Yearly-Leased Apartment
New
For Sale
$1,320,000
807 W Las Olas Blvd 807-819, Fort Lauderdale, FL 33312
Apartment property with all units occupied under annual lease agreements and established access to Fort Lauderdale’s Las Olas Boulevard.
Property Size4,407 SF
Days on Market3
Property Features for 807 W Las Olas Blvd 807-819
General Information
Standard status
Active
Size
4,407 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$23,350
Building Details
Building Size
4,407 SF
Year Built
1958
Stories
1
Units
6
Tenancy
Multi
Listed By:
Nancy A Mangel
(954) 600-0780
Source:
Elliman
Added: Sep 4
Last Checked: Sep 6 at 10:11AM
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 Nancy A Mangel
Investment Insights
Based on property information with market context.
This apartment property in Fort Lauderdale includes units identified as 807, 809, and 813 through 819 at W Las Olas Blvd. The building dates to 1958, providing an established residential asset with multiple apartment units under annual lease agreements.
The property is located at 807 W Las Olas Blvd, with the listed unit addresses extending through 819. Two Folio numbers are associated with the property: 504210280170 covers units 807 and 809, while 504210280200 covers units 813 through 819. Transportation context includes a bike score of 52, a walk score of 28, and a transit score of 36.
The property is located at 807 W Las Olas Blvd, with the listed unit addresses extending through 819. Two Folio numbers are associated with the property: 504210280170 covers units 807 and 809, while 504210280200 covers units 813 through 819. Transportation context includes a bike score of 52, a walk score of 28, and a transit score of 36.
Key Highlights
- All units are occupied under yearly leases
- Units 807 and 809 are included under Folio 504210280170
- Units 813‑819 are included under Folio 504210280200
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
$66,177
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
5.01%
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%
$1,323,540
$1.3M
Cap Rate 7%
$945,386
$945.4K
Cap Rate 9%
$735,300
$735.3K
Market Conditions
NOI Build-Up for 4,407 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
$126.9K $28.80/SF
− Vacancy
−$6.6K −$1.50/SF
EGI
$120.3K $27.30/SF
− OpEx
−$54.1K −$12.29/SF
NOI
$66.2K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,323,540
Cap Rate 7%
$945,386
Cap Rate 9%
$735,300
Alternative Uses
Best Use
Apartment 5plus
$945.4K
$827.2K – $1.10M
NOI $66,177 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.46M
NOI $207,305 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with all units occupied under annual lease agreements and established access to Fort Lauderdale’s Las Olas Boulevard.
Where is this apartment building located?
The property is located at 807 W Las Olas Blvd 807-819 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: All units are occupied under yearly leases; Units 807 and 809 are included under Folio 504210280170; Units 813‑819 are included under Folio 504210280200
