7240 Commercial Blvd Lauderhill, FL 33319
- Parking lots & garages
- 2,521 SF
- 0.67 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 7240 Commercial Blvd
- Year built
- 1987
- Lot size
- 0.67 lot acres
- Property size
- 2,521 SF
- Zone code
- CG
- Property type
- Parking lots & garages
- APN
- 49-41-15-14-0040
- APU
- 494115140040
Description
This exceptional new development in Lauderhill, Florida, offers 9,500 square feet of Class A retail, office, and medical space situated on a 1.33-acre lot (57,998 square feet) with 200 feet of frontage on heavily trafficked Commercial Boulevard (54,000+ daily traffic count). The property boasts two single-story buildings, totaling six suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 7,000 square feet. One building is a 2,400 square foot free-standing drive-through quick-service restaurant (QSR) building. The second building provides approximately 7,000 square feet of flexible space ideal for retail, office, or medical uses. Ample parking is available across both parcels. The property is zoned C3, allowing for a variety of uses within the City of Lauderhill. Built in 2025, this development benefits from a hard turn-in and an existing monument sign for excellent visibility. This prime location presents a unique opportunity for businesses seeking high-traffic exposure in a thriving area. The property features a convenient location with easy access to major transportation routes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,115,000
- 6.5%
- $2,300,000
- 7%
- $2,060,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,375,000
- Geo Method
- $2,300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,460,000
- Retail
- $1,975,000
- Mixed-Use
- $1,935,000
- Hospitality
- $1,960,000
- Educational
- $2,265,000
- Residential Income
- $2,535,000
- Energy
- $2,130,000
- Income-Based Land
- $2,480,000
- Food Service
- $2,070,000
Location Insight
- Map
- Local Demand
- City
- Lauderhill
- County
- Broward
- State
- Florida
- Longitude
- -80.2476
- Latitude
- 26.1932
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
