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    2646 4Th St Fort Lauderdale, FL 33311

    Sponsored
    For Sale
    $970,000

    High-yield multi-tenant warehouse in prime location.

    Property size:
    3,659 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,659 square foot industrial property located at 2646 Northwest 4th Street, Fort Lauderdale, Florida, 33311. The property boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $58,244 annually. Currently operating at 100% occupancy, the building comprises three individual units, each featuring approximately 1,219 square feet. Each unit is separately metered for electricity and includes a small office space, restroom, and a rear overhead door, providing flexibility and convenience for tenants. Situated on a 6,309 square foot lot, the single-story building is strategically positioned just west of I-95, off Broward Boulevard, offering unparalleled access to major transportation arteries, including airports and downtown Fort Lauderdale. The asking price is $970,000, translating to $265 per square foot. This property represents a compelling investment opportunity in a high-demand market, offering a stable income stream and significant potential for future appreciation. The property's excellent location and well-maintained condition make it an attractive option for both seasoned investors and those seeking to diversify their portfolio. Detailed financial information is available upon request.

    Property Features for 2646 4Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    3,659 SF

    Building Details

    Stories
    1
    Units
    3

    HighLights

    • $970,000 asking price for this industrial property.
    • 3,659 square foot building on a 6,309 square foot lot.
    • $265 per square foot price.
    • 6.00% cap rate with a $58,244 Net Operating Income (NOI).
    • 100% occupancy with three (3) units.
    Property Profile Location Intelligence

    Current Use by Public Records

    2 Plus 1 ... Tax Preparation

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1773494
    Latitude
    26.1250838

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    FAQs

    What type of property is this?
    Distribution property - High-yield multi-tenant warehouse in prime location.
    Where is this distribution property located?
    The property is located at 2646 4Th St Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $970,000.
    What are key features of this property?
    This property features: $970,000 asking price for this industrial property.; 3,659 square foot building on a 6,309 square foot lot.; $265 per square foot price.
    Request Owner's contact information
    2646 4Th St Fort Lauderdale, FL 33311
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    Fort Lauderdale, FL 33311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2646 4Th St Fort Lauderdale, FL 33311
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