Renovated Office
For Sale
$11,950,000
955 S Federal Highway, Fort Lauderdale, FL 33316
Two levels of covered parking support a multi-suite office configuration suitable for investors or owner-users.
Property Size48,106 SF
Price / SF$502.44
Days on Market60
Property Features for 955 S Federal Highway
General Information
Standard status
Active
Size
48,106 SF
Property subtype
Office
Financials
Asking Price
$11,950,000
Cap Rate
7.1%
Additional Details
Public Transit
Yes
Office Units
42
Building Details
Year Built
1974
Year Renovated
2020
Buildings
1
Building Size
48,106 SF
Tenancy
Multi
Abandoned
No
Listing Agency:
Daniel Chaberman PA
Listed By:
Daniel Chaberman · License #3363299
(646) 323-7859
Source:
Lehmannflorida
Added: Aug 13
Changed: Oct 11
Last Checked: Oct 11 at 9:14AM
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 Daniel Chaberman PA
Investment Insights
Based on property information with market context.
This office building contains 48,106 SF across 42 suites, with 33 suites currently leased. The property underwent a gut renovation in 2020 and includes two levels of covered parking, providing a substantial physical base for continued office operations. Its multi-suite format supports both investment ownership and potential future owner-user occupancy.
Located at 955 S Federal Hwy in Fort Lauderdale, the property sits just blocks from the new U.S. Federal Courthouse, a $245 million project scheduled to open in 2027. The surrounding access profile is car-dependent, with some transit and limited bikeability reflected in the recorded scores.
Located at 955 S Federal Hwy in Fort Lauderdale, the property sits just blocks from the new U.S. Federal Courthouse, a $245 million project scheduled to open in 2027. The surrounding access profile is car-dependent, with some transit and limited bikeability reflected in the recorded scores.
Key Highlights
- 48,106 SF office building with 42 suites
- 33 suites currently leased
- Gut‑renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$683,267
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,665,340
$13.7M
Cap Rate 7%
$9,760,957
$9.8M
Cap Rate 9%
$7,591,856
$7.6M
Market Conditions
NOI Build-Up for 23,784 SF
Gross rent
$1.08M $45.60/SF
− Vacancy
−$173.5K −$7.30/SF
EGI
$911.0K $38.30/SF
− OpEx
−$227.8K −$9.58/SF
NOI
$683.3K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,665,340
Cap Rate 7%
$9,760,957
Cap Rate 9%
$7,591,856
Alternative Uses
Best Use
Office B
$9.76M
$8.54M – $11.39M
NOI $683,267 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.98M
$13.98M – $18.65M
NOI $1,118,799 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
42
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Office building - Two levels of covered parking support a multi-suite office configuration suitable for investors or owner-users.
Where is this office building located?
The property is located at 955 S Federal Highway Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $11,950,000.
What are key features of this property?
This property features: 48,106 SF office building with 42 suites; 33 suites currently leased; Gut‑renovated in 2020
