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    2400 E Commercial Blvd, Fort Lauderdale, FL 33308 Fort Lauderdale, FL 33308
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    2400 E Commercial Blvd, Fort Lauderdale, FL 33308, Fort Lauderdale, FL 33308

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    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Office buildings

    Property Details for 2400 E Commercial Blvd, Fort Lauderdale, FL 33308

    Year built
    1983
    Property type
    Office buildings
    Property subtype
    Office Units

    Description

    Coastal Tower at 2400 E Commercial Boulevard offers businesses all the advantages of a Downtown Fort Lauderdale office tower – without the gridlock and high occupancy costs. This outstanding architectural structure stands 12 stories tall and features unobstructed water views, flexible layouts, LEED EB Silver and Energy Star certification for energy efficiency, and recognition as a BOMA 360 Performance Building for operational best practices. Coastal Tower boasts professional on-site management and a stable, institutional landlord who owns the building debt-free. The building’s premier amenity package includes an on-site café (Salad Spot), a conference facility, and an upscale fitness center. Additionally, Coastal Tower recently underwent renovations to the executive lounge, conference facility, and common areas to deliver an exceptional office experience for tenants and their clients. Employees and guests also enjoy plentiful complimentary covered parking options in the on-site parking garage, as well as convenient commuting via Commercial Boulevard and Federal Highway/US Route 1. Coastal Tower’s outstanding location provides excellent branding opportunities from the frontage along Commercial Boulevard, easy access to numerous neighborhood amenities, and multiple direct connections to destination retailers in Downtown Fort Lauderdale and Las Olas. For premium amenities in a professional setting without the hassle of a downtown address, look no further – Coastal Tower offers tenants what they want, where they want to be. 24 Hour Access Bus Line Conferencing Facility Fitness Center Food Service Property Manager on Site Air Conditioning

    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
    State
    Florida
    Longitude
    -80.128901
    Latitude
    26.1242719

    Comparable in this City

    • Value Estimation
      $1,155,000
      7,179 SF

      2740 Commercial Blvd, Unit 2748

      RETAIL STORES (PERSONAL SERVICES)
      2740 Commercial Blvd, Fort Lauderdale, FL 33308-4113
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    • Value Estimation by Request
      7,541 SF

      3209 Ocean Blvd

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      3209 Ocean Blvd, Fort Lauderdale, FL 33308
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    • Value Estimation
      $3,395,000
      12,604 SF

      3536 Federal Hwy

      PROFESSIONAL BUILDING (MULTI-STORY)
      3536 Federal Hwy, Fort Lauderdale, FL 33308-6264
      View Details
    • Value Estimation
      $3,945,000
      14,181 SF

      221 Commercial Blvd

      OFFICE BUILDING (MULTI-STORY)
      221 Commercial Blvd, Lauderdale By The Sea, FL 33308-4477
      View Details
    • Value Estimation
      $4,230,000
      20,672 SF

      2501 Commercial Blvd

      OFFICE BUILDING (MULTI-STORY)
      2501 Commercial Blvd, Fort Lauderdale, FL 33308-4131
      View Details
    • Value Estimation
      $3,820,000
      15,268 SF

      275 Commercial Blvd

      OFFICE BUILDING (MULTI-STORY)
      275 Commercial Blvd, Lauderdale By The Sea, FL 33308-4467
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      944 SF

      Office Space in Berkley South

      944 SF office space for sale or lease.
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      High-Rise Office Space Available

      Full-floor office space near Holy Cross Hospital.
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      Renovated Office Space Near Ocean

      Turnkey office suite in mixed-use building, steps from the ocean.
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      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
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    Similar Nearby for Lease

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      3,745 SF

      Class B Office Building with 24/7 Suites

      Class B office building offers separately metered, 24/7-access suites with HVAC control and covered parking.
      3696 North Federal Hwy, Fort Lauderdale, FL 33308
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    • Contact for pricing

      Lauderdale-by-the-Sea Retail & Office

      Retail and office spaces for lease near the beach.
      2801-2809 E Commercial Blvd, Fort Lauderdale, FL 33308
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    • Contact for pricing

      East Ft. Lauderdale Office Space

      Office space for rent in East Ft. Lauderdale.
      3536 North Federal Hwy, Fort Lauderdale, FL 33308
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    • $12 SF/Yr

      Lauderdale-by-the-Sea Retail/Office Space

      Retail and office spaces for lease near the beach.
      2801-2809 E Commercial Blvd, Fort Lauderdale, FL 33308
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    • Contact for pricing

      Office Space with Retail Entrance

      Office space for rent with on-site ownership and parking.
      6550 N Federal Hwy, Fort Lauderdale, FL 33308
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    • Contact for pricing

      Renovated Boutique Office Property Available

      Recently renovated office property with modern finishes and outstanding location.
      1915-1919 NE 45Th St, Fort Lauderdale, FL 33308
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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.

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    2400 E Commercial Blvd, Fort Lauderdale, FL 33308, Fort Lauderdale, FL, 33308
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