Freestanding Showroom Retail
For Sale
$1,999,000
700 13th Street, Fort Lauderdale, FL 33304
Corner property with expansive windows, private offices, storage, and kitchen-equipped break area.
Property Size5,405 SF
Price / SF$328
Days on Market372
Property Features for 700 13th Street
General Information
Standard status
Active
Size
5,405 SF
Property subtype
General Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Amenities
3
5 Parking Spaces.
Building Details
Year Built
1954
Buildings
1
Building Size
5,405 SF
Listing Agency:
Native Realty Co.
(954) 595-2999
Listed By:
Jaime Sturgis · License #F10493993
(954) 595-2999
Source:
Xome
Added: Aug 18, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:41AM
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.
Investment Insights
Based on property information with market context.
Freestanding showroom and retail building positioned at 700 NE 13th Street in Fort Lauderdale, at the corner of NE 13th Street and Dixie Highway. The property was built in 1954 and features expansive windows, contemporary finishes, numerous private offices and rooms, storage areas, and a break area with kitchen facilities.
The corner location provides exposure to vehicular and pedestrian traffic along the 13th Street corridor and includes signage opportunities. The flexible interior configuration supports showroom, retail, and office functions within a single commercial building.
The corner location provides exposure to vehicular and pedestrian traffic along the 13th Street corridor and includes signage opportunities. The flexible interior configuration supports showroom, retail, and office functions within a single commercial building.
Key Highlights
- Freestanding showroom and retail building at 700 NE 13th Street
- Corner location at NE 13th Street and Dixie Highway
- Expansive windows provide natural light
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
$174,551
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
8.73%
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%
$3,491,020
$3.5M
Cap Rate 7%
$2,493,586
$2.5M
Cap Rate 9%
$1,939,456
$1.9M
Market Conditions
NOI Build-Up for 6,076 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
$277.1K $45.60/SF
− Vacancy
−$44.3K −$7.30/SF
EGI
$232.7K $38.30/SF
− OpEx
−$58.2K −$9.58/SF
NOI
$174.6K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
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%
$3,491,020
Cap Rate 7%
$2,493,586
Cap Rate 9%
$1,939,456
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,551 @ 7.0% cap · market cap 8.73%
Second Best
Retail
$1.55M
$1.35M – $1.80M
NOI $108,232 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,815 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner property with expansive windows, private offices, storage, and kitchen-equipped break area.
Where is this storefront property located?
The property is located at 700 13th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Freestanding showroom and retail building at 700 NE 13th Street; Corner location at NE 13th Street and Dixie Highway; Expansive windows provide natural light
