Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    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
      $1,425,000
      5,706 SF

      1952 Sunrise Blvd, Unit 1962

      RETAIL STORES (PERSONAL SERVICES) • 5,706 SF
      1952 Sunrise Blvd, Fort Lauderdale, FL 33304-1400
      View Details
    • Value Estimation
      $5,685,000
      14,348 SF

      1133 Federal Hwy, Unit 1165

      RETAIL STORES (PERSONAL SERVICES) • 14,348 SF
      1133 Federal Hwy, Fort Lauderdale, FL 33304-1423
      View Details
    • Value Estimation by Request
      0.75 Acres

      1401 5Th Ave

      Individual retail properties • 5,330 SF
      1401 5Th Ave, Fort Lauderdale, FL 33304
      View Details
    • Value Estimation by Request
      9,137 SF

      1520 Federal Hwy, Unit 1540

      RETAIL STORES (PERSONAL SERVICES) • 9,137 SF
      1520 Federal Hwy, Fort Lauderdale, FL 33304-1432
      View Details
    • Value Estimation
      $2,445,000
      4,316 SF

      815 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,316 SF
      815 2nd Ave, Fort Lauderdale, FL 33304-1934
      View Details
    • Value Estimation
      $1,150,000
      1,387 SF

      1416 4th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,387 SF
      1416 4th Ave, Fort Lauderdale, FL 33304-1034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,828 SF

      Fort Lauderdale Retail Condo Units

      Prime East Sunrise Blvd location, 7,828 SF
      2455 Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • Contact for pricing
      1 SF

      Entitled Hotel/Condo Development Opportunity

      Shovel-ready 1.51 AC site for hotel or condo development.
      3016 Bayshore Dr, Fort Lauderdale, FL 33304
      View Details
    • $1,200,000

      Fort Lauderdale Commercial Building For Sale

      Free-standing commercial building with high visibility in prime location.
      1100 NE 4Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $3,400,000

      Studio City Mixed-Use Property

      Mixed-use property in prime location, ideal for investors/owner-users.
      533 Ne 13Th St, Fort Lauderdale, FL 33304
      View Details
    • Contact for pricing

      Versatile Commercial Space Near Beach

      981 sq ft commercial space, one block from the beach.
      905 Sunrise Ln, Fort Lauderdale, FL 33304
      View Details
    • $4,900,000

      Flagler Village Development Opportunity

      Adjacent properties in Fort Lauderdale's vibrant M.A.S.S. District.
      804-810 805 & 810, Fort Lauderdale, FL 33304
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr

      Studio City Retail End-Cap

      Retail space in thriving Studio City, Downtown Fort Lauderdale.
      535 NE 132Nd Way, Fort Lauderdale, FL 33304
      View Details
    • $3,900 /Mo

      Fort Lauderdale Retail Space Available

      Retail space for lease in a prime Fort Lauderdale location.
      921 NE 20Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $32 SF/Yr

      Flagler Village Flex Space Available

      1,500 SF flex space in vibrant Flagler Village.
      716-718 NE 2Nd Ave, Fort Lauderdale, FL 33304
      View Details
    • $3,200 /Mo

      Versatile Commercial Space Near Beach

      981 SF commercial space, one block from the beach.
      905 Sunrise Ln, Fort Lauderdale, FL 33304
      View Details
    • $34 SF/Yr
      1,600 SF

      Retail/Office Space on Sunrise Blvd

      1,600 SF retail/office space in central Fort Lauderdale.
      900-930 W Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • $60 SF/Yr

      Retail Space in Gateway Center

      Centrally located retail space with high visibility and ample parking.
      1930 E Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1408 NE 4Th Ave
    Fort Lauderdale, FL 33301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.