2646 4Th St Fort Lauderdale, FL 33311
- Warehouses
- 3,659 SF
- 0.14 lot acres
Current Use by Public Records
- 2 Plus 1 Financial Enterprise, LLC / Tax Preparation
Property Details for 2646 4Th St
- Year built
- 1969
- Construction
- CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 3,659 SF
- Zone code
- M-2
- Property type
- Warehouses
- APN
- 50-42-05-32-0130
- APU
- 504205320130
Description
This exceptional investment opportunity presents a 3,659 square foot industrial property located at 2646 Northwest 4th Street, Fort Lauderdale, Florida, 33311. The property boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $58,244 annually. Currently operating at 100% occupancy, the building comprises three individual units, each featuring approximately 1,219 square feet. Each unit is separately metered for electricity and includes a small office space, restroom, and a rear overhead door, providing flexibility and convenience for tenants. Situated on a 6,309 square foot lot, the single-story building is strategically positioned just west of I-95, off Broward Boulevard, offering unparalleled access to major transportation arteries, including airports and downtown Fort Lauderdale. The asking price is $970,000, translating to $265 per square foot. This property represents a compelling investment opportunity in a high-demand market, offering a stable income stream and significant potential for future appreciation. The property's excellent location and well-maintained condition make it an attractive option for both seasoned investors and those seeking to diversify their portfolio. Detailed financial information is available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $980,000
- 6.5%
- $840,000
- 7%
- $860,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $940,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $820,000
- Mixed-Use
- $935,000
- Hospitality
- $945,000
- Educational
- $980,000
- Residential Income
- $780,000
- Energy
- $765,000
- Income-Based Land
- $1,060,000
- Food Service
- $980,000
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1774
- Latitude
- 26.1251
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
