Automotive Property with
For Sale
Contact for pricing
711 NW 1st Avenue, Fort Lauderdale, FL 33311
Climate-controlled space combines a finished customer area, private offices, and an installed automotive paint booth.
Property Size12,500 SF
Lot Size0.32 Acres
Price / SF$1.67
Days on Market18
Property Features for 711 NW 1st Avenue
General Information
Standard status
Active
Size
12,500 SF
Lot size
0.32 Acres
Property subtype
Industrial
Zoning
B-3 / RAC-WMU
Site & Location
Neighborhood
Fhca
Highway Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
12,500 SF
Drive-In Doors
4
Conditioned Warehouse
Yes
Additional Details
Automotive Uses
dealership/vehicle sales, collision/body shop
Real Estate Included
Yes
Property Use
Warehouse
Amenities
100% under HVAC
12' ceilings
four grade-level roll-up doors
finished showroom/reception area
multiple private offices
restroom
in-place automotive paint spray booth
Building Details
Year Built
2004
Buildings
1
Building Size
12,500 SF
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Lehmannflorida
Added: Oct 12
Changed: Oct 29
Last Checked: Oct 28 at 5:49AM
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 RE/MAX 5 Star Realty
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Investment Insights
Based on property information with market context.
This 12,500-SF automotive property, built in 2004, occupies a 14,000-SF lot. HVAC serves the full building, which has 12-foot ceilings and four grade-level roll-up doors. Interior improvements include a finished showroom and reception area, several private offices, a restroom, and an existing automotive paint spray booth. The property is split-zoned B-3 and RAC-WMU, and auto dealer use is approved.
The site is just west of Downtown Fort Lauderdale, within the Northwest-Progresso-Flagler Heights CRA. I-95, Broward Boulevard, and Sunrise Boulevard are minutes away, as are Brightline, Las Olas, Fort Lauderdale-Hollywood International Airport, and Port Everglades.
The site is just west of Downtown Fort Lauderdale, within the Northwest-Progresso-Flagler Heights CRA. I-95, Broward Boulevard, and Sunrise Boulevard are minutes away, as are Brightline, Las Olas, Fort Lauderdale-Hollywood International Airport, and Port Everglades.
Key Highlights
- Auto dealer use approved
- 12,500 SF building on a 14,000 SF lot
- Split‑zoned B‑3 / RAC‑WMU
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,495
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,609,900
$3.6M
Cap Rate 7%
$2,578,500
$2.6M
Cap Rate 9%
$2,005,500
$2.0M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$270.0K $21.60/SF
− Vacancy
−$12.2K −$0.97/SF
EGI
$257.9K $20.63/SF
− OpEx
−$77.4K −$6.19/SF
NOI
$180.5K $14.44/SF
Area
Fort Lauderdale, FL
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,609,900
Cap Rate 7%
$2,578,500
Cap Rate 9%
$2,005,500
Alternative Uses
Best Use
Retail
$3.18M
$2.78M – $3.71M
NOI $222,663 @ 7.0% cap · market cap 1,068.80%
Second Best
Warehouse
$2.97M
$2.60M – $3.46M
NOI $207,646 @ 7.0% cap · market cap 996.72%
Theoretical Best
Office A
$8.40M
$7.35M – $9.80M
NOI $588,000 @ 7.0% cap · market cap 2,822.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
12 ft
Clear height
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,486
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Climate-controlled space combines a finished customer area, private offices, and an installed automotive paint booth.
Where is this automotive property located?
The property is located at 711 NW 1st Avenue Fort Lauderdale, FL.
What are key features of this property?
This property features: Auto dealer use approved; 12,500 SF building on a 14,000 SF lot; Split‑zoned B‑3 / RAC‑WMU
