Mixed-Use Redevelopment
For Sale
$1,900,000
540 NW 20th Avenue, Fort Lauderdale, FL 33312
For-sale mixed-use property in Fort Lauderdale offered for redevelopment within the Sistrunk redevelopment district.
Property Size9,263 SF
Days on Market104
Property Features for 540 NW 20th Avenue
General Information
Standard status
Active
Size
9,263 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$1,916
Building Details
Building Size
9,263 SF
Year Built
1957
Listing Agency:
United Realty Group Inc.
Listed By:
Joseph Hargro · License #3498649
(954) 854-1915
Source:
Tylertuchow
Added: Jun 2
Changed: Sep 11
Last Checked: Sep 13 at 11:27AM
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 United Realty Group Inc.
Investment Insights
Based on property information with market context.
This mixed-use property is being offered for redevelopment purposes and strategic location within the Sistrunk redevelopment district. The asset is suited for a range of outcomes including office space, mixed-use development, multifamily housing, retail, or other income-producing ventures, subject to zoning and municipal approvals.
The property is located at 540 NW 20th Avenue in Fort Lauderdale and is positioned within an area that is actively developing with surrounding residential, commercial, and mixed-use projects. Public remarks indicate the location provides proximity to Downtown Fort Lauderdale, Brightline, Las Olas, major highways, and the beach.
Interested buyers should complete their own due diligence regarding zoning, permitted uses, density allowances, and applicable development requirements with the appropriate municipal authorities.
The property is located at 540 NW 20th Avenue in Fort Lauderdale and is positioned within an area that is actively developing with surrounding residential, commercial, and mixed-use projects. Public remarks indicate the location provides proximity to Downtown Fort Lauderdale, Brightline, Las Olas, major highways, and the beach.
Interested buyers should complete their own due diligence regarding zoning, permitted uses, density allowances, and applicable development requirements with the appropriate municipal authorities.
Key Highlights
- For‑sale mixed‑use property in Fort Lauderdale offered for redevelopment in the Sistrunk redevelopment district
- Year built: 1957
- Potential uses include office space, mixed‑use development, multifamily housing, retail, or other income‑producing ventures (subject to zoning and approvals)
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
$142,141
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
7.48%
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%
$2,842,820
$2.8M
Cap Rate 7%
$2,030,586
$2.0M
Cap Rate 9%
$1,579,344
$1.6M
Market Conditions
NOI Build-Up for 9,263 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
$244.5K $26.40/SF
− Vacancy
−$17.1K −$1.85/SF
EGI
$227.4K $24.55/SF
− OpEx
−$85.3K −$9.21/SF
NOI
$142.1K $15.34/SF
Area
Fort Lauderdale, FL
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
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%
$2,842,820
Cap Rate 7%
$2,030,586
Cap Rate 9%
$1,579,344
Alternative Uses
Best Use
Mixed Use
$2.03M
$1.78M – $2.37M
NOI $142,141 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.22M
$5.45M – $7.26M
NOI $435,732 @ 7.0% cap · market cap 22.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - For-sale mixed-use property in Fort Lauderdale offered for redevelopment within the Sistrunk redevelopment district.
Where is this mixed-use property located?
The property is located at 540 NW 20th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: For‑sale mixed‑use property in Fort Lauderdale offered for redevelopment in the Sistrunk redevelopment district; Year built: 1957; Potential uses include office space, mixed‑use development, multifamily housing, retail, or other income‑producing ventures (subject to zoning and approvals)
