Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1600 3Rd Ave Fort Lauderdale, FL 33315

    For Sale
    $4,950,000

    Prime industrial location, high NOI, strong cap rate.

    Property size:
    20,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 20,968-square-foot warehouse complex ideally situated in Fort Lauderdale, Florida. The property boasts a prime location at the gateway to I-595, offering easy access to Fort Lauderdale International Airport, Port Everglades, the Broward Convention Center, Broward Medical Center, and the Downtown Business District. Situated between Federal Highway and I-95, this location provides unparalleled access to the tri-county market. The complex comprises two single-story buildings on a 31,200-square-foot lot, featuring frontage on three streets and convenient rear alley access. The property includes 12 bays with 10x12 and 12x12 drive-in overhead doors, totaling 23 front and rear overhead doors. The buildings were constructed in 1957 and underwent renovations in 2009. Currently 100% leased with long-term tenants, the property generates a substantial net operating income (NOI) of $320,000, resulting in a compelling 6.46% capitalization rate. The asking price is $4,950,000, translating to $236.07 per square foot. The property is zoned B3 and features an additional 2,800 square feet of outside yard space. The full address is 1600 to 1620 SW 3rd Avenue, Fort Lauderdale, FL 33315. The APN is 504215040120 & 0160. Please note: drive-by viewing only

    Property Features for 1600 3Rd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    20,968 SF

    Building Details

    Year Built/Renovated
    1957/2009
    Buildings
    2
    Stories
    1
    Units
    12

    HighLights

    • Exceptional 20,968 SF warehouse complex in prime Fort Lauderdale location.
    • Gateway to I‑595, offering easy access to major transportation hubs and employment centers.
    • Two single‑story buildings on a 31,200 SF lot with 23 overhead doors and rear alley access.
    • 100% leased with long‑term tenants, generating $320,000 NOI and a 6.46% cap rate.
    • Asking price: $4,950,000 ($236.07/SF). B3 zoning. Drive‑by viewing only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Broward Health Medical ... Heliport S & M Marine Marina

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Law Firm Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.144987835724
    Latitude
    26.101344788091

    Nearby Similar for Sale

    • $2,795,000
      9,196 SF

      Wilton Manors Fourplex Investment Opportunity

      Rare fourplex in Wilton Manors, ideal for investors or owner-users.
      624 NE 29 Dr, Fort Lauderdale, FL 33334
      View Details
    • $850,000

      Mediterranean Revival Office Oasis

      Updated office property with guest house, pool, and rare zoning.
      1314 SE 1St Ave, Fort Lauderdale, FL 33316
      View Details
    • $1,795,000
      0.91 Acres

      Tamarac Office Investment Opportunity

      9,828 SF office building ideal for diverse professional uses.
      7471 W Oakland Park Blvd, Fort Lauderdale, FL 33319
      View Details
    • $1,189,000
      2,873 SF

      Remodeled Duplex with Pool

      East Fort Lauderdale duplex with pool, near major transportation routes.
      807 SW 14Th Ct, Fort Lauderdale, FL 33315
      View Details
    • $1,490,000

      Profitable Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant in Fort Lauderdale with high ratings and growth potential.
      511 SE 5Th Ave, Fort Lauderdale, FL 33301
      View Details
    • New
      $1,175,000
      2,520 SF

      Updated Fort Lauderdale Fourplex

      Updated fourplex in prime Fort Lauderdale location near downtown and beach.
      412 SE 22Nd St, Fort Lauderdale, FL 33316
      View Details

    FAQs

    What type of property is this?
    Distribution property - Prime industrial location, high NOI, strong cap rate.
    Where is this distribution property located?
    The property is located at 1600 3Rd Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Exceptional 20,968 SF warehouse complex in prime Fort Lauderdale location.; Gateway to I-595, offering easy access to major transportation hubs and employment centers.; Two single-story buildings on a 31,200 SF lot with 23 overhead doors and rear alley access.
    Request Owner's contact information
    1600 3Rd Ave Fort Lauderdale, FL 33315
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1600 3Rd Ave
    Fort Lauderdale, FL 33315
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1600 3Rd Ave Fort Lauderdale, FL 33315
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.