Corner Retail Storefront
For Sale
$440,000
8717-8723 NW 50, Lauderhill, FL 33351
SINGLE_FAMILY - Lauderhill, FL
Property Size1,445 SF
Price / SF$304.50
Days on Market22
Property Features for 8717-8723 NW 50
General Information
Property type
Residential
Property subtype
Retail
Zoning description
COMMERCIAL
Security features
Security Lighting, Security
Exterior features
Storm/Security Shutters
Subdivision
3840
Standard status
Active
APN
049411AE0010
Taxes and HOA fees
Tax Description
B-PLAZA CONDOMINIUM UNIT 1-2 PER CDO BK/PG 34684/978
HOA Fee
$1,400 Quarterly
Legal Description
B-PLAZA CONDOMINIUM UNIT 1-2 PER CDO BK/PG 34684/978
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Alexis Poveda · License #3038679
(305) 409-2309
Added: Jul 9
Changed: Jul 29
Last Checked: Jul 30 at 9:06PM
MLS# A11904528
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes two corner retail storefront units currently operating as a convenience store. The retail space is listed as 1,445 square feet, and the business is not included in the sale. The building was built in 2004 and is described as well maintained.
The units are located within a busy shopping center that includes a long-term tenant. The property also provides plenty of parking for customers, along with 3 assigned parking spaces plus a loading area for the unit.
The seller states the property is easy to show, and the configuration is suited for retail use given the existing convenience store layout and prominent corner placement.
The units are located within a busy shopping center that includes a long-term tenant. The property also provides plenty of parking for customers, along with 3 assigned parking spaces plus a loading area for the unit.
The seller states the property is easy to show, and the configuration is suited for retail use given the existing convenience store layout and prominent corner placement.
Key Highlights
- Two corner units in a block building built in 2003
- Convenience store retail space totals 1,445 SF (business not included in the sale)
- Central electric heating and central air conditioning
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $27.60 |
| − Vacancy | −$2.8k | −$1.93 |
| EGI | $37.1k | $25.67 |
| − OpEx | −$9.3k | −$6.42 |
| NOI | $27.8k | $19.25 |
1,445 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$397.4K
$347.7K – $463.6K
NOI $27,818 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$349.1K
$305.4K – $407.2K
NOI $24,434 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K
NOI $51,318 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 34%
Electronics 10%
Beauty & Spa 2%
Wendy's
Dining
13,194 visits/mo
0.5 miles
Marathon
Shops & Services
6,042 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,786 visits/mo
0.5 miles
Mobil
Shops & Services
3,482 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
3,366 visits/mo
0.5 miles
Demographics for 33351, FL
36,913
Population
13,843
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
6,711
Density / Sq Mi
$68,996
Median Household Income
$40,013
Median Earnings
$1,881
Median Rent
$352,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two well-maintained corner retail units are available within a busy shopping center, with parking plus assigned spaces and a loading area.
Where is this storefront property located?
The property is located at 8717-8723 NW 50 Lauderhill, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two corner units in a block building built in 2003; Convenience store retail space totals 1,445 SF (business not included in the sale); Central electric heating and central air conditioning
