Retail Suites with Direct Highway
For Sale
Contact for pricing
4 N Federal Hwy, Dania Beach, FL 33004
Five newly delivered retail suites offer direct frontage and flexible space, including food-and-beverage connectivity for select units.
Property Size13,743 SF
Price / SF$363.82
Days on Market71
Property Features for 4 N Federal Hwy
General Information
Standard status
Active
Size
13,743 SF
Class
A
Property subtype
Retail
Occupancy
43%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$216,000
Building Details
Year Built
2023
Units
5
Tenancy
Multi
Listing Agency:
Native Realty
(954) 595-2999
Listed By:
Jaime Sturgis · License #3246270
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 12 at 11:36AM
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 Native Realty
Investment Insights
Based on property information with market context.
A newly constructed mixed-use development delivers five ground-floor retail suites totaling 13,743 SF, completed in 2023. The retail level provides direct frontage along both Federal Highway and Dania Beach Boulevard, with two of the five suites currently leased and the remaining three available in shell condition. The development also includes a residential component above the retail, currently approximately 90% leased, and an attached Tru by Hilton hotel.
The storefront configuration places the retail beneath the large residential building, supporting consistent pedestrian exposure from two street frontages. With multiple suites available—leased space alongside shell-ready options—tenants and operators can right-size their footprint while benefiting from the property’s integrated mix of hotel and residential uses.
Food and beverage concepts are supported in select suites, as Suite 500 and Suite 600 include grease trap connectivity and venting. This mix of ready-to-operate and shell condition spaces makes the asset workable for restaurateurs seeking built-in utility provisions, as well as for service, retail, and other storefront operators looking for multiple suite opportunities within a single modern center.
The storefront configuration places the retail beneath the large residential building, supporting consistent pedestrian exposure from two street frontages. With multiple suites available—leased space alongside shell-ready options—tenants and operators can right-size their footprint while benefiting from the property’s integrated mix of hotel and residential uses.
Food and beverage concepts are supported in select suites, as Suite 500 and Suite 600 include grease trap connectivity and venting. This mix of ready-to-operate and shell condition spaces makes the asset workable for restaurateurs seeking built-in utility provisions, as well as for service, retail, and other storefront operators looking for multiple suite opportunities within a single modern center.
Key Highlights
- Five ground‑floor retail suites delivered in 2023 within a newly constructed mixed‑use development at 4 N Federal Hwy, Dania Beach, FL
- Direct frontage on Federal Highway and Dania Beach Boulevard plus a total of 13,743 SF of retail space
- Retail located beneath a 615,846 SF residential building currently ~90% leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$232,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,647,660
$4.6M
Cap Rate 7%
$3,319,757
$3.3M
Cap Rate 9%
$2,582,033
$2.6M
Market Conditions
NOI Build-Up for 13,743 SF
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.
Gross rent
$362.8K $26.40/SF
− Vacancy
−$30.8K −$2.24/SF
EGI
$332.0K $24.16/SF
− OpEx
−$99.6K −$7.25/SF
NOI
$232.4K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,647,660
Cap Rate 7%
$3,319,757
Cap Rate 9%
$2,582,033
Alternative Uses
Best Use
Retail
$3.32M
$2.90M – $3.87M
NOI $232,383 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.97M
$6.10M – $8.13M
NOI $488,068 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Five newly delivered retail suites offer direct frontage and flexible space, including food-and-beverage connectivity for select units.
Where is this retail space located?
The property is located at 4 N Federal Hwy Dania Beach, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Five ground‑floor retail suites delivered in 2023 within a newly constructed mixed‑use development at 4 N Federal Hwy, Dania Beach, FL; Direct frontage on Federal Highway and Dania Beach Boulevard plus a total of 13,743 SF of retail space; Retail located beneath a 615,846 SF residential building currently ~90% leased
