Manufacturing Property with Warehouse
For Sale
Contact for pricing
6785 NW 17 Ave, Fort Lauderdale, FL 33309
The facility combines office and warehouse areas in an existing owner-user configuration.
Property Size12,385 SF
Price / SF$314.82
Days on Market143
Property Features for 6785 NW 17 Ave
General Information
Standard status
Active
Size
12,385 SF
Class
B
Property subtype
Industrial
Zoning
I1
Building Details
Year Built
1971
Building Size
12,385 SF
Listing Agency:
LRM CREA LLC
(305) 528-5371
Listed By:
Chad Gottsegen · License #FL 3386660
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 25 at 4:08AM
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 LRM CREA LLC
Investment Insights
Based on property information with market context.
This manufacturing property at 6785 NW 17th Ave in Fort Lauderdale, Florida, contains 12,385 square feet configured for office and warehouse operations. Approximately 20% of the building is office space, while the remaining 80% is dedicated to warehouse use.
The property is currently occupied by the owner. A leaseback arrangement may also be considered, providing an alternative structure for the next transaction. Additional details are available from the listing agent.
The property is currently occupied by the owner. A leaseback arrangement may also be considered, providing an alternative structure for the next transaction. Additional details are available from the listing agent.
Key Highlights
- 12,385‑square‑foot manufacturing warehouse
- Building allocation is 20% office and 80% warehouse
- Currently operated by the owner‑user
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
$205,736
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
5.28%
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%
$4,114,720
$4.1M
Cap Rate 7%
$2,939,086
$2.9M
Cap Rate 9%
$2,285,956
$2.3M
Market Conditions
NOI Build-Up for 12,385 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
$252.7K $20.40/SF
− Vacancy
−$10.6K −$0.86/SF
EGI
$242.0K $19.54/SF
− OpEx
−$36.3K −$2.93/SF
NOI
$205.7K $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%
$4,114,720
Cap Rate 7%
$2,939,086
Cap Rate 9%
$2,285,956
Alternative Uses
Best Use
Warehouse
$2.94M
$2.57M – $3.43M
NOI $205,736 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$2.55M
$2.24M – $2.98M
NOI $178,834 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$8.32M
$7.28M – $9.71M
NOI $582,590 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,070
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - The facility combines office and warehouse areas in an existing owner-user configuration.
Where is this manufacturing property located?
The property is located at 6785 NW 17 Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,899,000.
What are key features of this property?
This property features: 12,385‑square‑foot manufacturing warehouse; Building allocation is 20% office and 80% warehouse; Currently operated by the owner‑user
