Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1404 Mcnab Rd Fort Lauderdale, FL 33309
    Back to Search
    Property profile & analytics

    1404 Mcnab Rd, Fort Lauderdale, FL 33309

    View on Map
    • Warehouses
    • 29,960 SF
    • 1.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1404 Mcnab Rd

    Year built
    1981
    Lot size
    1.52 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a 29,960-square-foot free-standing multi-tenant warehouse building in Fort Lauderdale, Florida. Located at 1404-1412 W McNab Road, this property boasts a prime location within the Gateway Industrial Park/Cypress Creek Uptown District, offering easy access to I-95 and the Florida Turnpike. The building, constructed in 1981, features four bays, each approximately 7,490 square feet, with 20-foot clear ceilings and 100% air conditioning. The property sits on a 1.516-acre lot and includes 58 parking spaces. The building is currently 100% leased, generating a strong net operating income (NOI) of $456,890 and a compelling 5.87% capitalization rate. Built with twin tee concrete construction, this warehouse offers exceptional durability and functionality. Its strategic location provides proximity to the Fort Lauderdale Executive Airport, the new Inter Miami CF Soccer Stadium, and numerous restaurants, hotels, and retail establishments. The asking price is $8,950,000, translating to $298.73 per square foot. The property is zoned I. This is a rare chance to acquire a high-performing, well-located industrial asset with significant upside potential.

    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
    -80.1627
    Latitude
    26.2104

    Comparable in this City

    • Value Estimation by Request
      63,274 SF

      3350 53Rd St

      Distribution properties
      3350 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request
      43,006 SF

      1052-1090 53Rd St

      Distribution properties
      1052-1090 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request
      10,113 SF

      3507-3530 10Th Ave

      Distribution properties
      3507-3530 10Th Ave, Oakland Park, FL 33309
      View Details
    • Value Estimation by Request
      12,520 SF

      821-835 45Th St

      Distribution properties
      821-835 45Th St, Oakland Park, FL 33309
      View Details
    • Value Estimation by Request
      59,791 SF

      6600 12Th Ave

      Manufacturing properties
      6600 12Th Ave, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request

      5600-5620 12Th Ave

      Distribution properties
      5600-5620 12Th Ave, Fort Lauderdale, FL 33309
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Air Conditioned Warehouse Near Airport

      15,575 SF flex space with air-conditioned warehouse and office.
      2610 NW 55Th Ct, Fort Lauderdale, FL 33309
      View Details
    • $1,200,000
      4,860 SF

      Fort Lauderdale Warehouse Condominium

      4,860 SF warehouse condo near DRV PNK Stadium.
      5300 NW 12Th Ave, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      4,860 SF

      Fort Lauderdale Warehouse Condominium

      4,860 SF warehouse condominium near DRV PNK Stadium.
      5300 NW 12Th Ave, Fort Lauderdale, FL 33309
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Renovated Warehouse/Production Space Available

      Renovated warehouse/production space with easy access to major highways.
      Fort Ter, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing

      Industrial Warehouse For Rent

      Large divisible warehouse suitable for showroom, distribution, and fulfillment centers.
      800 NW 65Th St, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      9,560 SF

      Industrial Warehouse Space in Ft. Lauderdale

      Prime industrial, warehouse, and distribution space in Ft. Lauderdale, FL.
      4710 Nw 15Th Ave, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      41,179 SF

      Fort Lauderdale Warehouse/Production Space

      Recently renovated warehouse/production space in Fort Lauderdale's Gateway Industrial Park.
      6682 Northwest 16Th Ter, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      47,740 SF

      Fort Lauderdale Warehouse with Dock

      15,080 SF warehouse with dock and loading positions.
      4700 Northwest 15Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $16 SF/Yr

      Fort Lauderdale Small-Bay Industrial Space

      Multi-tenant industrial building with dock-high and grade-level access.
      3559-3675 NW 53Rd St, Fort Lauderdale, FL 33309
      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.
    1404 Mcnab Rd
    Fort Lauderdale, FL 33309
    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
    1404 Mcnab Rd, Fort Lauderdale, FL, 33309
    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!