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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 9Th Ave Fort Lauderdale, FL 33301

    • Warehouses
    • 4,114 SF
    • 0.16 lot acres
    For Sale
    View listing
    $3,250,000
    Last Sale
    Jan 05, 2023
    $1,300,000
    Value Estimations
    Cap Rate Potential
    5.6%
    Warehouses
    Location Intelligence
    Property ID
    US18-0263801
    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

    • Blue Realty Of Fort Lauderdale / Real Estate Agency
    • Rami Dashoush Real Estate / Real Estate Agency
    • Protective Film Solutions / Car Wash
    • Digital Comm Link / Department Store
    • Carnegie Group / Real Estate Agency

    Property Details for 15 9Th Ave

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    4,114 SF
    Zone code
    B-3
    Property type
    Warehouses
    APN
    50-42-04-01-0011
    APU
    504204010011

    Description

    This exceptional freestanding office building, located at 15 SE 9th Avenue in Fort Lauderdale, Florida, presents a unique investment opportunity. The property, built in 1960, boasts a total area of 2,252 square feet and sits on a sizable 7,500 square foot lot. Its strategic location, just one block south of Broward Boulevard and two blocks east of US1, offers convenient access to the bustling activity of Downtown Fort Lauderdale while maintaining a tranquil atmosphere on a quiet street. The proximity to the vibrant Las Olas Boulevard, renowned for its diverse culinary and entertainment scene, adds significant appeal. Zoned Residential Office, this property offers considerable redevelopment potential for discerning investors. Ample surface parking is available, ensuring easy access for clients and staff. The building's layout and privacy make it particularly well-suited for businesses such as boutique law firms, architectural practices, or other professional services. The property has been meticulously maintained by its long-term owner, featuring recent upgrades including a new roof and air conditioning system. The asking price is $3,250,000. This property is easily shown and is also available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,220,000
      ML approach
      $1,325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,140,000
      6.5%
      $1,050,000
      7%
      $975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,356,000
      Market price range: $728k - $1.36M
      AI Estimate
      $844,000
      Market price range: $251k - $844k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $955,000
      Current use
      MEDICAL BUILDING
      $1,915,000
      Change: +101% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,100,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: +8% Conversion: Moderate
      OFFICE BUILDING
      $1,025,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1536
    Latitude
    26.1227
    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
    $22,188
    $77,000
    $1,066,680
    $1,143,680
    -
    $77,000
    $1,066,680
    $1,143,680

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      144,016 SF

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    • Value Estimation by Request
      1,808 SF

      800 27th Ave

      WAREHOUSE, STORAGE • 1,808 SF
      800 27th Ave, Fort Lauderdale, FL 33311-6768
      View Details
    • Value Estimation
      $795,000
      3,440 SF

      706 27th Ave1-14

      WAREHOUSE, STORAGE • 3,440 SF
      706 27th Ave1-14, Fort Lauderdale, FL 33311-6639
      View Details
    • Value Estimation
      $1,685,000
      11,055 SF

      2951 27th St, Unit 2959

      WAREHOUSE, STORAGE • 11,055 SF
      2951 27th St, Lauderdale Lakes, FL 33311-2040
      View Details
    • Value Estimation
      $3,195,000
      12,120 SF

      2200 29th St, Unit 2258

      WAREHOUSE, STORAGE • 12,120 SF
      2200 29th St, Oakland Park, FL 33311-2145
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Variety of spaces available in busy shopping/commerce center.
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    Similar Nearby for Lease

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      Oakland Park Small Bay Warehouses

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    15 9Th Ave
    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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