Corner Storefront on Commercial
For Sale
$369,000
3007 W Commercial Boulevard 101, Fort Lauderdale, FL 33309
First floor storefront suitable for retail or restaurant use.
Property Size1,000 SF
Price / SF$369
Days on Market680
Property Features for 3007 W Commercial Boulevard 101
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,334
Building Details
Building Size
1,000 SF
Year Built
2006
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep D Pelayo · License #3005451
(954) 341-3294
Source:
Pamandtoni
Added: Dec 4, 2024
Changed: Oct 4
Last Checked: Oct 13 at 2:12AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
A first-floor corner storefront is available for purchase. The unit fronts Commercial Boulevard, which experiences an annual average daily traffic count of 55,000 vehicles. Zoned B-1, the unit is suitable for a variety of businesses, including retail storefronts. The current layout is set up as a restaurant/café but can be reconfigured. Other businesses in the building include a law office and a beauty supply store. Parking is available in the front and rear of the building. The property is located minutes from Fort Lauderdale Executive Airport and is closely located to I-95 and Florida’s Turnpike, providing accessibility for customers and employees. The property is being sold in as-is condition.
Key Highlights
- First floor corner storefront space.
- High traffic location: 55,000 vehicles daily on Commercial Blvd.
- B‑1 zoning suitable for various businesses, including retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,813
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,260
$356.3K
Cap Rate 7%
$254,471
$254.5K
Cap Rate 9%
$197,922
$197.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$27.6K $27.60/SF
− Vacancy
−$2.2K −$2.15/SF
EGI
$25.4K $25.45/SF
− OpEx
−$7.6K −$7.63/SF
NOI
$17.8K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,260
Cap Rate 7%
$254,471
Cap Rate 9%
$197,922
Alternative Uses
Best Use
Retail
$254.5K
$222.7K – $296.9K
NOI $17,813 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 37%
Groceries 21%
Hotels & Casinos 2%
Winn-Dixie
Groceries
17,448 visits/mo
0.3 miles
Wendy's
Dining
14,912 visits/mo
0.5 miles
Pollo Tropical
Dining
13,113 visits/mo
0.2 miles
Mobil
Shops & Services
8,740 visits/mo
0.2 miles
Chevron
Shops & Services
8,018 visits/mo
0.2 miles
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
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 Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - First floor storefront suitable for retail or restaurant use.
Where is this storefront property located?
The property is located at 3007 W Commercial Boulevard 101 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: First floor corner storefront space.; High traffic location: **55,000 vehicles daily on Commercial Blvd.**; B‑1 zoning suitable for various businesses, including retail.
