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    B-3 Mixed-Use Redevelopment Property Title is generated by Realmo AI

    733 NW 27th Ave, Fort Lauderdale, FL 33311

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    Picture of Mixed-use properties at 733 NW 27th Ave, Fort Lauderdale, FL
    For Sale
    $650,000

    Mixed Use - Fort Lauderdale, FL

    Type:Mixed Use
    Lot size:
    0.11 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 733 NW 27th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    B-3
    Parking
    16
    Standard status
    Active
    APN
    504205060121
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5903

    Building Details

    Year built
    1948
    Architectural style
    Other

    We can help!

    Listing Contact
    Oraefo Brown

    Listing agent Oraefo Brown License #3551704

    Listing office Keller Williams Realty International Lifestyles 10900 NW 25 Street, Suite #200, Doral, FL

    Listing date Jun 4, 2026

    MLS# A11870249 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1948 property on 0.33‑acre in NW Fort Lauderdale, sold as‑is
    • Zoned B‑3 for commercial/multi‑family use
    • 3 existing structures on the property, suited for full rehab or redevelopment
    • Additional ~0.2‑acre vacant lot behind the property expected to be available soon
    • Listed as priced reflecting land value only

    Overview

    This mixed-use redevelopment property is offered for sale with three existing structures on the site and is being sold as-is. The listing notes that repairs and renovations would be required to reposition the property, or the structures can be cleared for redevelopment consistent with the property’s zoning. An additional vacant lot behind the property is described as becoming available soon, which could allow for additional site expansion planning.

    Located in NW Fort Lauderdale, the property is positioned for access to downtown, major roads, and beaches, according to the public remarks. Zoning is listed as B-3, supporting commercial and multi-family use, which aligns with the mixed-use positioning described in the remarks.

    For buyers or developers, this is a straightforward opportunity to acquire a B-3 site with multiple structures already on place, or to pursue full rehabilitation or redevelopment depending on the desired end use. Because the property is sold as-is, due diligence around condition, scope of work, and redevelopment planning will be important for any operator considering renovation, conversion, or new construction on the parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1786085
    Latitude
    26.1313847

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use land with three existing structures, sold as-is, offering a flexible B-3 redevelopment site in Fort Lauderdale.
    Where is this mixed-use property located?
    The property is located at 733 NW 27th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 1948 property on 0.33‑acre in NW Fort Lauderdale, sold as‑is; Zoned B‑3 for commercial/multi‑family use; 3 existing structures on the property, suited for full rehab or redevelopment
    (305) 300-8711
    We can help!
    Listing Contact
    Oraefo Brown
    Real Estate License ID: 3551704
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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