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Property profile & analytics
OFF-MARKET Estimated value $375,000
Investment properties

511 5th Ave 10 Fort Lauderdale, FL 33301-2984

1,780 SF Built 2005
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US18-1162081
Property summary
AI-generated overview

Exceptional opportunity to acquire three contiguous office spaces totaling 4,540 square feet in a prime Fort Lauderdale location. This 2005-built property, situated at 511 SE 5th Ave #11, comprises three units (11, 9, and 8) with individual folio numbers, offering flexibility and potential for various business configurations. Unit 11 boasts 1,730 square feet, unit 9 offers 1,349 square feet, and unit 8 encompasses 1,461 square feet. The combined annual association fee is $5,642, broken down as $2,205 for unit 11, $1,645 for unit 9, and $1,792 for unit 8. The property features a modern design with high-end finishes, including a spacious common area with over 12-foot ceilings, a fully equipped kitchen, two bathrooms, and a high-end conference room. The building offers 24-hour security and is ideally located near downtown Fort Lauderdale, Las Olas Boulevard, and the waterfront, providing excellent visibility and accessibility. The ample space allows for more than eight individual workspaces and offers the potential for a client recreation area. This is a rare opportunity to own a substantial and well-appointed office complex in a highly desirable location. The asking price for this exceptional property is $1,900,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction CONCRETE
Total area 1,780 SF
Zoning code RAC-CC
APN 50-42-10-BF-0130
UPID US18-1162081
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Askaneli Premium Georgian and International Restaurant Take-out & Catering Catering Service
  • The MRL Group Marketing & Advertising Advertising Agency
  • Career Activation Business Service Center Employment Agency
  • Kunstler Plus Industrial Manufacturer Production Facility
  • Riverwalk South Outdoor Chess Table Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k
Owner & transaction history
ASSN LAW GROUP P L
ASSN LAW GROUP P L
Zoning & alternative use
RAC-CC · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ned Development District PEDD - Port Everglades Development District PRD - Planned Resort Development District PUD - Planned Unit Development R-1-C - County R-2 - County R-4 - County RAC-AS - Arts and Sciences Districts RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office Dis…

Zone name Regional Activity Center City Center District
General category COMMERCIAL
Zone area 370.47 ac
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