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    1021 NW 1St St Fort Lauderdale, FL 33311

    Office buildings Google Maps
    2,504 SF 0.16 ac lot Built 1957
    Entity Owned 3-yr Hold Free & Clear
    1021 NW 1St St, Fort Lauderdale, FL 33311 For Sale 1 / 40
    $975,000 2,504 SF
    1021 NW 1St St, Fort Lauderdale, FL 33311
    View Listing →
    Estimated value (blended)
    $360k
    Range $324k – $396k (±10%)
    Property ID US18-0105711

    Property summary

    AI-generated overview

    This exceptional two-story commercial building, located at 1021 NW 1st Street in Fort Lauderdale, Florida, presents a unique investment opportunity. Built in 1957, the property sits on a 7,000 square foot lot in the heart of downtown, just one block from Broward Boulevard. Its B-3 zoning allows for a diverse range of uses, making it ideal for tradespeople, startups, breweries, and other businesses. The building's strategic location offers easy access to major highways, the Fort Lauderdale-Hollywood International Airport, and vibrant areas like Flagler Village and FAT Village. This property hasn't been on the market since 1980, representing a rare chance to acquire a well-situated asset in a rapidly developing area. The asking price is $1,200,000. Importantly, this location is within a designated New Market Tax Credit (NMTC) program area and an Opportunity Zone, providing potential tax advantages for investors. Furthermore, the property is eligible for Community Redevelopment Agency (CRA) improvement funds, allowing buyers to customize the building to their specific needs, mirroring successful renovations in the surrounding downtown corridor. Detailed permissible uses are available upon request. This is a remarkable chance to own a piece of Fort Lauderdale's thriving commercial landscape.

    Property profile

    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1957
    Construction CONCRETE
    Total area 2,504 SF
    Lot 0.16 ac (7,000 SF)
    Zoning code B-3
    APN 50-42-04-01-0370
    UPID US18-0105711

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $772k
    Blend (final) Blend
    $360k

    Owner & transaction history

    since 2022
    3 recorded transactions
    2022
    Price N/A
    2022
    Price N/A
    2005
    $49,000

    Zoning & alternative use

    B-3 · Fort Lauderdale, FL
    Zoning description

    Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business…

    General category INDUSTRIAL
    Top alternative use upside
    Medical building $1.2M +86.9%
    Commercial (general) $670,000 +7.3%
    Retail stores $630,000 +0.8%

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $185,000
      1,700 SF
      2701 Oakland Park Blvd Ste, Unit 210
      OFFICE BUILDING (MULTI-STORY)
      2701 Oakland Park Blvd Ste, Oakland Park, FL 33311-1330
      View Details
    • Value Estimation
      $390,000
      1,527 SF
      1640 Oakland Park Blvd Ste, Unit 200
      OFFICE BUILDING (MULTI-STORY)
      1640 Oakland Park Blvd Ste, Oakland Park, FL 33311-1505
      View Details
    • Value Estimation
      $300,000
      970 SF
      1620 Oakland Park Blvd Ste, Unit 203
      OFFICE BUILDING (MULTI-STORY)
      1620 Oakland Park Blvd Ste, Oakland Park, FL 33311-1506
      View Details
    • Value Estimation
      $310,000
      1,158 SF
      2701 Oakland Park Blvd Ste, Unit 205
      OFFICE BUILDING (MULTI-STORY)
      2701 Oakland Park Blvd Ste, Oakland Park, FL 33311-1330
      View Details
    • Value Estimation
      $265,000
      1,548 SF
      2701 Oakland Park Blvd Ste, Unit 220
      OFFICE BUILDING (MULTI-STORY)
      2701 Oakland Park Blvd Ste, Oakland Park, FL 33311-1330
      View Details
    • Value Estimation
      $315,000
      1,205 SF
      2701 Oakland Park Blvd Ste, Unit 225
      OFFICE BUILDING (MULTI-STORY)
      2701 Oakland Park Blvd Ste, Oakland Park, FL 33311-1377
      View Details

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    • $3,960/Mo
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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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