Freestanding Manufacturing
For Sale
$3,375,000
990 Northwest 13th Terrace, Fort Lauderdale, FL 33311
The facility includes loading access and three-phase electrical service for industrial operations.
Property Size8,747 SF
Price / SF$385.85
Days on Market153
Property Features for 990 Northwest 13th Terrace
General Information
Standard status
Active
Size
8,747 SF
Property subtype
Industrial - Manufacturing
Warehouse & Industrial
Clear Height
17 ft
Power
750 amps
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Building Size
8,747 SF
Buildings
1
Listing Agency:
Berger Commercial Realty
(954) 802-6031
Listed By:
Jordan Beck · License #SL3444296
Source:
Commercialcafe
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 29 at 9:15PM
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 freestanding manufacturing building contains 8,747 SF and is configured for industrial operations. The facility includes multiple loading doors, 17-foot clear height, and 3-phase power rated at 750 amps. The property is in Fort Lauderdale, east of I-95, with downtown Fort Lauderdale and Fort Lauderdale International Airport described as minutes away. Its standalone building format combines loading access, vertical clearance, and substantial electrical capacity in a facility suited to the production, distribution, and warehousing functions identified for the property.
Key Highlights
- 8,747 SF freestanding manufacturing building
- 3‑phase power providing 750 amps
- Multiple loading doors
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
$126,303
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
3.74%
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%
$2,526,060
$2.5M
Cap Rate 7%
$1,804,329
$1.8M
Cap Rate 9%
$1,403,367
$1.4M
Market Conditions
NOI Build-Up for 8,747 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
$188.9K $21.60/SF
− Vacancy
−$8.5K −$0.97/SF
EGI
$180.4K $20.63/SF
− OpEx
−$54.1K −$6.19/SF
NOI
$126.3K $14.44/SF
Area
Fort Lauderdale, FL
Vacancy
4.50%
Lease Rate
$21.60 /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%
$2,526,060
Cap Rate 7%
$1,804,329
Cap Rate 9%
$1,403,367
Alternative Uses
Best Use
Industrial
$1.80M
$1.58M – $2.11M
NOI $126,303 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.88M
$5.14M – $6.86M
NOI $411,459 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - The facility includes loading access and three-phase electrical service for industrial operations.
Where is this manufacturing property located?
The property is located at 990 Northwest 13th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 8,747 SF freestanding manufacturing building; 3‑phase power providing 750 amps; Multiple loading doors
