Renovated Office
For Sale
$200,000
C106-3015 N Ocean Blvd, Fort Lauderdale, FL 33305
First-floor office unit with four renovated offices, impact doors and windows, covered parking, and HOA-included internet.
Property Size1,000 SF
Price / SF$200
Days on Market11
Property Features for C106-3015 N Ocean Blvd
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
1
Additional Details
Floor
First Floor
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,856
Amenities
cable
internet
Listing Agency:
Century 21 LUXE HOMES
(954) 573-8888
Listed By:
Stela Leite · License #B26059081
(954) 573-8888
Source:
Exprealty
Added: Aug 1
Changed: Aug 10
Last Checked: Aug 10 at 8:08AM
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 Century 21 LUXE HOMES
Investment Insights
Based on property information with market context.
This first-floor office unit contains four renovated private offices within a mixed-use commercial and residential building. Current impact doors and windows, cable, and a button desk are included, while internet service is provided through the HOA. One covered parking space accompanies the unit.
The property is located at C106-3015 N Ocean Blvd in Fort Lauderdale along a beachside boulevard, with the building positioned steps from the Ocean. The setting combines a professional office environment with proximity to the waterfront and the surrounding boulevard corridor.
The property is located at C106-3015 N Ocean Blvd in Fort Lauderdale along a beachside boulevard, with the building positioned steps from the Ocean. The setting combines a professional office environment with proximity to the waterfront and the surrounding boulevard corridor.
Key Highlights
- 1,000 square foot first‑floor office unit in a mixed‑use commercial and residential building
- Four completely renovated offices
- Current impact doors and windows
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
$15,345
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
7.67%
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%
$306,900
$306.9K
Cap Rate 7%
$219,214
$219.2K
Cap Rate 9%
$170,500
$170.5K
Market Conditions
NOI Build-Up for 1,000 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
$26.4K $26.40/SF
− Vacancy
−$1.8K −$1.85/SF
EGI
$24.6K $24.55/SF
− OpEx
−$9.2K −$9.21/SF
NOI
$15.3K $15.34/SF
Area
Fort Lauderdale, FL
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
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%
$306,900
Cap Rate 7%
$219,214
Cap Rate 9%
$170,500
Alternative Uses
Best Use
Office B
$410.4K
$359.1K – $478.8K
NOI $28,728 @ 7.0% cap · market cap 14.36%
Second Best
Mixed Use
$219.2K
$191.8K – $255.8K
NOI $15,345 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 23.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office unit with four renovated offices, impact doors and windows, covered parking, and HOA-included internet.
Where is this office units located?
The property is located at C106-3015 N Ocean Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,000 square foot first‑floor office unit in a mixed‑use commercial and residential building; Four completely renovated offices; Current impact doors and windows
