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

    1620 4th Ave Fort Lauderdale, FL 33316-2528

    • Medical offices
    • 1,923 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2025
    $1,200,000
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    6%
    Medical offices
    Location Intelligence
    Property ID
    US18-1177654
    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

    • Dr. Camille Dixon / Dentist
    • Dixon & Dixon: Dixon Scott E DDS / Dentist
    • Dixon Mervyn J DDS / Dentist
    • Dentures Today / Dental Clinic

    Property Details for 1620 4th Ave

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    1,923 SF
    Zone code
    RO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    50-42-15-01-3610
    APU
    504215013610

    Description

    This exceptional 1,923-square-foot free-standing office building presents a unique investment opportunity in the heart of Fort Lauderdale. Located directly adjacent to the Broward Health Medical Complex, this Class B property boasts a prime location within a rapidly developing area. Built in 1960 and renovated in 2013, the building sits on a rare 14,175-square-foot lot (approximately one-third of an acre), offering significant potential for expansion, additional parking, or even a complete redevelopment project. Currently vacant, this single-story building features 11 parking spaces and is zoned RO. The asking price is $1,499,000, translating to $779.51 per square foot. The land value alone is $105.75 per square foot. The property's proximity to major shopping centers, hotels, high-end residential neighborhoods, the 17th Street Causeway, Fort Lauderdale-Hollywood International Airport, and Port Everglades makes it exceptionally attractive. The ongoing redevelopment of the surrounding area, including the expansion of the Broward Health Campus and numerous new multifamily, hotel, and retail projects, further enhances its investment potential. This is an ideal owner-user opportunity for businesses and professionals seeking a strategic location in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,044,000
      Market price range: $533k - $1.25M
      AI Estimate
      $933,000
      Market price range: $379k - $1.16M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $895,000
      Current use
      AUTO REPAIR, GARAGE
      $1,560,000
      Change: +74% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,445,000
      Change: +61% Conversion: Difficult
      OFFICE BUILDING
      $1,010,000
      Change: +13% Conversion: Easy
      COMMERCIAL (GENERAL)
      $995,000
      Change: +11% Conversion: Easy
      WAREHOUSE, STORAGE
      $865,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $730,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1386
    Latitude
    26.1014
    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
    $14,628
    $287,040
    $414,120
    $701,160
    -
    $287,040
    $414,120
    $701,160

    Comparable in this City

    • Value Estimation
      $1,250,000
      2,713 SF

      2000 Andrews Ave

      MEDICAL BUILDING • 2,713 SF
      2000 Andrews Ave, Fort Lauderdale, FL 33316-3430
      View Details
    • Value Estimation
      $1,590,000
      5,553 SF

      1726 3rd Ave

      MEDICAL BUILDING • 5,553 SF
      1726 3rd Ave, Fort Lauderdale, FL 33316-2514
      View Details
    • Value Estimation
      $1,085,000
      3,333 SF

      2120-2120 Federal Hwy

      MEDICAL BUILDING • 3,333 SF
      2120-2120 Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • Value Estimation
      $1,955,000
      2,503 SF

      415 12th St

      MEDICAL BUILDING • 2,503 SF
      415 12th St, Fort Lauderdale, FL 33316-1901
      View Details
    • Value Estimation by Request
      1,552 SF

      1319 2nd Ave

      MEDICAL BUILDING • 1,552 SF
      1319 2nd Ave, Fort Lauderdale, FL 33316-1809
      View Details
    • Value Estimation
      $810,000
      1,146 SF

      1524 3rd Ave

      MEDICAL BUILDING • 1,146 SF
      1524 3rd Ave, Fort Lauderdale, FL 33316-2502
      View Details

    Similar Nearby for Sale

    • $2,950,000
      2,531 SF

      Fort Lauderdale Medical Office Building

      Modern Medical Office, Prime Location, 2,531 SF
      415 12Th St, Fort Lauderdale, FL 33316
      View Details
    • $3,277,000
      3,333 SF

      Fort Lauderdale Retail/Office Opportunity

      Freestanding 3,300 SF building on a 0.28-acre corner lot.
      2120 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $2,900,000
      5,129 SF

      Fort Lauderdale Office Portfolio

      Prime Downtown Location, Vacant, Investment Opportunity
      1225 2Nd Ave, Fort Lauderdale, FL 33316
      View Details
    • $195,000

      Cliff Lake Villas Co-op Unit

      Bright 55+ co-op near Las Olas and FLL Airport.
      1025 SE 15Th St, Fort Lauderdale, FL 33316
      View Details
    • $549,000

      Harbor Beach Condo with Water Views

      Furnished 2BR/2BA condo in 55+ community near Fort Lauderdale Beach.
      3073 Harbour Dr, Fort Lauderdale, FL 33316
      View Details
    • $1,899,000

      Fort Lauderdale Commercial/Industrial Opportunity

      Prime location near Broward Health, ideal for office or medical.
      1848 SE 1St Ave, Fort Lauderdale, FL 33316
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      75,420 SF

      Fort Lauderdale Retail Center

      Prime Retail/Medical Space, Port Everglades Area
      1799 17Th St, Fort Lauderdale, FL 33316
      View Details
    • $0.90 SF/Yr
      10,373 SF

      Fort Lauderdale Class A Office Space

      Prime Location, 10,373 sq ft Office
      150 12Th St, Fort Lauderdale, FL 33316
      View Details
    • $20 SF/Yr
      146,953 SF

      Southport Shopping Center: Fort Lauderdale

      Prime Retail/Office Space, Downtown Fort Lauderdale
      1303 17Th St, Fort Lauderdale, FL 33316
      View Details
    • $29 SF/Yr

      Executive Office Suite in Fort Lauderdale

      Premier office space in the heart of Fort Lauderdale.
      500 SE 15Th St, Fort Lauderdale, FL 33316
      View Details
    • $26 SF/Yr
      46,695 SF

      Downtown Fort Lauderdale Office Space

      Prime Fort Lauderdale Office Building, 2,000-12,278 SF
      900 3Rd Ave, Fort Lauderdale, FL 33316
      View Details
    • $0.03 SF/Yr
      9,915 SF

      Prime Location Office Suites Available

      Office suites for rent in Fort Lauderdale's yachting capital.
      1041 SE 17Th St, Fort Lauderdale, FL 33316
      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.
    1620 4th Ave
    Fort Lauderdale, FL 33316-2528
    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.