Flex Building with Live-Work
For Sale
Contact for pricing
701 Northeast 11th Street, Fort Lauderdale, FL 33304
Vacant, air-conditioned property with a fenced drive-through yard and permitted mezzanine improvements.
Property Size7,000 SF
Price / SF$357.14
Days on Market13
Property Features for 701 Northeast 11th Street
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Mixed Use, Self Storage
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
3
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Amenities
security cameras
Building Details
Year Renovated
2026
Buildings
1
Listing Agency:
CBRE - Palm Beach County
Listed By:
Tyler Kuhlman · License #SL3386073
Source:
Crexi
Added: Aug 21
Changed: Sep 1
Last Checked: Sep 1 at 8:58PM
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 CBRE - Palm Beach County
Investment Insights
Based on property information with market context.
Located at 701 Northeast 11th Street in Fort Lauderdale, this 7,000-square-foot freestanding flex building occupies a fenced corner lot in the Central Broward industrial submarket. The interior has been recently renovated with a white-box finish, and the roof is new and under warranty. The building will be delivered vacant at closing.
Two permitted mezzanine levels expand the functional layout, including one configured with a kitchen, bedroom, and living room. Site features include a paved, fenced drive-through yard measuring approximately 34' by 90', three drive-in doors, 16' clear height, 3-phase power, and security cameras. The property is fully air-conditioned and supports light industrial, distribution, contractor, and service-based operations.
Two permitted mezzanine levels expand the functional layout, including one configured with a kitchen, bedroom, and living room. Site features include a paved, fenced drive-through yard measuring approximately 34' by 90', three drive-in doors, 16' clear height, 3-phase power, and security cameras. The property is fully air-conditioned and supports light industrial, distribution, contractor, and service-based operations.
Key Highlights
- 7,000 SF freestanding flex building on a fenced corner lot
- Recently renovated white‑box interior; new roof under warranty
- Two permitted mezzanine levels, including a kitchen, bedroom, and living room
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
$201,096
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
8.04%
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%
$4,021,920
$4.0M
Cap Rate 7%
$2,872,800
$2.9M
Cap Rate 9%
$2,234,400
$2.2M
Market Conditions
NOI Build-Up for 7,000 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
$319.2K $45.60/SF
− Vacancy
−$51.1K −$7.30/SF
EGI
$268.1K $38.30/SF
− OpEx
−$67.0K −$9.58/SF
NOI
$201.1K $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%
$4,021,920
Cap Rate 7%
$2,872,800
Cap Rate 9%
$2,234,400
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $201,096 @ 7.0% cap · market cap 8.04%
Second Best
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,282 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$4.70M
$4.12M – $5.49M
NOI $329,280 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Elegant Event's By Alyson — 737 NW 3rd Ave, Fort Lauderdale, FL 33311
- Catering Los Angeles — 750 N Flagler Dr, Fort Lauderdale, FL 33304
- D-LAND Kitchen — fort lauderdale, fl 33304
- Private Palm Beach Chef — 910 N Victoria Park Rd UNIT 202, Fort Lauderdale, FL 33304
- Chef Mark Fiori — 1015 NE 9th Ave, Fort Lauderdale, FL 33304
Frequently Asked Questions
What type of property is this?
Flex space - Vacant, air-conditioned property with a fenced drive-through yard and permitted mezzanine improvements.
Where is this flex space located?
The property is located at 701 Northeast 11th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,000 SF freestanding flex building on a fenced corner lot; Recently renovated white‑box interior; new roof under warranty; Two permitted mezzanine levels, including a kitchen, bedroom, and living room
