Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dania Beach Development Opportunity Title is generated by Realmo AI

    400 1st St, Dania Beach, FL 33004

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land in Dania Beach zoned for 9-12 story development.

    Type:Land
    Added:
    Feb 10, 2024
    Days on Market:
    847
    Last Refresh:
    May 13 at 8:21 pm

    Property Features for 400 1st St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Joe Pelayo, CCIM, SIOR, CIPS

    Listing agent Joe Pelayo, CCIM, SIOR, CIPS License #3005451

    Listing office Total R E Consultants Inc

    Listing date Feb 10, 2024

    Source Crexi

    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 Total R E Consultants Inc

    HighLights

    • Zoned CC (City Center District) allowing for a variety of development opportunities.
    • City allows for high‑rise development of 9‑12 stories.
    • Prime development opportunity in Dania Beach.
    • Consists of two addresses: 400 NW 1st St and 104 NW 5th Ave.
    • Excellent location.
    • Ideal for investors

    Overview

    This listing presents a development opportunity in Dania Beach, Florida. The location is zoned CC, or City Center District, which allows for a variety of opportunities. The city permits development of 9 to 12 stories. The listing includes two addresses: 400 NW 1st St and 104 NW 5th Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joe's Tires Auto Parts Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dania Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1463583
    Latitude
    26.0541732

    Nearby Similar for Sale

    • $900,000
      2,054 SF

      Commercial Building on Sheridan Street

      Free-standing commercial building with high traffic exposure.
      220 SW 16th Street, Dania Beach, FL 33004
      View Details
    • $769,000
      2,362 SF

      Triplex with Dual Street Access

      Income triplex with one renovated unit, unused outdoor space, and dual access off two streets on a sizable lot.
      4265 SW 51st Street, Dania Beach, FL 33314
      View Details
    • $2,198,000
      6,012 SF

      Dania Beach Multifamily Investment Opportunity

      Two updated duplexes on nearly 3/4 acre in Dania Beach.
      4065 SW 51st Street, Dania Beach, FL 33314
      View Details
    • $2,990,000

      Turn-Key 20-Room Hotel Property

      Fully operational, single-story hotel with on-site parking and 20 guest rooms, offering immediate hospitality operation capability.
      1290 S Federal Hwy, Dania Beach, FL 33004
      View Details
    • $449,500

      Dania Beach Commercial Lot

      Vacant commercial lot in Dania Beach with development potential.
      NE 1st Avenue, Dania Beach, FL 33004
      View Details
    • $1,250,000
      1,500 SF

      Income-Producing Property with Buildable Land

      Turnkey multifamily property with development potential near Lauderdale airport.
      41 NE 1st Avenue, Dania Beach, FL 33004
      View Details
    • $1,950,000
      4,860 SF

      Dania Beach Multifamily Investment Opportunity

      Rare Dania Beach multifamily property with development potential.
      302 SW 15th Street, Dania Beach, FL 33004
      View Details
    • $1,950,000

      Mixed-Use Investment in Dania Beach

      Mixed-use property with residential and commercial units in growing area.
      24 NE 1st Ave, Dania Beach, FL 33004
      View Details
    • $995,000

      Large Lot in Dania Beach

      Development opportunity in Dania Beach with strong rental market.
      4381 SW 51st St, Dania Beach, FL 33314
      View Details
    • $1,659,000

      Residential Lot in Dania Beach

      Residential lot for sale in a desirable Dania Beach area.
      5941 SW 36th Ter, Dania Beach, FL 33312
      View Details
    • $13,500
      4,400 SF

      Dania Beach Warehouse For Sale

      4,400 SF warehouse with 20' ceilings and two roll-up doors.
      212 N Federal Hwy, Dania Beach, FL 33004
      View Details
    • $25
      4,600 SF

      New Construction Warehouse in Dania

      New warehouse space available for immediate occupancy in Dania Beach.
      684 SW 7th Ter, Dania Beach, FL 33004
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land in Dania Beach zoned for 9-12 story development.
    Where is this commercial land located?
    The property is located at 400 1st St Dania Beach, FL.
    What is the asking price?
    The asking price for this property is $2,998,000.
    What are key features of this property?
    This property features: Zoned CC (City Center District) allowing for a variety of development opportunities.; City allows for **high‑rise development of 9‑12 stories.**; **Prime development opportunity in Dania Beach.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Pelayo, CCIM, SIOR, CIPS
    Real Estate License ID: 3005451
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 1st St, Dania Beach, FL 33004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!