511 5th Ave 10 Fort Lauderdale, FL 33301-2984
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.
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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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
RAC-CC · Fort Lauderdale, FLned 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 District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.