Small Bay Industrial Warehouse
For Sale
Contact for pricing
806 NW 10th Terrace, Fort Lauderdale, FL 33311
Industrial warehouse portfolio offered for sale with an assumable loan structure and multiple small-bay configurations.
Property Size37,140 SF
Price / SF$185.78
Days on Market171
Property Features for 806 NW 10th Terrace
General Information
Standard status
Active
Size
37,140 SF
Property subtype
Industrial
Occupancy
63%
Lease Type
Modified Gross
Investment Type
Value Add
Building Details
Units
59
Tenancy
Multi
Listing Agency:
Vision Real Estate Advisors
Listed By:
Adam H. Klein · License #3403931
Source:
Crexi
Added: Mar 27
Changed: Sep 5
Last Checked: Sep 13 at 7:25AM
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 Vision Real Estate Advisors
Investment Insights
Based on property information with market context.
This for-sale industrial portfolio consists of a small-bay warehouse offering within the Fort Lauderdale MSA. The property is positioned as a multi-unit setup designed for tenants that can operate within smaller industrial footprints.
The portfolio is located at 806 NW 10th Terrace in Fort Lauderdale, Florida 33311. Based on the seller’s remarks, the offering also includes an assumable loan, which may be relevant for qualified buyers evaluating financing options.
Interested parties are encouraged to review the specific unit and operating details available with the offering package.
The portfolio is located at 806 NW 10th Terrace in Fort Lauderdale, Florida 33311. Based on the seller’s remarks, the offering also includes an assumable loan, which may be relevant for qualified buyers evaluating financing options.
Interested parties are encouraged to review the specific unit and operating details available with the offering package.
Key Highlights
- ±37,000 SF small‑bay industrial warehouse portfolio offered for sale
- Portfolio includes multiple small‑bay configurations
- Attractive assumable loan structure available with the sale
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
$616,959
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
8.94%
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%
$12,339,180
$12.3M
Cap Rate 7%
$8,813,700
$8.8M
Cap Rate 9%
$6,855,100
$6.9M
Market Conditions
NOI Build-Up for 37,140 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
$757.7K $20.40/SF
− Vacancy
−$31.8K −$0.86/SF
EGI
$725.8K $19.54/SF
− OpEx
−$108.9K −$2.93/SF
NOI
$617.0K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
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%
$12,339,180
Cap Rate 7%
$8,813,700
Cap Rate 9%
$6,855,100
Alternative Uses
Best Use
Warehouse
$8.81M
$7.71M – $10.28M
NOI $616,959 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.96M
$21.84M – $29.12M
NOI $1,747,066 @ 7.0% cap · market cap 25.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,899
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse portfolio offered for sale with an assumable loan structure and multiple small-bay configurations.
Where is this warehouse located?
The property is located at 806 NW 10th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: ±37,000 SF small‑bay industrial warehouse portfolio offered for sale; Portfolio includes multiple small‑bay configurations; Attractive assumable loan structure available with the sale
