Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    416 1St Ave Fort Lauderdale, FL 33301

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    416 1St Ave Fort Lauderdale, FL 33301

    View on Map
    • Retail properties & Spaces
    • 2,050 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Angelsoftluxury / Clothing Store
    • Rocket Roofing & Repair / Roofing Company / General Contractor
    • Blink Charging Station / Electric Vehicle Charging Station
    • Lashes by Tami / Hair Salon
    • DepartamentoFortLaudardale / Hotel & Motel

    Property Details for 416 1St Ave

    Year built
    2021
    Property size
    2,050 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 2,050-square-foot restaurant space is ideally situated in the heart of downtown Fort Lauderdale, Florida, at 416 SW 1st Ave, 33301. Built in 2021, this end-cap unit boasts prominent frontage and signage on Andrews Avenue, offering unparalleled visibility. Located just one block from Las Olas Boulevard, the property benefits from a high concentration of office and residential units, creating a substantial captive consumer base. The space includes an outdoor patio, perfect for creating a vibrant and inviting atmosphere. The lease is a NNN format with a base rent of $12 per square foot. The total rent is $40 per square foot. The property is zoned RAC-CC and is available for immediate occupancy. This location is within the thriving S.O.L.O. District (South of Las Olas), known for its recent growth and influx of new residents and businesses. The property's lush landscaping provides a rare opportunity for an outdoor seating area in a bustling urban setting. Furthermore, the building features Class A apartments upstairs, and thousands of market-rate apartments and high-end residential condos are within walking distance. This presents a unique chance to establish a thriving business in a dynamic and rapidly developing area.

    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
    -80.1441
    Latitude
    26.1172

    Comparable in this City

    • Value Estimation by Request
      1,771 SF

      4COP Sfs License In Pl

      Restaurants • 1,771 SF
      4COP Sfs License In Pl, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      3,600 SF

      Affordable Entry To Las Olas

      Restaurants • 3,600 SF
      0 Affordable Entry To Las Olas, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      3,351 SF

      790 Broward Blvd

      Restaurants • 3,351 SF
      790 Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      4,600 SF

      Lauderdale Las Olas Trophy Downtown Ft

      Restaurants • 4,600 SF
      Lauderdale Las Olas Trophy Downtown Ft, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request

      441 2Nd Ave

      Office Units
      441 2Nd Ave, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request

      1261 Las Olas Blvd

      Retail properties & Spaces
      1261 Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Building

      Seven-story Class A office building with retail and restaurant space.
      550 South Andrews Ave, Fort Lauderdale, FL 33301
      View Details
    • $10,500,000

      Retail Property For Sale

      Retail property available for purchase in Fort Lauderdale, Florida.
      250 N Federal Hwy, Fort Lauderdale, FL 33301
      View Details
    • $900,000

      Fort Lauderdale Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant with high ratings and growth potential.
      511 SE 5Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $400,000
      3,120 SF

      Fort Lauderdale Restaurant Opportunity

      Turnkey restaurant with liquor license near Fort Lauderdale Beach.
      1025 N Federal Hwy, Fort Lauderdale, FL 33301
      View Details
    • $2,750,000
      6,781 SF

      Leased Mixed-Use Assemblage For Sale

      Fully leased mixed-use assemblage in Fort Lauderdale's Central Business District.
      730 W Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      13,704 SF

      Las Olas Boulevard Retail Building

      Fully-leased retail building on Las Olas Boulevard with high exposure.
      1207 E Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Las Olas

      Retail and restaurant spaces available on vibrant Las Olas.
      401 E Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      1,970 SF

      Retail Space in Fort Lauderdale

      Retail space with grease trap and ventilation in place.
      220 SE 2Nd St, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      9,500 SF

      Restaurant/Retail Space on Broward Blvd

      High-profile restaurant or retail space with outdoor patio potential.
      150 SE 3Rd Ave, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      2,681 SF

      Thrive Arts District Retail Opportunity

      Retail, office, or food and beverage spaces available for lease.
      744-748 Nw 5Th Ave, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      1,172 SF

      Thrive Arts District Retail Opportunity

      Retail, office, or food and beverage spaces available for lease.
      710-726 Nw 5Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $55 SF/Yr
      2,033 SF

      Fort Lauderdale Restaurant and Bar

      Restaurant and bar space in a prime Fort Lauderdale location.
      501-575 N Federal Hwy, Fort Lauderdale, FL 33301
      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.
    416 1St Ave
    Fort Lauderdale, FL 33301
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!