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    Property profile & analytics

    1408 NE 4Th Ave Fort Lauderdale, FL 33301

    • Retail space
    • 5,330 SF
    • 0.30 lot acres
    For Sale
    View listing
    $2,275,000
    Last Sale
    Aug 11, 2022
    $2,500,000
    Value Estimations
    Cap Rate Potential
    5.1%
    Retail space
    Location Intelligence
    Property ID
    US18-4676343
    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

    • Retail space

    Property Details for 1408 NE 4Th Ave

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    0.30 lot acres
    Property size
    5,330 SF
    Zone code
    RM-15
    Property type
    Retail space
    APN
    49-42-34-02-0710
    APU
    494234020710

    Description

    This exceptional 5,330-square-foot freestanding retail building is ideally situated at 1408 NE 4th Ave in Fort Lauderdale, Florida, within Broward County (zip code 33304). Constructed in 1961, the property boasts ample parking, a significant advantage for both customers and employees. The building is currently entirely vacant, presenting a unique opportunity for a single tenant to occupy the entire space. With a prominent 50-foot frontage on NE 4th Ave, this location offers excellent visibility and accessibility. The high traffic volume, indicated by an Annual Average Daily Traffic (AADT) count of 17,400 vehicles, ensures substantial exposure to potential customers. This property is classified as a single-tenant retail space, making it an attractive option for businesses seeking a dedicated and independent location. The building's size and prominent location make it suitable for a variety of retail uses. The property's vacant status allows for immediate occupancy and customization to suit a tenant's specific needs. This presents a rare opportunity to establish a strong retail presence in a high-traffic area of Fort Lauderdale. The ample parking further enhances the property's appeal, ensuring convenient access for customers and staff. Serious inquiries are encouraged to explore this prime retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,860,000
      ML approach
      $1,990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,580,000
      6.5%
      $1,460,000
      7%
      $1,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,383,000
      Market price range: $1.49M - $4.86M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,015,000
      Current use
      WAREHOUSE, STORAGE
      $3,415,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $3,260,000
      Change: +8% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,505,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1402
    Latitude
    26.1444
    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
    $21,747
    $311,900
    $649,720
    $961,620
    -
    $311,900
    $649,720
    $961,620

    Comparable in this City

    • Value Estimation
      $1,015,000
      4,810 SF

      835 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,810 SF
      835 2nd Ave, Fort Lauderdale, FL 33304-1980
      View Details
    • Value Estimation
      $8,560,000
      50,101 SF

      900 Federal Hwy, Unit 928

      RETAIL STORES (PERSONAL SERVICES) • 50,101 SF
      900 Federal Hwy, Fort Lauderdale, FL 33304-2707
      View Details
    • Value Estimation by Request
      1,612 SF

      850 Flagler Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,612 SF
      850 Flagler Dr, Fort Lauderdale, FL 33304-2607
      View Details
    • Value Estimation by Request
      1,195 SF

      505 Ft Lauderdale Bch Blvdcu3

      RETAIL STORES (PERSONAL SERVICES) • 1,195 SF
      505 Ft Lauderdale Bch Blvdcu3, Fort Lauderdale, FL 33304-4109
      View Details
    • Value Estimation
      $2,385,000
      8,022 SF

      1617-1621 Sunrise Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,022 SF
      1617-1621 Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • Value Estimation
      $1,960,000
      6,075 SF

      1785 Sunrise Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,075 SF
      1785 Sunrise Blvd, Fort Lauderdale, FL 33304-3016
      View Details

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    • Contact for pricing
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      Fort Lauderdale Retail Condo Units

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      Fort Lauderdale Commercial Building For Sale

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      Adjacent properties in Fort Lauderdale's vibrant M.A.S.S. District.
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    Similar Nearby for Lease

    • $40 SF/Yr

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      Fort Lauderdale Retail Space Available

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      Retail/Office Space on Sunrise Blvd

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      View Details
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      Prime Retail Space Available

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      1030 Seminole Dr, Fort Lauderdale, FL 33304
      View Details
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    Fort Lauderdale, FL 33301
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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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