pm
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 CMV Realty LLC
Investment Insights
Based on property information with market context.
Located in the east end of Plantation, Florida, the property at 3870–3890 SW 2nd Court presents an opportunity to acquire a multi-tenant retail investment. Situated on a visible corner parcel within an established neighborhood retail corridor, this property consists of approximately 4,056 square feet. The asset benefits from frontage along SW 2nd Court and SW 38th Terrace, providing accessibility and customer parking. Configured for multiple tenants, the property offers diversified income potential and flexibility for future leasing strategies. The property generates approximately $80,930 in annual gross income. Surrounded by dense residential neighborhoods and established local businesses, the property benefits from consistent neighborhood traffic and demand for service-oriented retail and professional uses. Its location in central Broward County provides proximity to major transportation corridors including Interstate 95, Interstate 595, and Florida’s Turnpike. The site’s corner positioning, accessibility, and functional layout create a desirable neighborhood retail environment. This offering is suited for private investors, owner-users, and 1031 exchange buyers seeking a retail asset with in-place income and future upside in South Florida.
Key Highlights
- Stabilized income‑producing asset with approximately $80,930 in annual gross income.
- Located in the desirable East end of Plantation, Florida, a strong Broward County submarket.
- Visible corner parcel with frontage on SW 2nd Court and SW 38th Terrace, offering excellent accessibility and convenient customer parking.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.9k | $27.60 |
| − Vacancy | −$8.7k | −$2.15 |
| EGI | $103.2k | $25.45 |
| − OpEx | −$31.0k | −$7.63 |
| NOI | $72.2k | $17.81 |
4,056 SF · lease $27.60/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$903.1K – $1.20M
NOI $72,250 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.38M – $3.18M
NOI $190,794 @ 7.0% cap · market cap 19.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-tenant retail property in Plantation, Florida with income potential.
Where is this retail space located?
The property is located at 3870-3890 Southwest 2nd Court Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Stabilized income‑producing asset with approximately $80,930 in annual gross income.; Located in the desirable East end of Plantation, Florida, a strong Broward County submarket.; Visible corner parcel with frontage on SW 2nd Court and SW 38th Terrace, offering excellent accessibility and convenient customer parking.
