114 5th St, Unit 118 Fort Lauderdale, FL 33301-3212
Property profile & analytics
114 5th St, Unit 118 Fort Lauderdale, FL 33301-3212
- Warehouses
- 5,623 SF
- 0.19 lot acres
Property ID
US19-0803946
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.
Location Intelligence
Current Use by Public Records
- Asphalt Repair Service Near Me Fort Lauderdale Squad / General Contractor / Construction Company
Property Details for 114 5th St
- Year built
- 1959
- Construction
- CONCRETE
- Lot size
- 0.19 lot acres
- Property size
- 5,623 SF
- Zone code
- RAC-UV
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 50-42-03-02-1460
- APU
- 504203021460
Description
This exceptional $7,700,000 office property at 114 NW 5th Street in Fort Lauderdale, Florida, presents a unique investment opportunity. Situated in the vibrant Fat Village, a rapidly developing area of Downtown Fort Lauderdale, this property benefits from its strategic location between West Sunrise Boulevard and West Broward Boulevard. Its proximity to Fort Lauderdale's Brightline Station (a 5-minute walk) enhances its appeal and accessibility. The site is designated as an Opportunity Zone, offering potential tax advantages for investors. This location allows for the development of a mixed-use or multifamily project, with zoning regulations permitting construction up to 30 stories high, with no setbacks. The absence of setbacks maximizes buildable space and design flexibility. This property is also eligible for the Live Local Act, potentially providing additional incentives. Note that an additional parcel of 0.37 acres is available for purchase separately (MLS F10468630) for $6.5 million. The current lot size is not specified. This property offers significant potential for substantial returns in a high-growth area. The property is currently classified as an office building, but its zoning allows for a wide range of development possibilities. This is a rare chance to acquire a prime development site in one of South Florida's most dynamic neighborhoods.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,110,000
- 6.5%
- $1,025,000
- 7%
- $950,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $589,000
Market price range: $404k - $1.08M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1453
- Latitude
- 26.1276
- 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
$19,786
$609,450
$527,040
$1,136,490
-
$609,450
$527,040
$1,136,490
