Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    315 7Th Ave Fort Lauderdale, FL 33301

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Victoria Cove / Apartment Complex
    • Avenue Of Arts Pawn / Pawn Shop

    Property Details for 315 7Th Ave

    Property type
    Land

    Description

    This exceptional 13,601 square foot development site in Fort Lauderdale, Florida, presents a unique investment opportunity. Located at 315 NE 7th Ave, in Broward County, zip code 33301 (26.1258535, -80.1366215), this property boasts RAC-EMU zoning and an approved site plan for a luxurious 53-unit condominium complex. The project plan includes 106 parking spaces spread across a 15-floor building, resulting in a total gross area of 125,360 square feet. With lot dimensions of approximately 93 feet along NE 4th Street and 146 feet along NE 7th Avenue, the project offers a 51% efficiency rate, translating to 55,877 square feet of sellable area. This prime Fort Lauderdale location, combined with the approved plans for a high-end condominium development, makes this a highly attractive proposition for discerning investors seeking a significant return. The property's strategic location within Fort Lauderdale offers easy access to various amenities and attractions, making it an ideal location for a luxury residential development. This is a rare opportunity to acquire a fully approved project ready for immediate development in a thriving market. All information is based on the provided project plans and should be independently verified.

    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
    -80.1366
    Latitude
    26.1259

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      540 1St Ave

      Land • 0.15 Acres
      540 1St Ave, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      12,752 SF

      418 2Nd Ave

      Multifamily properties • 12,752 SF
      418 2Nd Ave, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      12,500 SF

      94-96 Hendricks Isle

      Multifamily properties • 12,500 SF
      94-96 Hendricks Isle, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      4,000 SF

      200 16Th Ave

      Multifamily properties • 4,000 SF
      200 16Th Ave, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request

      824 4Th St

      Multifamily properties
      824 4Th St, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      6,060 SF

      1635 Broward Blvd

      Multifamily properties • 6,060 SF
      1635 Broward Blvd, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.70 Acres

      Flagler Village Development Site

      Prime 0.7-acre multifamily land
      425 3Rd Ave, Fort Lauderdale, FL 33301
      View Details
    • $995,000
      0.15 Acres

      Flagler Village Development Land

      Prime 0.15-acre lot, Fort Lauderdale
      540 1St Ave, Fort Lauderdale, FL 33301
      View Details
    • $6,500,000

      Prime Development Opportunity in Fort Lauderdale

      Ideal for hotel or commercial development near key Fort Lauderdale locations.
      1801 Se 10Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $18,000,000
      1.72 Acres

      Downtown Fort Lauderdale Office Building

      Prime location, high-density zoning, development potential.
      800 Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • $1,250,000

      Flagler Village Development Opportunity

      Three-parcel assemblage in Flagler Village, ideal for redevelopment.
      440 NE 1St Ave, Fort Lauderdale, FL 33301
      View Details
    • $1,300,000
      0.16 Acres

      Land

      7,000 sqft corner lot zoned for multiple residences.
      701 NE 1St St, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Apartment For Rent

      Apartment available for rent in building under construction.
      90 Isle Of Venice Dr, Fort Lauderdale, FL 33301
      View Details
    • $2,249 /Mo

      Fort Lauderdale Multifamily Rental

      Multifamily property available for rent in Fort Lauderdale, Florida.
      1109 E Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • $2,350 /Mo

      Apartments Near Fort Lauderdale Beach

      Apartment community located near shops, dining, and the coastline.
      313 Hendricks Isle 3, Fort Lauderdale, FL 33301
      View Details
    • $2,945 /Mo

      Updated Duplex in Victoria Park

      Bright, modern duplex with updated features in desirable Victoria Park.
      1641 NE 5Th Ct, Fort Lauderdale, FL 33301
      View Details
    • $2,100 /Mo

      Victoria Park Villa For Rent

      Stylish 1-bedroom villa near Las Olas Boulevard.
      320 NE 15Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $3,250 /Mo

      Renovated Apartment Near Las Olas

      Recently renovated 2 bed, 2 bath apartment in Victoria Park.
      301 NE 15Th Ave, 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.
    315 7Th 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.