Renovated Mixed-Use
For Sale
$850,000
66-68 N Federal Highway, Dania Beach, FL 33004
Two independently accessed units support flexible retail or office occupancy with dedicated restrooms.
Property Size2,255 SF
Lot Size0.09 Acres
Price / SF$376.94
Days on Market13
Property Features for 66-68 N Federal Highway
General Information
Standard status
Active
Size
2,255 SF
Total Parking Spaces
5
Lot size
0.09 Acres
Property subtype
Commercial Building
Site & Location
Frontage
50 ft
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
2
Amenities
dedicated restrooms
individual central air conditioning
Lot Size Acres: 0.09
Flat Roof
Total Taxes: $17,995, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Stone Floor
Has Central AC: 1
Sale, Sale Type: Bank, Sale Type: Foreclosure, Sale Type: Auction, Online Only Auction, Auction URL: https://bid.amcbid.com/ui/auctions/166904/25530568
One Story, Built in 1945, Renovation Year: 2020
Property Zone Type: 200, Above Area Square Feet: 2255
2 Full Baths
Water Source: Community
Construction Type: Masonry - Concrete Block
Corner Unit
Stucco Siding
Building Details
Year Built
1945
Year Renovated
2020
Buildings
1
Stories
1
Construction
concrete block and stucco
Abandoned
No
Listing Agency:
Auction Management Corporation
(770) 980-9565
Listed By:
Julian Howell
(770) 980-9565
Source:
Doyle-realty
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 5:01PM
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 Auction Management Corporation
Investment Insights
Based on property information with market context.
This single-story mixed-use property contains 2,255 SF on a 0.09-acre parcel at 66-68 N Federal Highway in Dania Beach. Originally constructed in 1945, the concrete block and stucco building underwent a complete renovation in 2020. The layout includes two units, each with its own front and rear entrances, mailing address, dedicated restroom, and central air-conditioning system. Concrete flooring, public water, and public sanitation are also in place.
The building occupies the southeast corner of the signalized intersection of Federal Highway (US 1) and NE 1st Street, with 50 feet of front-door frontage along Federal Highway. Rear access leads to up to five on-site parking spaces, with additional street parking along surrounding blocks. The property is positioned in Dania Beach’s Center City district, with access to Fort Lauderdale International Airport, Port Everglades, Las Olas, I-95, and I-595.
The building occupies the southeast corner of the signalized intersection of Federal Highway (US 1) and NE 1st Street, with 50 feet of front-door frontage along Federal Highway. Rear access leads to up to five on-site parking spaces, with additional street parking along surrounding blocks. The property is positioned in Dania Beach’s Center City district, with access to Fort Lauderdale International Airport, Port Everglades, Las Olas, I-95, and I-595.
Key Highlights
- 2,255 SF mixed‑use building on a 0.09 acre parcel
- Complete renovation completed in 2020; original construction dates to 1945
- Two‑unit layout with separate front and rear access and dedicated restrooms
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
$59,769
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
7.03%
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%
$1,195,380
$1.2M
Cap Rate 7%
$853,843
$853.8K
Cap Rate 9%
$664,100
$664.1K
Market Conditions
NOI Build-Up for 2,255 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
$102.8K $45.60/SF
− Vacancy
−$23.1K −$10.26/SF
EGI
$79.7K $35.34/SF
− OpEx
−$19.9K −$8.84/SF
NOI
$59.8K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,195,380
Cap Rate 7%
$853,843
Cap Rate 9%
$664,100
Alternative Uses
Best Use
Office B
$853.8K
$747.1K – $996.2K
NOI $59,769 @ 7.0% cap · market cap 7.03%
Second Best
Mixed Use
$555.7K
$486.2K – $648.3K
NOI $38,899 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,084 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two independently accessed units support flexible retail or office occupancy with dedicated restrooms.
Where is this mixed-use property located?
The property is located at 66-68 N Federal Highway Dania Beach, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,255 SF mixed‑use building on a 0.09 acre parcel; Complete renovation completed in 2020; original construction dates to 1945; Two‑unit layout with separate front and rear access and dedicated restrooms
