Freestanding Showroom Retail
For Sale
$1,999,000
700 Ne 13th St, Fort Lauderdale, FL 33316
Corner showroom/retail building with large windows, private offices, and break-area kitchen facilities for an owner-user or tenant.
Property Size5,405 SF
Price / SF$369.84
Days on Market395
Property Features for 700 Ne 13th St
General Information
Standard status
Active
Size
5,405 SF
Listing Agency:
Native Realty Co.
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Exprealty
Added: Aug 21, 2025
Changed: Sep 17
Last Checked: Sep 19 at 3:45PM
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.
700 NE 13th Street is a freestanding 5,405 SF showroom/retail building positioned on a corner site in Fort Lauderdale’s commercial corridor. The interior layout includes expansive windows designed for natural light, along with numerous private offices and rooms. Additional functional space is provided for storage and a break area with kitchen facilities, supporting a range of showroom, office, and retail-adjacent uses. The property is presented as turnkey and includes contemporary finishes.
The building benefits from exposure to both vehicular and pedestrian traffic given its corner location on NE 13th Street and Dixie Highway. The site also offers opportunities for prominent signage.
This configuration is well suited for an owner-user seeking a visible, multi-room environment for sales, customer-facing operations, or a blend of office and showroom needs. It may also appeal to investors looking for a versatile retail/showroom asset with established interior separation, including private rooms, storage, and on-site break amenities.
The building benefits from exposure to both vehicular and pedestrian traffic given its corner location on NE 13th Street and Dixie Highway. The site also offers opportunities for prominent signage.
This configuration is well suited for an owner-user seeking a visible, multi-room environment for sales, customer-facing operations, or a blend of office and showroom needs. It may also appeal to investors looking for a versatile retail/showroom asset with established interior separation, including private rooms, storage, and on-site break amenities.
Key Highlights
- Freestanding 5,405 SF showroom/retail building built in 1954
- Corner location on NE 13th Street and Dixie Highway with exposure to vehicular and pedestrian traffic
- Expansive windows for 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
$96,279
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
4.82%
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%
$1,925,580
$1.9M
Cap Rate 7%
$1,375,414
$1.4M
Cap Rate 9%
$1,069,767
$1.1M
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
$149.2K $27.60/SF
− Vacancy
−$11.6K −$2.15/SF
EGI
$137.5K $25.45/SF
− OpEx
−$41.3K −$7.63/SF
NOI
$96.3K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,925,580
Cap Rate 7%
$1,375,414
Cap Rate 9%
$1,069,767
Alternative Uses
Best Use
Retail
$1.38M
$1.20M – $1.60M
NOI $96,279 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,251 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 31%
Groceries 24%
Shops & Services 21%
Dining 20%
The Home Depot
Home Improvements & Furnishings
57,435 visits/mo
0.3 miles
Publix
Groceries
46,722 visits/mo
0.4 miles
McDonald's
Dining
31,062 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
16,794 visits/mo
0.4 miles
Checkers
Dining
7,752 visits/mo
0.4 miles
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Showroom - Corner showroom/retail building with large windows, private offices, and break-area kitchen facilities for an owner-user or tenant.
Where is this showroom 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: Freestanding 5,405 SF showroom/retail building built in 1954; Corner location on NE 13th Street and Dixie Highway with exposure to vehicular and pedestrian traffic; Expansive windows for natural light
