Flex Warehouse with Fleet
New
For Sale
Contact for pricing
650 NW 27th Avenue, Fort Lauderdale, FL 33311
Renovated office and warehouse space offers two modified semi-gross lease configurations, including an option with expanded fleet parking.
Property Size8,734 SF
Price / SF$2.86
Days on Market4
Property Features for 650 NW 27th Avenue
General Information
Standard status
Active
Size
8,734 SF
Property subtype
Industrial
Zoning
C-1 Commercial Warehouse District
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
2,720 SF
Office Build-Out
3,364 SF
Building Details
Year Built
1982
Year Renovated
2023
Buildings
1
Building Size
8,734 SF
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep D Pelayo · License #3005451
(954) 341-3294
Source:
Lehmannflorida
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 20 at 8:18PM
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 Total R E Consultants Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Renovated in 2023, this flex property combines 3,364± square feet of two-story office space, 2,720± square feet of warehouse area and a 2,680±-square-foot covered overhang. The warehouse has 20-foot clear height and three roll-up doors measuring 14 feet wide by 16 feet high. The 8,734±-square-foot building is offered with two modified semi-gross lease configurations: one includes 22 parking spaces, while the other provides expanded use of the surrounding lot for fleet parking.
The fenced site is in unincorporated Broward County, with its eastern boundary along the New River. Zoning is C-1 Commercial Warehouse District. Regional access includes I-95, I-595 and Florida’s Turnpike, as well as Fort Lauderdale-Hollywood International Airport and Port Everglades. On-site fuel infrastructure includes a 2,000-gallon biodiesel tank and a 5,000-gallon biofuel tank permitted for on-site use.
The fenced site is in unincorporated Broward County, with its eastern boundary along the New River. Zoning is C-1 Commercial Warehouse District. Regional access includes I-95, I-595 and Florida’s Turnpike, as well as Fort Lauderdale-Hollywood International Airport and Port Everglades. On-site fuel infrastructure includes a 2,000-gallon biodiesel tank and a 5,000-gallon biofuel tank permitted for on-site use.
Key Highlights
- 8,734±-square‑foot building with two‑story office, warehouse and covered overhang
- Three warehouse roll‑up doors, each 14 feet wide by 16 feet high; 20‑foot clear height
- Two modified semi‑gross lease options, including one with 22 parking spaces and one with expanded fleet parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,115
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,522,300
$2.5M
Cap Rate 7%
$1,801,643
$1.8M
Cap Rate 9%
$1,401,278
$1.4M
Market Conditions
NOI Build-Up for 8,734 SF
Gross rent
$188.7K $21.60/SF
− Vacancy
−$8.5K −$0.97/SF
EGI
$180.2K $20.63/SF
− OpEx
−$54.0K −$6.19/SF
NOI
$126.1K $14.44/SF
Area
Fort Lauderdale, FL
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,522,300
Cap Rate 7%
$1,801,643
Cap Rate 9%
$1,401,278
Alternative Uses
Best Use
Warehouse
$2.07M
$1.81M – $2.42M
NOI $145,087 @ 7.0% cap · market cap 580.35%
Second Best
Flex RnD
$1.93M
$1.68M – $2.25M
NOI $134,765 @ 7.0% cap · market cap 539.06%
Theoretical Best
Office A
$5.87M
$5.14M – $6.85M
NOI $410,847 @ 7.0% cap · market cap 1,643.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- L&N Food Catering, LLC — 400 nw 31st ave, fort lauderdale, fl 33311
- Alexander Event Catering — 2551 NW 4th Ct, Fort Lauderdale, FL 33311
- Brother Gs Food Truck — 600 NW 27th Ave, Fort Lauderdale, FL 33311
- Branch Bistro Café and Catering, LLC — 2864 NW 8th St, Fort Lauderdale, FL 33311
Frequently Asked Questions
What type of property is this?
Flex space - Renovated office and warehouse space offers two modified semi-gross lease configurations, including an option with expanded fleet parking.
Where is this flex space located?
The property is located at 650 NW 27th Avenue Fort Lauderdale, FL.
What are key features of this property?
This property features: 8,734±-square‑foot building with two‑story office, warehouse and covered overhang; Three warehouse roll‑up doors, each 14 feet wide by 16 feet high; 20‑foot clear height; Two modified semi‑gross lease options, including one with 22 parking spaces and one with expanded fleet parking
