Corner Retail Office
For Sale
Contact for pricing
700 Ne 13th St, Fort Lauderdale, FL 33304
Corner commercial building with a flexible open area and multiple private offices, finished neutrally and move-in ready.
Property Size5,405 SF
Price / SF$397.78
Days on Market340
Property Features for 700 Ne 13th St
General Information
Standard status
Active
Size
5,405 SF
Property subtype
RETAIL
Listing Agency:
Native Realty
(954) 595-2999
Listed By:
Jaime Sturgis · License #F10493993
Source:
Moodyscre
Added: Sep 19, 2025
Changed: Aug 22
Last Checked: Aug 24 at 2:22PM
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
Investment Insights
Based on property information with market context.
This corner commercial property offers a flexible interior layout designed to accommodate both open and private uses. The main area is open, complemented by numerous private offices and rooms throughout. The space is in turn-key, well-maintained condition with neutral finishes, providing a move-in ready option for an owner-user or investor.
The building is located at 700 NE 13th St in Fort Lauderdale, Florida. Its corner position supports strong visibility and accessibility for passing traffic.
As presented, the property combines a public-facing open area with multiple enclosed rooms, making it suitable for a range of office or retail-style configurations while retaining straightforward day-to-day usability.
The building is located at 700 NE 13th St in Fort Lauderdale, Florida. Its corner position supports strong visibility and accessibility for passing traffic.
As presented, the property combines a public-facing open area with multiple enclosed rooms, making it suitable for a range of office or retail-style configurations while retaining straightforward day-to-day usability.
Key Highlights
- Corner commercial building with flexible layout for a variety of uses
- Includes an open main area plus numerous private offices/rooms
- Neutral, well‑maintained finishes in move‑in ready condition
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
$155,275
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
7.22%
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%
$3,105,500
$3.1M
Cap Rate 7%
$2,218,214
$2.2M
Cap Rate 9%
$1,725,278
$1.7M
Market Conditions
NOI Build-Up for 5,405 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
$246.5K $45.60/SF
− Vacancy
−$39.4K −$7.30/SF
EGI
$207.0K $38.30/SF
− OpEx
−$51.8K −$9.58/SF
NOI
$155.3K $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%
$3,105,500
Cap Rate 7%
$2,218,214
Cap Rate 9%
$1,725,278
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,275 @ 7.0% cap · market cap 7.22%
Second Best
Retail
$1.38M
$1.20M – $1.60M
NOI $96,279 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,251 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corner commercial building with a flexible open area and multiple private offices, finished neutrally and move-in ready.
Where is this retail space located?
The property is located at 700 Ne 13th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Corner commercial building with flexible layout for a variety of uses; Includes an open main area plus numerous private offices/rooms; Neutral, well‑maintained finishes in move‑in ready condition
