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Property profile & analytics
FOR SALE
Office buildings
1021 NW 1St St Fort Lauderdale, FL 33311
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0105711
For Sale
1 / 40
$975,000
1021 NW 1St St, Fort Lauderdale, FL 33311
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Property summary
AI-generated overview
This exceptional two-story commercial building, located at 1021 NW 1st Street in Fort Lauderdale, Florida, presents a unique investment opportunity. Built in 1957, the property sits on a 7,000 square foot lot in the heart of downtown, just one block from Broward Boulevard. Its B-3 zoning allows for a diverse range of uses, making it ideal for tradespeople, startups, breweries, and other businesses. The building's strategic location offers easy access to major highways, the Fort Lauderdale-Hollywood International Airport, and vibrant areas like Flagler Village and FAT Village. This property hasn't been on the market since 1980, representing a rare chance to acquire a well-situated asset in a rapidly developing area. The asking price is $1,200,000. Importantly, this location is within a designated New Market Tax Credit (NMTC) program area and an Opportunity Zone, providing potential tax advantages for investors. Furthermore, the property is eligible for Community Redevelopment Agency (CRA) improvement funds, allowing buyers to customize the building to their specific needs, mirroring successful renovations in the surrounding downtown corridor. Detailed permissible uses are available upon request. This is a remarkable chance to own a piece of Fort Lauderdale's thriving commercial landscape.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1957
Construction
CONCRETE
Total area
2,504 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B-3
APN
50-42-04-01-0370
UPID
US18-0105711
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$740k
Owner & transaction history
Flooker Roofing INC · 3 yrs held
Flooker Roofing INC
since 2022
3 recorded transactions
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+86.9%
Commercial (general)
$670,000
+7.3%
Retail stores
$630,000
+0.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
MEDICAL BUILDING
$1,165,000
Change: +87% · Conversion: Easy
COMMERCIAL (GENERAL)
$670,000
Change: +7% · Conversion: Easy
RETAIL STORES
$630,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$580,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$296 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,660
Tax year 2023
Assessed value
$588,770
Assessed 2023
Previous assessed
$588,770
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$77,000
Assessed improvement
$511,770
Land market value
$77,000
Improvement market value
$511,770
Total market value
$588,770
Applied tax rate
312.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
2,504 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B-3
APN
50-42-04-01-0370
UPID
US18-0105711
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Zoning B-3 · permitted uses
B-3 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$625,000
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$670,000
RETAIL STORES
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$580,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Flooker Roofing INC
Entity
Free & Clear · 3 yrs held
Mailing address
1021 NW 1ST ST, FORT LAUDERDALE, FL 33311-8903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
—
Flooker Roofing INC
—
Deed
related
$100,000 · Lijo Investments LLC
Sep 29, 2022
—
Flooker Roofing INC
Flooker Adams
Warranty Deed
—
Jun 13, 2005
$49,000
Thomas A Smith
Reef Properties LLC
Grant Deed
$40,000 · Robert Zimmmerman
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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