Renovated Secure Office
For Sale
Contact for pricing
501 Se 12th St, Fort Lauderdale, FL 33316
Move-in ready, secured office building with gated parking, monument signage, and hurricane-rated glass.
Property Size7,402 SF
Price / SF$607.27
Days on Market20
Property Features for 501 Se 12th St
General Information
Standard status
Active
Size
7,402 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Amenities
gated parking
exterior and monument signage
hurricane glass windows and doors
Building Details
Year Renovated
2015
Tenancy
Single
Listing Agency:
Berger Commercial Realty Corp - Fort Lauderdale
(954) 494-3091
Listed By:
Steve Hyatt · License ##BK411032
(954) 494-3091
Source:
Moodyscre
Added: Jul 22
Changed: Jul 28
Last Checked: Jul 28 at 7:52PM
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 Berger Commercial Realty Corp - Fort Lauderdale
Investment Insights
Based on property information with market context.
Ready to go office building offered for sale or lease. The property is described as a secure, identity-building option with both exterior and monument signage.
The building features hurricane glass windows and doors, and was completely renovated in 2015. Secure gated parking is also in place for tenant and visitor access.
For a single-tenant setup, this renovated office configuration provides a defined, branded exterior presentation supported by dedicated monument signage and a secure entry approach.
The building features hurricane glass windows and doors, and was completely renovated in 2015. Secure gated parking is also in place for tenant and visitor access.
For a single-tenant setup, this renovated office configuration provides a defined, branded exterior presentation supported by dedicated monument signage and a secure entry approach.
Key Highlights
- Completely renovated office building in 2015
- Secure building with gated parking
- Exterior and monument signage
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
$212,645
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
4.73%
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%
$4,252,900
$4.3M
Cap Rate 7%
$3,037,786
$3.0M
Cap Rate 9%
$2,362,722
$2.4M
Market Conditions
NOI Build-Up for 7,402 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
$337.5K $45.60/SF
− Vacancy
−$54.0K −$7.30/SF
EGI
$283.5K $38.30/SF
− OpEx
−$70.9K −$9.58/SF
NOI
$212.6K $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 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%
$4,252,900
Cap Rate 7%
$3,037,786
Cap Rate 9%
$2,362,722
Alternative Uses
Best Use
Office B
$3.04M
$2.66M – $3.54M
NOI $212,645 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,190 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,459
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
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in ready, secured office building with gated parking, monument signage, and hurricane-rated glass.
Where is this office building located?
The property is located at 501 Se 12th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Completely renovated office building in 2015; Secure building with gated parking; Exterior and monument signage
