Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2803 Commercial Blvd Fort Lauderdale, FL 33308
    Back to Search
    Property profile & analytics

    2803 Commercial Blvd Fort Lauderdale, FL 33308

    View on Map
    • Office properties & Spaces
    • 14,678 SF
    • 0.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Leonid Altshuler / Physician
    • Linda Ndou PA / Real Estate Agency
    • Daniel Galapo, PA / Real Estate Agency
    • Ron McCord Apartment Building Sales RE/MAX / Real Estate Agency
    • FIRST TITLE OF BROWARD / Title Company

    Property Details for 2803 Commercial Blvd

    Year built
    1971
    Lot size
    0.25 lot acres
    Property size
    14,678 SF
    Property type
    Office properties & Spaces

    Description

    This 14,678-square-foot Class C office building, constructed in 1971, is situated on 0.25 acres in Fort Lauderdale's East Fort Lauderdale submarket, at 2803 E Commercial Blvd, 33308. The property features a traditional office layout with multiple tenancies, offering a maximum contiguous space of 6,872 square feet and currently has 5,837 square feet vacant. The building boasts 20 total parking spaces, elevators, and is zoned CB. Its prime location on Commercial Boulevard, one of Fort Lauderdale's busiest roadways, provides exceptional visibility and accessibility, with convenient access to US1, A1A, and I-95. The second floor includes fully built-out, turnkey offices featuring large windows, attractive views, a shared conference room, a kitchen, a private elevator, and secure entry. These offices are currently divided but can be easily combined into a single open floor plan. A popular retail center occupies the first floor, including The Fish Peddler, La Cake, and Coral Ridge Animal Hospital. The building has a 1.35 FAR.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1087
    Latitude
    26.19

    Comparable in this City

    • Value Estimation by Request

      Federal Hwy

      Office properties & Spaces
      0 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request

      Federal Hwy

      Medical Office Space
      0 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request

      5431 Federal Hwy

      Office properties & Spaces
      5431 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      55,810 SF

      3300 34Th St

      Lifestyle centers • 55,810 SF
      3300 34Th St, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      21,834 SF

      1915-1919 45Th St

      Office properties & Spaces • 21,834 SF
      1915-1919 45Th St, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      11,609 SF

      5130 Federal Hwy

      Individual retail properties • 11,609 SF
      5130 Federal Hwy, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Alteration Business Opportunity in Fort Lauderdale

      Established alteration business with equipment for sale in Fort Lauderdale.
      5130 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $5,399,000
      9,000 SF

      Waterfront Mixed-Use Building For Sale

      Three-story mixed-use building with waterfront views in Lauderdale-by-the-Sea.
      240 Commercial Blvd, Lauderdale by the Sea, FL 33308
      View Details
    • Contact for pricing
      1,119 SF

      Renovated Office Space Near Ocean

      Move-in ready office suite in East Fort Lauderdale.
      3015 N Ocean Blvd, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Lease

    • $0.02 SF/Yr
      14,286 SF

      Fort Lauderdale Office Space for Lease

      Prime location, newly remodeled suites.
      4390 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent in Fort Lauderdale, Florida.
      3696 North Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $0.01 SF/Yr
      44,127 SF

      Fort Lauderdale Office Space for Lease

      Prime Office, 44,127 sq ft, B-1 Zoning
      6245 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing

      Professional Office Space Available

      Class B office building with high visibility and convenient access.
      3696 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing

      Medical Office Space Near Hospital

      Medical office spaces for lease near Holy Cross Hospital.
      4801 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $28 SF/Yr
      5,580 SF

      Fort Lauderdale High-Rise Office Space

      Full-floor office space with panoramic views near Holy Cross Hospital.
      4875 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2803 Commercial Blvd
    Fort Lauderdale, FL 33308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2803 Commercial Blvd, Fort Lauderdale, FL, 33308
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!