Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail/Office Space Available Title is generated by Realmo AI

    642 NE 3rd Avenue, Fort Lauderdale, FL 33304

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-visibility retail/office space in rapidly growing downtown Fort Lauderdale.

    Type:Land
    Added:
    Aug 22, 2025
    Days on Market:
    275
    Last Refresh:
    Mar 16 at 12:48 pm

    Property Features for 642 NE 3rd Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 642 NE 3rd Avenue Contact us

    $35/Mo

    Size
    1,443 SF
    Type
    Land
    Contact us

    We can help!

    Listing Contact
    Jaime Sturgis
    Jaime Sturgis

    Listing agent Jaime Sturgis License #3246270

    Listing office Native Realty Co.

    Listing date Aug 22, 2025

    Source Crexi

    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 Native Realty Co.

    HighLights

    • Prime location in rapidly growing Downtown Fort Lauderdale with 14,400 residential units in the pipeline.
    • Immediate access to major thoroughfares and close proximity to the Brightline station.
    • Prominent street frontage on a high‑traffic corridor providing excellent signage opportunities.
    • Flexible, open layout adaptable to a range of professional uses.
    • Dedicated on‑site parking for staff and clients.
    • Full branding control for businesses.

    Overview

    This commercial property is located in downtown Fort Lauderdale, an area experiencing rapid growth with 14,400 residential units in the pipeline. This growth is driving strong demand for nearby retail and office space. The property benefits from immediate access to Sunrise Boulevard, Broward Blvd, NE 4th Ave, and US-1. It is also in close proximity to the Brightline station, which connects Miami, West Palm, and Orlando. The building features an open layout adaptable to a range of professional uses. It offers full branding control and includes a built-in kitchenette. Dedicated on-site parking provides convenient access for staff and clients. The property's prominent street frontage provides excellent signage along a high-traffic corridor. It presents a prime opportunity for businesses seeking visibility, efficiency, and long-term value in a rapidly evolving urban district. The listing price is 35.
    Property Profile Location Intelligence

    Current Use by Public Records

    DeBianchi Real Estate Real Estate Agency Pharmobedient Freight Service Gyl Meloche - Realtor ... Real Estate Agency Garvin Law Firm Law Firm Tuggle Eddy Law Firm

    Suggested Use

    Restaurant Spa & Massage Center Real Estate Agency Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1405277
    Latitude
    26.1312931

    Nearby Similar for Lease

    • $25 SF/Yr
      5,270 SF

      Fort Lauderdale Medical/Office Space

      Adaptable, high-visibility space in central Fort Lauderdale location.
      2466 E Commercial Boulevard 102-103, Fort Lauderdale, FL 33308
      View Details
    • $5,867/Mo
      2,071 SF

      Remodeled Office Building in Fort Lauderdale

      Remodeled office building ideal for medical, office, and retail use.
      1501 NE 4th Avenue, Fort Lauderdale, FL 33304
      View Details
    • $28 SF/Yr
      2,800 SF

      Fort Lauderdale Retail Space Available

      Retail spaces for lease in high-traffic Fort Lauderdale shopping center.
      1395 W Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $4,000/Mo
      2,612 SF

      Retail Space on Commercial Boulevard

      High-visibility retail space with easy access to major routes.
      1744 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
    • $15 SF/Yr
      5,000 SF

      Spacious Corner Office in Fort Lauderdale

      Recently renovated office space with parking and private entrances.
      5420 NW 33rd Ave, Fort Lauderdale, FL 33309
      View Details
    • $15 SF/Yr
      1,766 SF

      Spacious Flex Space with Office

      1766 SF flex space with warehouse and office component.
      5420 NW 33rd Ave, Fort Lauderdale, FL 33309
      View Details
    • $3,500/Mo

      Salon Space in High Demand Area

      Well-located salon space with excellent visibility and accessibility.
      3324 NE 33rd Street, Fort Lauderdale, FL 33308
      View Details
    • $10,750/Mo
      2,143 SF

      Architectural Office Building in Flagler

      Freestanding, updated office building in prime Flagler Village location.
      721 NE 3rd Ave, Fort Lauderdale, FL 33304
      View Details
    • $9,250/Mo
      100,000 SF

      Fort Lauderdale Commercial Space Available

      Commercial space for rent in Fort Lauderdale, Florida.
      2455 E Sunrise Boulevard, Fort Lauderdale, FL 33304
      View Details
    • $2,500/Mo
      900 SF

      Fort Lauderdale Commercial Space Available

      East Fort Lauderdale commercial space in busy shopping center.
      3020 N Federal Highway, Fort Lauderdale, FL 33306
      View Details
    • $8,500/Mo
      2,892 SF

      Fort Lauderdale Special Purpose Facility

      2,892 SF Fort Lauderdale facility ideal for assisted living.
      2953 NW 10th Ct, Fort Lauderdale, FL 33311
      View Details
    • $3,200/Mo

      Fort Lauderdale Retail/Office Space

      Updated ground floor retail/office space in a prime location.
      3038 N Federal Highway, Fort Lauderdale, FL 33306
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility retail/office space in rapidly growing downtown Fort Lauderdale.
    Where is this commercial land located?
    The property is located at 642 NE 3rd Avenue Fort Lauderdale, FL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Prime location in rapidly growing Downtown Fort Lauderdale with 14,400 residential units in the pipeline.; Immediate access to major thoroughfares and close proximity to the Brightline station.; Prominent street frontage on a high‑traffic corridor providing excellent signage opportunities.
    (954) 595-2999 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jaime Sturgis
    Jaime Sturgis
    Real Estate License ID: 3246270
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    642 NE 3rd Avenue, Fort Lauderdale, FL 33304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!