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    6365 6Th Way Fort Lauderdale, FL 33309

    • Office buildings
    • 41,198 SF
    • 2.30 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    $960,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0909718
    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

    • Wayne Sandbach & Associates / Insurance Agency
    • Asset and Estate Law, PLLC / Attorney / Estate Planning Attorney
    • NRT REO Experts LLC / Property Management Company / Corporate Office
    • Anita International Corporation / Lingerie Manufacturer / Sportwear Manufacturer
    • HomeRiver Group Fort Lauderdale Property Management / Property Management Company / Service Establishment

    Property Details for 6365 6Th Way

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    2.30 lot acres
    Property size
    41,198 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    49-42-10-29-0090
    APU
    494210290090

    Description

    Cypress Plaza offers 39,513 square feet of renovated Class B office space in Fort Lauderdale's Corporate Park at Cypress Creek. This three-story building, constructed in 1988, boasts 140 parking spaces (a generous 4 spaces per 1,000 square feet), providing ample convenience for tenants and their visitors. Its strategic location offers easy access to I-95 and the Florida Turnpike, ensuring seamless commutes. Public transportation is also readily available. The building is zoned CC and its Broward County APN is 49-42-10-29-0090. Tenancy is multiple, allowing for flexibility in leasing arrangements. The property benefits from its proximity to the Fort Lauderdale Executive Airport and a wealth of nearby amenities, including Chili's, Starbucks, LA Fitness, Office Depot, Chipotle, and CVS, catering to the needs of employees and visitors. The building features a recently completed first-class renovation. The current asking rate is $13.00 per square foot, CAM included; janitorial services are provided. Tenants are responsible for separately metered electric costs. This exceptional location offers a blend of convenience, accessibility, and a vibrant surrounding environment, making it an ideal choice for businesses seeking a thriving and well-equipped workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $960,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1531
    Latitude
    26.2066
    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
    $100,544
    $800,650
    $3,401,090
    $4,201,740
    -
    $800,650
    $3,401,090
    $4,201,740

    Comparable in this City

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    • Value Estimation
      $1,160,000
      10,992 SF

      5201-5255 33rd Ave

      OFFICE BUILDING • 10,992 SF
      5201-5255 33rd Ave, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation
      $675,000
      12,887 SF

      2121 Prospect Rd

      OFFICE BUILDING • 12,887 SF
      2121 Prospect Rd, Tamarac, FL 33309-3039
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    • Value Estimation by Request
      148,439 SF

      899 62nd St

      OFFICE BUILDING (MULTI-STORY) • 148,439 SF
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    • Value Estimation by Request
      203,968 SF

      5900 Andrews Ave

      OFFICE BUILDING (MULTI-STORY) • 203,968 SF
      5900 Andrews Ave, Fort Lauderdale, FL 33309-2367
      View Details
    • Value Estimation
      $1,505,000
      42,054 SF

      6360 5th Way

      OFFICE BUILDING (MULTI-STORY) • 42,054 SF
      6360 5th Way, Fort Lauderdale, FL 33309-6196
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      5,411 SF

      Cypress Centre Class-A Office

      Five-story office building in the heart of Cypress Creek.
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      View Details
    • $16 SF/Yr
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      Prospect Park II Office Suites

      Fort Lauderdale Flex Office Space Available
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    • $17 SF/Yr
      21,805 SF

      Fort Lauderdale Office Space Available

      Plug & Play sublease with amenities and highway access.
      1901 W Cypress Creek Rd, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      100,000 SF

      Renovated Office Space in Fort Lauderdale

      Move-in ready, furnished office spaces with modern amenities available for lease.
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      View Details
    • $27 SF/Yr
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      Fort Lauderdale Office Space Available

      198,528 square foot office building for rent.
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      View Details
    • Contact for pricing
      22,774 SF

      Class A Office Building

      Five-story office building in Cypress Creek Road business district.
      550 W Cypress Creek Rd, Fort Lauderdale, FL 33309
      View Details
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    6365 6Th Way
    Fort Lauderdale, FL 33309
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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.

    More about this property
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