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

    1501 26Th Ave Fort Lauderdale, FL 33304

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1502023
    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

    • Commercial real estate

    Property Details for 1501 26Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional 1.935 million dollar investment opportunity presents a rare chance to acquire a prime parcel of land in Fort Lauderdale's desirable Wilton Manors area. The property, located at 1501 NE 26th Ave, boasts an existing triplex, providing immediate income potential. The location offers unparalleled convenience, with close proximity to Las Olas Boulevard, the beach, a vibrant array of restaurants and shopping, and abundant entertainment options. Adding to its appeal, the property includes an in-progress residential construction project featuring two duplexes (four units total). Each duplex unit is planned for four bedrooms, four bathrooms, and approximately 4,000 square feet of living space, spread across three levels. This presents a unique opportunity for developers and investors to capitalize on the strong demand for housing in this area, completing the project to their specifications and realizing a high return on investment. The property's excellent visibility and accessibility further enhance its value. Don't miss this chance to acquire a truly unique and lucrative investment property in a highly sought-after Fort Lauderdale location. The property is zoned for residential use and is situated in Broward County, Florida, zip code 33304.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1135399
    Latitude
    26.1465499

    Comparable in this City

    • $599,000

      Intracoastal Waterfront Boutique Building

      Boutique building with Intracoastal views and renovated pool.
      215 N Birch Rd, Fort Lauderdale, FL 33304
      View Details
    • $5,450,000

      Waterfront Multifamily Property on Seminole

      Multifamily property with ocean access, stable leases, and dockage.
      1354 Bayview Dr, Fort Lauderdale, FL 33304
      View Details
    • $624,900

      Luxury Waterfront Condo with Views

      Renovated one-bedroom condo with intracoastal and city views.
      215 N Birch 8C, Fort Lauderdale, FL 33304
      View Details
    • New
      $999,900
      0.15 Acres

      Victoria Park Multifamily Investment

      Five units in two buildings, great investment opportunity.
      812 NE 15Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $799,000

      Spacious Duplex Near Wilton Drive

      Duplex with modern kitchens, pool, and near Wilton Drive.
      1401-1403 NE 13Th St, Fort Lauderdale, FL 33304
      View Details
    • $750,000

      Furnished Duplex in Lake Ridge

      Turnkey duplex in Fort Lauderdale's Lake Ridge neighborhood.
      1411 NE 12Th St, Fort Lauderdale, FL 33304
      View Details

    Similar Nearby for Sale

    • $599,000

      Intracoastal Waterfront Boutique Building

      Boutique building with Intracoastal views and renovated pool.
      215 N Birch Rd, Fort Lauderdale, FL 33304
      View Details
    • $5,450,000

      Waterfront Multifamily Property on Seminole

      Multifamily property with ocean access, stable leases, and dockage.
      1354 Bayview Dr, Fort Lauderdale, FL 33304
      View Details
    • $624,900

      Luxury Waterfront Condo with Views

      Renovated one-bedroom condo with intracoastal and city views.
      215 N Birch 8C, Fort Lauderdale, FL 33304
      View Details
    • New
      $999,900
      0.15 Acres

      Victoria Park Multifamily Investment

      Five units in two buildings, great investment opportunity.
      812 NE 15Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $799,000

      Spacious Duplex Near Wilton Drive

      Duplex with modern kitchens, pool, and near Wilton Drive.
      1401-1403 NE 13Th St, Fort Lauderdale, FL 33304
      View Details
    • $750,000

      Furnished Duplex in Lake Ridge

      Turnkey duplex in Fort Lauderdale's Lake Ridge neighborhood.
      1411 NE 12Th St, Fort Lauderdale, FL 33304
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Furnished Studio Apartment For Rent

      Fully furnished studio apartment with utilities included in rent.
      2624 NE 14Th St S, Fort Lauderdale, FL 33304
      View Details
    • $2,375 /Mo

      Updated Residence in Fort Lauderdale

      Updated 2-bedroom, 2-bath residence in Fort Lauderdale's South Middle River.
      1211 NE 2Nd Ave, Fort Lauderdale, FL 33304
      View Details
    • $2,500 /Mo

      Spacious Duplex Unit in Victoria Park

      Two-bedroom duplex unit near Holiday Park and Las Olas.
      630 NE 14Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $1,700 /Mo

      Lake Melba Cozy Rental

      Cozy 2BR/1BA rental near the beach and Wilton Manors.
      1804 NE 13Th St, Fort Lauderdale, FL 33304
      View Details
    • $1,695 /Mo

      Fort Lauderdale Apartment For Rent

      Spacious 2/2 apartment near downtown Fort Lauderdale.
      610 NE 12Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $1,775 /Mo

      Furnished Triplex Unit For Rent

      One-bedroom triplex unit with in-unit laundry and patio.
      642 NE 16Th St, Fort Lauderdale, FL 33304
      View Details
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    Fort Lauderdale, FL 33304
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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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