Retail Unit with
For Sale
$315,000
8759 NW 50TH Street 8, Lauderhill, FL 33351
The space includes two built-in rooms, storage, and renovated bathrooms.
Property Size707 SF
Price / SF$445.54
Days on Market25
Property Features for 8759 NW 50TH Street 8
General Information
Standard status
Active
Size
707 SF
Property subtype
Retail
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Gross Income
$30,000
Taxes and HOA fees
Annual Taxes
$4,811
Building Details
Building Size
707 SF
Year Built
2003
Tenancy
Single
Listing Agency:
Promiseland Properties LLC
Listed By:
Omar H Williams · License #3177306
(954) 464-0049
Source:
Irgflorida
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 26 at 2:54PM
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 Promiseland Properties LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail unit in Casa Linda Strip Plaza is configured for an ice cream shop, with a kitchen area, two built-in rooms, storage, and renovated bathrooms. Equipment installed by the tenant is in place, and the unit is currently occupied by Cleveland Ice Cream.
The property is at 8759 NW 50th Street in Lauderhill, Florida. The building dates to 2003.
The property is at 8759 NW 50th Street in Lauderhill, Florida. The building dates to 2003.
Key Highlights
- Currently leased to Cleveland Ice Cream
- Kitchen area, two built‑in rooms, and storage
- Renovated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,610
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,200
$272.2K
Cap Rate 7%
$194,429
$194.4K
Cap Rate 9%
$151,222
$151.2K
Market Conditions
NOI Build-Up for 707 SF
Gross rent
$19.5K $27.60/SF
− Vacancy
−$1.4K −$1.93/SF
EGI
$18.1K $25.67/SF
− OpEx
−$4.5K −$6.42/SF
NOI
$13.6K $19.25/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,200
Cap Rate 7%
$194,429
Cap Rate 9%
$151,222
Alternative Uses
Best Use
Specialty Retail
$194.4K
$170.1K – $226.8K
NOI $13,610 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$170.8K
$149.4K – $199.3K
NOI $11,955 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$358.7K
$313.9K – $418.5K
NOI $25,108 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
34k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space includes two built-in rooms, storage, and renovated bathrooms.
Where is this retail space located?
The property is located at 8759 NW 50TH Street 8 Lauderhill, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Currently leased to Cleveland Ice Cream; Kitchen area, two built‑in rooms, and storage; Renovated bathrooms
