One-Story Warehouse with Secure
For Sale
$4,495,000
842 NW 7th Terrace NW, Fort Lauderdale, FL 33311
One-story warehouse includes new roof and approximately 17,500 SF of secure outside storage on an underbuilt site.
Property Size11,133 SF
Lot Size0.76 Acres
Price / SF$402.63
Days on Market206
Property Features for 842 NW 7th Terrace NW
General Information
Standard status
Active
Size
11,133 SF
Lot size
0.76 Acres
Property subtype
Industrial
Lease Type
NNN
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$34,831
Building Details
Building Size
11,133 SF
Year Built
1990
Stories
1
Tenancy
Single
Listing Agency:
Atlantic Waterfront Properties
Listed By:
David V Gunther · License #3285299
(954) 651-4789
Source:
Relinkre
Added: Feb 13
Changed: Sep 4
Last Checked: Sep 7 at 7:47AM
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 Atlantic Waterfront Properties
Investment Insights
Based on property information with market context.
This one-story warehouse totals approximately 11,164 SF and sits on an approximately 32,980 SF lot. The property includes about 17,500 SF of secure outside storage and has a new roof. The site is described as underbuilt, providing potential expansion optionality.
The offering includes a grandfathered junkyard/salvage license, and the seller notes a clean environmental history with recent surveys available. A NNN tenant is in place through July 31, 2026, while end-user occupancy may be available at lease expiration.
Positioned as an industrial opportunity in Fort Lauderdale near major corridors, the property is intended to support both income now and owner-user control following the lease term.
The offering includes a grandfathered junkyard/salvage license, and the seller notes a clean environmental history with recent surveys available. A NNN tenant is in place through July 31, 2026, while end-user occupancy may be available at lease expiration.
Positioned as an industrial opportunity in Fort Lauderdale near major corridors, the property is intended to support both income now and owner-user control following the lease term.
Key Highlights
- One‑story industrial building built in 1990 with 11,164 SF on a 32,980 SF lot
- NNN tenant in place through July 31, 2026
- Approx. 17,500 SF of secure outside storage included
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
$172,260
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
3.83%
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%
$3,445,200
$3.4M
Cap Rate 7%
$2,460,857
$2.5M
Cap Rate 9%
$1,914,000
$1.9M
Market Conditions
NOI Build-Up for 11,164 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
$281.3K $25.20/SF
− Vacancy
−$16.3K −$1.46/SF
EGI
$265.0K $23.74/SF
− OpEx
−$92.8K −$8.31/SF
NOI
$172.3K $15.43/SF
Area
Fort Lauderdale, FL
Vacancy
5.80%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
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%
$3,445,200
Cap Rate 7%
$2,460,857
Cap Rate 9%
$1,914,000
Alternative Uses
Best Use
Flex RnD
$2.46M
$2.15M – $2.87M
NOI $172,260 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$2.30M
$2.02M – $2.69M
NOI $161,204 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $525,155 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,402
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - One-story warehouse includes new roof and approximately 17,500 SF of secure outside storage on an underbuilt site.
Where is this flex space located?
The property is located at 842 NW 7th Terrace NW Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: One‑story industrial building built in 1990 with 11,164 SF on a 32,980 SF lot; NNN tenant in place through July 31, 2026; Approx. 17,500 SF of secure outside storage included
