Warehouse Condominium with Roll-Up
For Sale
$1,200,000
5300 NW 12th Avenue, Fort Lauderdale, FL 33309
COMMERCIAL - Fort Lauderdale, FL
Property Size4,860 SF
Lot Size0.12 Acres
Price / SF$246.91
Days on Market675
Property Features for 5300 NW 12th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
West of I-95 on Commercial Blvd, to NW 12th Ave, and then North 53rd Street.
Subdivision
3550
Standard status
Active
APN
494216Aa0120
Size
4,860 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
YANKEE EXECUTIVE WAREHOUSE CONDO UNITS 11 & 5 PER CDO BK/PG: 13207/222
Tax Annual Amount
13454
Legal Description
YANKEE EXECUTIVE WAREHOUSE CONDO UNITS 11 & 5 PER CDO BK/PG: 13207/222
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete
Roof type
Built-Up
Listing Agency:
Comwire Realty Inc
(772) 777-8777
Listed By:
Richard A Sarta · License #511790
(772) 777-8777
Added: Oct 19, 2024
Changed: Aug 4
Last Checked: Aug 24 at 1:06PM
MLS# R11029866
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse condominium includes 4,860 SF of warehouse space within a combined condominium configuration. The building features 20-foot ceilings, concrete flooring, and central heating and central air conditioning. There is approximately 10% office space, two bathrooms, and a built-up roof. Loading is supported by five roll-up 10x10 doors, and public water and public sewer services are in place.
The property sits on a 0.12-acre lot and is zoned I. Auto use is allowed in Fort Lauderdale. The location provides quick access to I-95 and Florida’s Turnpike, supporting business connectivity. The front and rear offer ample parking.
An additional contiguous unit (unit 10) totaling 1,860 SF is also available, allowing up to 6,720 SF of contiguous warehouse space.
The property sits on a 0.12-acre lot and is zoned I. Auto use is allowed in Fort Lauderdale. The location provides quick access to I-95 and Florida’s Turnpike, supporting business connectivity. The front and rear offer ample parking.
An additional contiguous unit (unit 10) totaling 1,860 SF is also available, allowing up to 6,720 SF of contiguous warehouse space.
Key Highlights
- 4,860 SF combined warehouse condominium space with 10% office space
- 20‑foot ceilings, concrete flooring, built‑up roof
- Central heating and central air conditioning
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
$80,733
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
6.73%
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%
$1,614,660
$1.6M
Cap Rate 7%
$1,153,329
$1.2M
Cap Rate 9%
$897,033
$897.0K
Market Conditions
NOI Build-Up for 4,860 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
$99.1K $20.40/SF
− Vacancy
−$4.2K −$0.86/SF
EGI
$95.0K $19.54/SF
− OpEx
−$14.2K −$2.93/SF
NOI
$80.7K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,614,660
Cap Rate 7%
$1,153,329
Cap Rate 9%
$897,033
Alternative Uses
Best Use
Warehouse
$1.15M
$1.01M – $1.35M
NOI $80,733 @ 7.0% cap · market cap 6.73%
Second Best
Industrial
$1.00M
$877.2K – $1.17M
NOI $70,176 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,614 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Small warehouse condominium with 20-foot ceilings, central HVAC, concrete floors, and multiple roll-up doors in an I-zoned setting.
Where is this warehouse located?
The property is located at 5300 NW 12th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,860 SF combined warehouse condominium space with 10% office space; 20‑foot ceilings, concrete flooring, built‑up roof; Central heating and central air conditioning
