Corner Retail Office
For Sale
$1,999,000
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 Size6,076 SF
Price / SF$328
Days on Market78
Property Features for 700 NE 13th St
General Information
Standard status
Active
Size
6,076 SF
Building Details
Year Built
1954
Listing Agency:
Native Realty Co.
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Thepennteam
Added: Jul 24
Changed: Oct 9
Last Checked: Oct 7 at 1:40PM
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.
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 / Yr
$174,551
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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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 $1,999,000.
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
