Fort Lauderdale Warehouse
For Sale
$1,200,000
5300 NW 12th Avenue 5-11, Fort Lauderdale, FL 33309
4,860 SF warehouse condominium near DRV PNK Stadium.
Property Size4,860 SF
Price / SF$246.91
Days on Market205
Property Features for 5300 NW 12th Avenue 5-11
General Information
Standard status
Active
Size
4,860 SF
Building Details
Year Built
1985
Listing Agency:
Comwire Realty Inc
Listed By:
Richard A Sarta · License #511790
(772) 777-8777
Source:
Chenoregroup
Added: Mar 26
Changed: Oct 5
Last Checked: Oct 7 at 4:09PM
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 Comwire Realty Inc
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Investment Insights
Based on property information with market context.
This 4,860 SF warehouse condominium is located in Fort Lauderdale, near DRV PNK Stadium and Fort Lauderdale Executive Airport. Automotive use is permitted. The property offers quick access to I-95 and Florida’s Turnpike, making it suitable for businesses needing central connectivity. It features 20-foot ceilings, approximately 10% office space, and five roll-up doors (10x10). There are two bathrooms and ample front and rear parking. The property includes 225 sq. ft. of air-conditioned office space. It is ideal for warehousing, light manufacturing, or service businesses.
Key Highlights
- Automotive use allowed in Fort Lauderdale
- Prime location near DRV PNK Stadium and Fort Lauderdale Executive Airport
- Quick access to I‑95 and Florida’s Turnpike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,733
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
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
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 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
Flex RnD
$1.07M
$937.4K – $1.25M
NOI $74,990 @ 7.0% cap · market cap 6.25%
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.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 4,860 SF warehouse condominium near DRV PNK Stadium.
Where is this warehouse located?
The property is located at 5300 NW 12th Avenue 5-11 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: Automotive use allowed in Fort Lauderdale; Prime location near DRV PNK Stadium and Fort Lauderdale Executive Airport; Quick access to I‑95 and Florida’s Turnpike
