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    Flagler Village Flex Buildings Opportunity Title is generated by Realmo AI

    804-810 NE 4th Avenue 804 #804 805 & 810, Fort Lauderdale, FL 33304

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    Rare opportunity in Fort Lauderdale's vibrant Flagler Village.

    Type:Business for Sale
    Property size:
    5,147 SF
    Price / SF:
    $952/SF
    Added:
    Apr 30, 2025
    Days on Market:
    397
    Last Refresh:
    Mar 19 at 11:34 pm

    Property Features for 804-810 NE 4th Avenue 804 #804 805 & 810

    General Information

    Standard status
    Active
    Size
    5,147 SF
    Property subtype
    Business for Sale

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Jaime Sturgis
    Jaime Sturgis

    Listing agent Jaime Sturgis License #3246270

    Listing office Native Realty Co.

    Listing date Apr 30, 2025

    Source Crexi

    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.

    HighLights

    • Fully approved F&B (Food & Beverage) use, a rare and highly valuable permit.
    • Located in the vibrant M.A.S.S. District of Flagler Village, a dynamic and desirable neighborhood.
    • Opportunity to own adjacent properties offering development flexibility.
    • Proximity to major developments.
    • Flex buildings with features like exposed wood beam ceilings and multiple garage doors.
    • 810 NE 4th Ave includes a large patio and backyard, suitable for a bar or restaurant.

    Overview

    Located in Fort Lauderdale’s vibrant M.A.S.S. District of Flagler Village, the properties at 804 NE 4th Ave, 805 NE 5th Ave, and 810 NE 4th Ave present a rare opportunity. These flex buildings, totaling 5147 square feet, feature fully approved F&B use. The buildings at 804 and 810 NE 4th Ave offer immense potential, with highlights including exposed wood beam ceilings, multiple garage doors, and rear parking or storage. The property at 804 offers dual access, while 810 includes a large patio and backyard. The location is walkable to apartments and Federal Hwy and is surrounded by major developments like Flagler Creative, The Hive, and the upcoming Searstown redevelopment. The properties can be acquired together or separately, offering a chance to develop in one of Fort Lauderdale’s dynamic neighborhoods. The property is suitable for mixed-use, restaurants, retail, flex space, and industrial purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1522904
    Latitude
    26.117715

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    FAQs

    What type of property is this?
    Mixed-use property - Rare opportunity in Fort Lauderdale's vibrant Flagler Village.
    Where is this mixed-use property located?
    The property is located at 804-810 NE 4th Avenue 804 #804 805 & 810 Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Fully approved F&B (Food & Beverage) use, a rare and highly valuable permit.; Located in the vibrant M.A.S.S. District of Flagler Village, a dynamic and desirable neighborhood.; Opportunity to own adjacent properties offering development flexibility.
    (954) 595-2999 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jaime Sturgis
    Jaime Sturgis
    Real Estate License ID: 3246270
    Learn More
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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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    804-810 NE 4th Avenue 804 #804, 805 & 810, Fort Lauderdale, FL 33304
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