Renovated Fort Lauderdale
For Sale
$4,500,000
921 NW 8th Ave, Fort Lauderdale, FL 33311
Renovated 8,976 SF building near Downtown Fort Lauderdale.
Property Size8,976 SF
Price / SF$501.34
Days on Market275
Property Features for 921 NW 8th Ave
General Information
Standard status
Active
Size
8,976 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
8,976 SF
Year Built
1979
Listing Agency:
Berger Commercial Realty
(954) 234-8777
Listed By:
Keith Kidwell, SIOR, CCIM · License #BK520060
(954) 234-8777
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 19
Last Checked: Aug 23 at 3:51AM
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 Berger Commercial Realty
Investment Insights
Based on property information with market context.
This 8,976 square foot building, located at 921 NW 8 Avenue, Fort Lauderdale, FL, has been totally renovated. Renovations include a new TPO roof, air conditioning, epoxy flooring, overhead doors, asphalt parking lot, fencing, and an electric gate. The building features poured concrete walls with a concrete Twin "T" roof system. The property is situated in east Broward county, approximately 1.3 miles from I-95, 1.7 miles from Downtown Fort Lauderdale, 6.6 miles from Fort Lauderdale/Hollywood International Airport, and 7.5 miles from the Fort Lauderdale Executive Airport, near NW 9th Avenue and W Sunrise Blvd. The building contains approximately 800 square feet of office space, approximately 6,000 square feet of warehouse space, and a mezzanine area of approximately 2,176 square feet. The property includes a fenced-in secure parking area. Possible uses include a man cave, manufacturing, flex warehouse, or showroom.
Key Highlights
- Totally renovated 8,976 SF building with new roof, AC, flooring, doors, parking lot, fencing, and electric gate.
- Ideally located in east Broward County, close to I‑95 and Downtown Fort Lauderdale.
- Boasts +/- 6,000 SF of warehouse space and +/- 2,176 SF of mezzanine area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$159,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,197,800
$3.2M
Cap Rate 7%
$2,284,143
$2.3M
Cap Rate 9%
$1,776,556
$1.8M
Market Conditions
NOI Build-Up for 8,976 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$247.7K $27.60/SF
− Vacancy
−$19.3K −$2.15/SF
EGI
$228.4K $25.45/SF
− OpEx
−$68.5K −$7.63/SF
NOI
$159.9K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,197,800
Cap Rate 7%
$2,284,143
Cap Rate 9%
$1,776,556
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,890 @ 7.0% cap · market cap 3.55%
Second Best
Warehouse
$2.13M
$1.86M – $2.49M
NOI $149,107 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$6.03M
$5.28M – $7.04M
NOI $422,231 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Delbrouck Car Storage — 617 NW 2nd Ave, Fort Lauderdale, FL 33311
- Zion Storage Units — 745 NW 7th Terrace, Fort Lauderdale, FL 33311
- River Tarpon Marine — 607 N Andrews Ave, Fort Lauderdale, FL 33311
- Sweet Self Storage Units — 498 NW 6th Ave, Fort Lauderdale, FL 33311
- American Speed Factory — 990 NW 11th Ave, Fort Lauderdale, FL 33311
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated 8,976 SF building near Downtown Fort Lauderdale.
Where is this warehouse located?
The property is located at 921 NW 8th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Totally renovated 8,976 SF building with new roof, AC, flooring, doors, parking lot, fencing, and electric gate.; Ideally located in east Broward County, close to I‑95 and Downtown Fort Lauderdale.; Boasts +/- 6,000 SF of warehouse space and +/- 2,176 SF of mezzanine area.
