Office Building with Covered
955 S Federal Hwy, Fort Lauderdale, FL 33316
For Sale
New
$11,950,000
The building contains 42 office suites, with 33 currently leased, and is zoned RAC-RPO.
Property Size23,784 SF
Price / SF$502.44
Days on Market4
Property Features for 955 S Federal Hwy
General Information
Standard status
Size
Zoning
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Impact Glass
true
Public
15535
53
Covered,Free Parking
County Road,Highway
23784
1
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Daniel Chaberman PA
(305) 882-9035
Listed By:
MARIA ANDREYCHUK
Source:
Pinirealty
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 10 at 6:27AM
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
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Investment Insights
Based on property information with market context.
This office property contains 42 suites, including 33 that are currently leased. A 2020 gut renovation updated the building, and two levels of covered parking serve the property. The reported in-place cap rate is 7.1%. RAC-RPO zoning is also in place.
The property is at 955 S Federal Highway in Fort Lauderdale, a few blocks from the U.S. Federal Courthouse, which is scheduled to open in 2027.
The property is at 955 S Federal Highway in Fort Lauderdale, a few blocks from the U.S. Federal Courthouse, which is scheduled to open in 2027.
Key Highlights
- 42 office suites; 33 are currently leased
- Gut renovation completed in 2020
- Two levels of covered parking
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$793,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Fort Lauderdale, FL
Properties on Market for Office buildings in Fort Lauderdale
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office building - The building contains 42 office suites, with 33 currently leased, and is zoned RAC-RPO.
Where is this office building located?
The property is located at 955 S Federal Hwy 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: 42 office suites; 33 are currently leased; Gut renovation completed in 2020; Two levels of covered parking
