Freestanding Office with
New
For Sale
$799,000
423 SE 19th St, Fort Lauderdale, FL 33316
A flexible interior combines private offices, conference space, and an equipped kitchen.
Property Size1,240 SF
Price / SF$644.35
Days on Market3
Property Features for 423 SE 19th St
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Commercial
Zoning
RO
Site & Location
Neighborhood
Ppca
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,773
Amenities
kitchen
conference room
patio
Building Details
Building Size
1,240 SF
Year Built
1967
Tenancy
nul
Listing Agency:
Icon Realty Brokerage, LLC
(954) 415-1713
Listed By:
Eric Jackwin
(954) 870-1281
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:45PM
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 Icon Realty Brokerage, LLC
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 office building offers 1,240 square feet of space, with two private offices, a conference room, and an open work area. The kitchen includes a refrigerator and oven, with counter and cabinet storage. A patio extends the usable space outdoors and overlooks the backyard. The building dates to 1967 and is zoned RO.
The property is near Broward Health, the State Courthouse, and the planned Federal Courthouse. Downtown Fort Lauderdale, Fort Lauderdale Airport, I-595, and I-95 are each described as minutes away.
The property is near Broward Health, the State Courthouse, and the planned Federal Courthouse. Downtown Fort Lauderdale, Fort Lauderdale Airport, I-595, and I-95 are each described as minutes away.
Key Highlights
- 1,240‑square‑foot freestanding office building
- Two private offices, a conference room, and an open work area
- Kitchen equipped with a refrigerator and oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,623
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,460
$712.5K
Cap Rate 7%
$508,900
$508.9K
Cap Rate 9%
$395,811
$395.8K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$56.5K $45.60/SF
− Vacancy
−$9.0K −$7.30/SF
EGI
$47.5K $38.30/SF
− OpEx
−$11.9K −$9.58/SF
NOI
$35.6K $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%
$712,460
Cap Rate 7%
$508,900
Cap Rate 9%
$395,811
Alternative Uses
Best Use
Office B
$508.9K
$445.3K – $593.7K
NOI $35,623 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.3K
$729.1K – $972.2K
NOI $58,330 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Nul-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,496
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office building - A flexible interior combines private offices, conference space, and an equipped kitchen.
Where is this office building located?
The property is located at 423 SE 19th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,240‑square‑foot freestanding office building; Two private offices, a conference room, and an open work area; Kitchen equipped with a refrigerator and oven
