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    Property profile & analytics

    3937 David Blvd Fort Lauderdale, FL 33312

    • Retail properties
    For Sale
    View listing
    $90,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3937 David Blvd

    Property type
    Retail properties
    Property subtype
    Bars

    Description

    This exceptional retail investment opportunity in Fort Lauderdale, Florida, presents a thriving Hispanic minimart located at 3937 David Blvd, 33312. Established for over 12 years, this business boasts a strong track record and consistent income generation. The asking price is $90,000, and the sale includes all inventory, appliances, and existing beer and wine licenses. The current employees are willing to remain, providing seamless transition for the new owner. Furthermore, the business is designed for autonomous operation, allowing for absentee ownership. The current owner is available to assist with the transition if needed, ensuring a smooth handover. Potential buyers are requested to refrain from interacting with employees regarding the sale. Detailed financial statements (P&L sheet) are available upon request. This turnkey operation in a prime Broward County location presents a rare chance to acquire a well-established and profitable business. The property's latitude and longitude coordinates are 26.0898957, -80.1819268 respectively. This is a truly exceptional opportunity for a savvy investor seeking a strong return on investment in a high-demand market.

    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
    -80.1819
    Latitude
    26.0899

    Comparable in this City

    • Value Estimation by Request

      2630 Broward Blvd

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    • Value Estimation
      $575,000
      3,902 SF

      110 Nugent Ave

      BAR, TAVERN • 3,902 SF
      110 Nugent Ave, Fort Lauderdale, FL 33312-1773
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    • Value Estimation by Request
      1,158 SF

      3800 Davie Blvd

      BAR, TAVERN • 1,158 SF
      3800 Davie Blvd, Fort Lauderdale, FL 33312-3404
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    • Value Estimation
      $9,385,000
      8,329 SF

      301 Himmarshee St

      BAR, TAVERN • 8,329 SF
      301 Himmarshee St, Fort Lauderdale, FL 33312-1705
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    • Value Estimation by Request

      Convenience Store

      Restaurants
      0 Convenience Store, Fort Lauderdale, FL 33312
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    • Value Estimation
      $645,000
      4,080 SF

      2813 Broward Blvd, Unit 2829

      NIGHTCLUB (COCKTAIL LOUNGE) • 4,080 SF
      2813 Broward Blvd, Fort Lauderdale, FL 33312-1247
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing

      Fort Lauderdale Retail Space For Lease

      8,050 SF Turnkey Retail Space in Prime Location
      3200 Davie Blvd, Fort Lauderdale, FL 33312
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      Tamarac Commercial/Industrial Special Purpose Space

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    • New
      $25 SF/Yr

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    3937 David Blvd
    Fort Lauderdale, FL 33312
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    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
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