Warehouse Condominium with Roll-Up
For Sale
Contact for pricing
5300 NW 12th Avenue # 11 #5-11, Fort Lauderdale, FL 33309
4,860 SF warehouse unit features 20-foot ceilings, multiple 10x10 roll-up doors, and office space for light manufacturing or services.
Property Size4,860 SF
Price / SF$246.91
Days on Market733
Property Features for 5300 NW 12th Avenue # 11 #5-11
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Industrial
Zoning
I
Lease Type
Gross
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
5
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Comwire Realty Inc
Listed By:
Richard Sarta · License #BK511790
(772) 777-8777
Source:
Crexi
Added: Oct 27, 2024
Changed: Oct 26
Last Checked: Oct 28 at 8:43AM
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 warehouse condominium property includes combined 4,860 SF across units, with 20-foot ceilings and approximately 10% office space. The space is served by five 10x10 roll-up doors and includes two bathrooms. Parking is available in both the front and rear, supporting day-to-day operations and customer or staff access.
The property is described as being in a prime Fort Lauderdale area near DRV PNK Stadium and Fort Lauderdale Executive Airport, with quick access to I-95 and Florida’s Turnpike. Auto use is allowed in Fort Lauderdale, which may support a wider range of service-oriented tenants.
For tenants or buyers looking for a flexible warehouse setup, the configuration is positioned for warehousing, light manufacturing, or service businesses. An additional 1,860 SF contiguous unit (unit 10) is available, which can provide up to 6,720 SF of contiguous warehouse space when combined with the current offering. The combination of roll-up access, ceiling height, and on-site parking is designed to support practical operations and efficient loading needs.
The property is described as being in a prime Fort Lauderdale area near DRV PNK Stadium and Fort Lauderdale Executive Airport, with quick access to I-95 and Florida’s Turnpike. Auto use is allowed in Fort Lauderdale, which may support a wider range of service-oriented tenants.
For tenants or buyers looking for a flexible warehouse setup, the configuration is positioned for warehousing, light manufacturing, or service businesses. An additional 1,860 SF contiguous unit (unit 10) is available, which can provide up to 6,720 SF of contiguous warehouse space when combined with the current offering. The combination of roll-up access, ceiling height, and on-site parking is designed to support practical operations and efficient loading needs.
Key Highlights
- 4,860 SF warehouse condominium unit (Year Built 1985) with 20‑foot ceilings
- Includes 5 roll‑up 10x10 doors plus 10% office space for a combined warehouse/light service setup
- Contains 2 bathrooms and ample front and rear parking
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
—
—
no second resolved use
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
Lease Details
20 ft
Clear height
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Under-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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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 unit features 20-foot ceilings, multiple 10x10 roll-up doors, and office space for light manufacturing or services.
Where is this warehouse located?
The property is located at 5300 NW 12th Avenue # 11 #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: 4,860 SF warehouse condominium unit (Year Built 1985) with 20‑foot ceilings; Includes 5 roll‑up 10x10 doors plus 10% office space for a combined warehouse/light service setup; Contains 2 bathrooms and ample front and rear parking
