Freestanding Restaurant Building with
For Sale
$1,995,000
900 Sunrise Lane, Fort Lauderdale, FL 33304
Shell space with an ocean-facing rooftop terrace and wrap-around second-floor balcony.
Property Size3,337 SF
Price / SF$597.84
Days on Market70
Property Features for 900 Sunrise Lane
General Information
Standard status
Active
Size
3,337 SF
Property subtype
Retail - Restaurant
Additional Details
Road Access
Yes
Amenities
rooftop terrace
wrap-around balcony
Building Details
Building Size
3,337 SF
Year Built
1969
Buildings
1
Stories
3
Construction
exposed brick
Listing Agency:
Native Realty
Listed By:
Contact Us
Source:
Commercialcafe
Added: Jun 23
Changed: Aug 30
Last Checked: Aug 30 at 1:05PM
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 Native Realty
Investment Insights
Based on property information with market context.
This three-story freestanding restaurant building includes 3,337 square feet of shell space distributed across two floors. The property features an expansive rooftop terrace with ocean views, an exposed brick exterior, and a wrap-around balcony on the second floor. The unfinished interior provides a flexible setting for a restaurant or bar concept, subject to applicable approvals.
The building occupies a prominent corner near Sunrise Boulevard and A1A in Fort Lauderdale’s Central Beach district, across from the Atlantic Ocean. The surrounding area includes luxury hotels, residential towers, restaurants, nightlife, and year-round tourist activity. Las Olas Boulevard, the Galleria area, and Downtown Fort Lauderdale are located minutes away.
The building occupies a prominent corner near Sunrise Boulevard and A1A in Fort Lauderdale’s Central Beach district, across from the Atlantic Ocean. The surrounding area includes luxury hotels, residential towers, restaurants, nightlife, and year-round tourist activity. Las Olas Boulevard, the Galleria area, and Downtown Fort Lauderdale are located minutes away.
Key Highlights
- 3,337 SF of shell space arranged across two floors
- Three‑story freestanding building near Sunrise Boulevard and A1A
- Expansive rooftop terrace overlooking the Atlantic Ocean
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
$67,178
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
3.37%
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%
$1,343,560
$1.3M
Cap Rate 7%
$959,686
$959.7K
Cap Rate 9%
$746,422
$746.4K
Market Conditions
NOI Build-Up for 3,337 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
$96.1K $28.80/SF
− Vacancy
−$6.5K −$1.96/SF
EGI
$89.6K $26.84/SF
− OpEx
−$22.4K −$6.71/SF
NOI
$67.2K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,343,560
Cap Rate 7%
$959,686
Cap Rate 9%
$746,422
Alternative Uses
Best Use
Specialty Retail
$959.7K
$839.7K – $1.12M
NOI $67,178 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $156,972 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,825 visits/mo
0.2 miles
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Shell space with an ocean-facing rooftop terrace and wrap-around second-floor balcony.
Where is this conventional restaurant located?
The property is located at 900 Sunrise Lane Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 3,337 SF of shell space arranged across two floors; Three‑story freestanding building near Sunrise Boulevard and A1A; Expansive rooftop terrace overlooking the Atlantic Ocean
