Property profile

921 NW 8Th Ave Fort Lauderdale, FL 33311

FOR SALE
Warehouses
Property ID
US18-1766212
7,888 SF 0.31 ac lot Built 1979
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,976-square-foot warehouse in Fort Lauderdale, Florida, presents a compelling investment opportunity. Located at 921 NW 8th Avenue, this property boasts a prime location in east Broward County, offering convenient access to major transportation arteries. It's just 1.3 miles from I-95, 1.7 miles from Downtown Fort Lauderdale, 6.6 miles from Fort Lauderdale/Hollywood International Airport, and 7.5 miles from Fort Lauderdale Executive Airport. The building has undergone a complete renovation, featuring a new TPO roof, updated air conditioning system, durable epoxy flooring, and newly installed overhead doors. The property also includes a newly paved asphalt parking lot, secure fencing, and an electric gate, enhancing security and functionality. The interior layout comprises approximately 800 square feet of office space, 6,000 square feet of warehouse space, and a substantial 2,176-square-foot mezzanine area. The building's construction features poured concrete walls and a concrete twin "T" roof system, ensuring durability and longevity. Its versatile design makes it suitable for a variety of uses, including manufacturing, flex warehouse operations, showroom display, or even a unique man cave. The asking price for this meticulously renovated warehouse is $4,500,000. This property offers a rare combination of location, functionality, and modern amenities, making it an ideal investment for discerning buyers.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction CONCRETE
Total area 7,888 SF
Lot 0.31 ac (13,500 SF)
Zoning code B-3
APN 49-42-34-05-3570
UPID US18-1766212

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Renovation Specialist Hardware & Home Improvement

Location

921 NW 8Th Ave Fort Lauderdale, FL 33311
Fort Lauderdale metro Census 41700 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.06M
CAP Approach CAP
$2.02M
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.04M

Owner & transaction history

since 2021
Last sale
$1.4M
5 recorded transactions
2021
$1.4M
2007
Price N/A
2007
$800,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Fort Lauderdale, FL
Zoning description

Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $2.1M +15.3%
Retail stores $2.0M +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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