Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3213 Ocean Blvd N Ocean Blvd Lauderdale-by-the-Sea, FL 33308
    Back to Search
    Property profile & analytics

    3213 Ocean Blvd N Ocean Blvd Lauderdale-by-the-Sea, FL 33308

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3213 Ocean Blvd N Ocean Blvd

    Property type
    Retail properties & Spaces

    Description

    This exceptional 7,541 square foot retail building is situated at 3213 N Ocean Blvd #1, Fort Lauderdale, FL 33308, boasting a prime location on A1A in the upscale Galt Ocean Mile. The two-story building offers a single tenancy, perfect for a variety of uses, such as a professional office or a high-end beauty spa. Its bright and well-maintained interior provides a welcoming atmosphere for clients and employees. The property benefits from exceptional visibility, with over 30,000 vehicles passing daily on A1A and over 32,000 on nearby Oakland Park Boulevard, ensuring significant foot traffic and brand exposure. Its location within walking distance of Fort Lauderdale beach further enhances its appeal. The surrounding area is vibrant, featuring numerous bars, restaurants, coffee shops, high-rise condominiums, waterfront properties, and luxury homes, creating a thriving and affluent community. The property's APN is 494319010550. While parking spaces are not included on the property, the high volume of traffic and pedestrian activity in the area makes this a highly desirable location for a business seeking maximum visibility and accessibility. This is a rare opportunity to acquire a well-positioned retail space in a highly sought-after area of Fort Lauderdale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lauderdale-by-the-Sea
    County
    State
    Florida
    Longitude
    -80.0979
    Latitude
    26.1825

    Comparable in this City

    • Value Estimation by Request
      59,174 SF

      6200-6294 Federal Hwy

      Individual retail properties • 59,174 SF
      6200-6294 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request

      5130 Federal Hwy

      Retail properties & Spaces
      5130 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      1,550 SF

      Italian Restaurant For Sale In Lauderdale By The Sea - Location

      Restaurants • 1,550 SF
      0 Italian Restaurant For Sale In Lauderdale By The Sea - Location, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request

      4350 Federal Hwy

      Restaurants
      4350 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      11,609 SF

      5130 Federal Hwy

      Retail properties & Spaces • 11,609 SF
      5130 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request

      5130 Federal Hwy

      Retail properties & Spaces
      5130 Federal Hwy, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,556 SF

      Freestanding Restaurant Building For Sale

      7,556 SF fully equipped restaurant on 2-acre lot.
      6500 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      7,000 SF

      Fort Lauderdale Freestanding Restaurant Building

      7,000 SF freestanding, fully equipped restaurant with outdoor seating.
      3496 N Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
    • $1,444,800
      3,612 SF

      Mixed-Use Property in Coastal District

      Mixed-use property with retail and residential units in Fort Lauderdale.
      3345-3347 NE 32Nd Ave, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing

      Retail Property on NE 32nd

      Retail space for sale with high traffic and parking.
      3250 Northeast 32Nd St, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Fort Lauderdale Flex Space Available

      Prime Flex Space, 1,000 SF Available
      3520 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      3,757 SF

      Premier Office Building with Ocean Views

      Class A office space with modern amenities and ocean views.
      6451 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $0.01 SF/Yr
      27,142 SF

      Prime Fort Lauderdale Retail Space

      27,142 SF Single-Tenant Retail Opportunity
      6201 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $1.81 SF/Yr
      11,609 SF

      Fort Lauderdale Retail Space For Lease

      Prime Retail, High Traffic, Turnkey Space
      5130 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $32 SF/Yr

      Galt Ocean Drive Retail Space

      Ground floor retail space near the beach in Fort Lauderdale.
      3425 Galt Ocean Dr, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Ground floor retail and office space with drive-through.
      6245 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.
    3213 Ocean Blvd N Ocean Blvd
    Lauderdale-by-the-Sea, 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
    3213 Ocean Blvd N Ocean Blvd, Lauderdale-by-the-Sea, 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!