Yearly-Leased Apartment
For Sale
$1,320,000
807 W Las Olas Boulevard 807-819, Fort Lauderdale, FL 33301
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 Market49
Property Features for 807 W Las Olas Boulevard 807-819
General Information
Standard status
Active
Size
4,407 SF
Property subtype
Multi Family
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
Tenancy
Multi
Listing Agency:
Global Assets Realty
Listed By:
Nancy A Mangel · License #501286
(954) 600-0780
Source:
Tylertuchow
Added: Sep 3
Changed: Oct 15
Last Checked: Oct 21 at 6:00AM
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 Global Assets Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$66,177
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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 Boulevard 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
