Freestanding Office
For Sale
Contact for pricing
701 N Andrews Avenue, Fort Lauderdale, FL 33311
Private offices, open work area, meeting room and podcast room provide a varied workplace layout.
Property Size5,168 SF
Price / SF$0.01
Days on Market46
Property Features for 701 N Andrews Avenue
General Information
Standard status
Active
Size
5,168 SF
Property subtype
Office
Site & Location
Neighborhood
Dfca
Public Transit
Yes
Additional Details
Condition
Newly Renovated
Property Use
Office
Amenities
high-end modern finishes
multiple private offices
large open collaborative workspace
conference/meeting room
dedicated podcast room
multiple individually zoned A/C areas
Building Details
Year Built
1961
Buildings
1
Building Size
5,168 SF
Listing Agency:
Premier Investments Realty
(800) 299-1580
Listed By:
Ran Amiel · License #3662994
(646) 245-2325
Source:
Isaacsrealestate
Added: Sep 16
Changed: Oct 28
Last Checked: Oct 28 at 3:40PM
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 Premier Investments Realty
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Investment Insights
Based on property information with market context.
This 5,168-square-foot freestanding office building was constructed in 1961 and has been renovated. Its interior includes multiple private offices, an open collaborative work area, a conference room and a dedicated podcast room. Several areas have individual air-conditioning controls, and on-site parking is available.
The property is on N Andrews Avenue in Fort Lauderdale, near the Brightline station and a short drive from Downtown. Restaurants, shops, entertainment and major transportation options are also accessible nearby.
The property is on N Andrews Avenue in Fort Lauderdale, near the Brightline station and a short drive from Downtown. Restaurants, shops, entertainment and major transportation options are also accessible nearby.
Key Highlights
- 5,168 SF freestanding office building
- Renovated; year built 1961
- Private offices, open workspace, conference room and dedicated podcast room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,466
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,969,320
$3.0M
Cap Rate 7%
$2,120,943
$2.1M
Cap Rate 9%
$1,649,622
$1.6M
Market Conditions
NOI Build-Up for 5,168 SF
Gross rent
$235.7K $45.60/SF
− Vacancy
−$37.7K −$7.30/SF
EGI
$198.0K $38.30/SF
− OpEx
−$49.5K −$9.58/SF
NOI
$148.5K $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%
$2,969,320
Cap Rate 7%
$2,120,943
Cap Rate 9%
$1,649,622
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.47M
NOI $148,466 @ 7.0% cap · market cap 329,924.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,103 @ 7.0% cap · market cap 540,228.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,386
Businesses Nearby
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Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office building - Private offices, open work area, meeting room and podcast room provide a varied workplace layout.
Where is this office building located?
The property is located at 701 N Andrews Avenue Fort Lauderdale, FL.
What are key features of this property?
This property features: 5,168 SF freestanding office building; Renovated; year built 1961; Private offices, open workspace, conference room and dedicated podcast room
