Fort Lauderdale Office-Warehouse with
For Sale
$2,900,000
6775 NW 15th Ave, Fort Lauderdale, FL 33309
9,400 SF office-warehouse with AC and twenty-one parking spaces.
Property Size9,400 SF
Lot Size0.37 Acres
Price / SF$308.51
Days on Market153
Property Features for 6775 NW 15th Ave
General Information
Standard status
Active
Size
9,400 SF
Lot size
0.37 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$26,668
Building Details
Building Size
9,400 SF
Stories
2
Listing Agency:
Bonvie Realty
(954) 232-8494
Listed By:
Richard Bonvie · License #610564
(954) 232-8494
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:20AM
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 Bonvie Realty
Investment Insights
Based on property information with market context.
This immaculate 9,400 square foot office-warehouse is located in Fort Lauderdale and features twenty-one parking spaces. The building includes approximately 3,000 square feet of elegant offices and a lobby area, along with 6,400 square feet of open warehouse space spread across two floors. The entire building is cat six wired for network and internet connection, telephones, cameras, an alarm system, and compressed air ducts for equipment. There are four full large bathrooms, including one private bathroom in the manager's office. A passenger/cargo elevator is available, along with a full break room equipped with a refrigerator and microwave, and an outdoor eating area. The property features concrete second-floor decking with concrete and steel beams, offering the potential to build a third floor. Tiled flooring is present, with wood flooring in the front lobby. Impact windows and doors are installed. The building is elevated to prevent flooding and features all-block and concrete construction. A designated load zone with an overhead loading door is available.
Key Highlights
- 9,400 S.F. 100% AC office‑warehouse, featuring 3,000 S.F +/-, of elegant offices & lobby, and 6,400 S.F. of open warehouse space.
- Benefit from twenty‑one parking spaces and a designated load zone with overhead loading door.
- Concrete second floor decking with Concrete & Steel beams allows for potential third‑floor expansion.
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
$156,150
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
5.38%
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%
$3,123,000
$3.1M
Cap Rate 7%
$2,230,714
$2.2M
Cap Rate 9%
$1,735,000
$1.7M
Market Conditions
NOI Build-Up for 9,400 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
$191.8K $20.40/SF
− Vacancy
−$8.1K −$0.86/SF
EGI
$183.7K $19.54/SF
− OpEx
−$27.6K −$2.93/SF
NOI
$156.2K $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 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%
$3,123,000
Cap Rate 7%
$2,230,714
Cap Rate 9%
$1,735,000
Alternative Uses
Best Use
Office B
$3.86M
$3.38M – $4.50M
NOI $270,043 @ 7.0% cap · market cap 9.31%
Second Best
Warehouse
$2.23M
$1.95M – $2.60M
NOI $156,150 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$6.32M
$5.53M – $7.37M
NOI $442,176 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,714
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
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 9,400 SF office-warehouse with AC and twenty-one parking spaces.
Where is this flex space located?
The property is located at 6775 NW 15th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 9,400 S.F. 100% AC office‑warehouse, featuring 3,000 S.F +/-, of elegant offices & lobby, and 6,400 S.F. of open warehouse space.; Benefit from twenty‑one parking spaces and a designated load zone with overhead loading door.; Concrete second floor decking with Concrete & Steel beams allows for potential third‑floor expansion.
