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    1905 21St Ave Fort Lauderdale, FL 33311

    • Retail space
    • 5,534 SF
    • 0.67 lot acres
    For Sale
    View listing
    $240,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-4255137
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ortiz Fresh Market / Supermarket
    • Harrison’s Market / Supermarket / Atm
    • U-Haul Neighborhood Dealer / Van Rental Agency / Truck Rental Agency

    Property Details for 1905 21St Ave

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.67 lot acres
    Property size
    5,534 SF
    Zone code
    CB
    Property type
    Retail space
    APN
    49-42-29-04-0010
    APU
    494229040010

    Description

    This exceptional corner lot retail property in Fort Lauderdale, Florida, presents a lucrative investment opportunity. Located at 1905 NW 21st Ave, 33311, this established grocery store and meat market boasts a prime location with significant street frontage: 175 feet on 21st Avenue and 158 feet on 19th Street. Built in 1958, the property includes a convenient bathroom and office space. The business currently employs three people and offers a diverse range of services including lottery tickets and sports betting. A significant portion of the revenue is generated from leased machines, with profit sharing agreements ranging from 50% to 80%. An ATM is also on-site. The property features a fenced area and ample parking, catering to the high volume of traffic generated by its coveted corner location. A long-term lease is in place. Inventory is included in the sale price of $240,000. The business's potential for visa acquisition is a noteworthy advantage. Note: A non-disclosure agreement is required for access to detailed financial information.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $505,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $480,000
      Mixed-Use
      $520,000
      Hospitality
      $400,000
      Educational
      $410,000
      Residential Income
      $490,000
      Energy
      $525,000
      Income-Based Land
      $500,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1709
    Latitude
    26.1517
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,062
    $184,200
    $478,400
    $662,600
    -
    $184,200
    $478,400
    $662,600

    Comparable in this City

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      1916 9th St

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    • Value Estimation
      $95,000
      7,071 SF

      3051-3061 19th St

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      900 Sunrise Blvd, Unit 930

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    • Value Estimation by Request
      24,984 SF

      2450 Oakland Park Blvd, Unit 2526

      RETAIL STORES (PERSONAL SERVICES) • 24,984 SF
      2450 Oakland Park Blvd, Oakland Park, FL 33311-1424
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Fort Lauderdale Commercial Property For Sale

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    Similar Nearby for Lease

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      Oakland Park Retail/Medical Space

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    1905 21St Ave
    Fort Lauderdale, FL 33311
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    Realmo Value Estimation

    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.

    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.

    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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