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    1625 Cordova Rd Fort Lauderdale, FL 33316
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    1625 Cordova Rd, Fort Lauderdale, FL 33316

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    • Grocery and convenience stores
    • 39,818 SF
    • 2.70 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Fort Lauderdale Retail Space Available For Lease
    $26 SF/Yr
    40,200 SF

    Fort Lauderdale Retail Space Available

    Prime retail space in Fort Lauderdale with high traffic exposure.

    1625 Cordova Road, Fort Lauderdale, FL
    View Listing
    Property ID
    US18-0223785
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cardtronics ATM / Atm
    • Coinhub Bitcoin ATM Teller / Atm
    • CDReload - Online Bitcoin ATM / Atm / Crypto Atm
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Winn-Dixie / Grocery & Convenience Store / Food Market

    Property Details for 1625 Cordova Rd

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    2.70 lot acres
    Zone code
    B-1
    Property type
    Grocery and convenience stores
    APN
    50-42-14-16-0660
    APU
    504214160660

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 10, 2019 — Wd Cordova LLC — Loan Modification · related $8.3M · Miscellaneous Ins Co
    Mar 15, 2006 — Wd Cordova LLC Walnut Street Partners Lllp Warranty Deed —
    Mar 15, 2006 $5,000,000 Wd Cordova LLC Lf LLP Warranty Deed $4M · Great Florida Bank
    Feb 17, 2003 — Walnut Street Partners Lllp Thomas,v Est Grant Deed · related —
    Jan 9, 1997 $1,021,000 Lf Limited LP Law,william F Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1313
    Latitude
    26.1017
    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
    $168,276
    $2,944,300
    $4,434,740
    $7,379,040
    -
    $2,944,300
    $4,434,740
    $7,379,040

    Comparable in this City

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      $960,000
      2,819 SF

      401 Seabreeze Blvd

      CONVENIENCE STORE
      401 Seabreeze Blvd, Fort Lauderdale, FL 33316-1621
      View Details
    • Value Estimation
      $770,000
      2,698 SF

      2300 Andrews Ave

      CONVENIENCE STORE
      2300 Andrews Ave, Fort Lauderdale, FL 33316-3948
      View Details
    • Value Estimation
      $1,595,000
      6,623 SF

      605 20th St

      RETAIL STORES (PERSONAL SERVICES)
      605 20th St, Fort Lauderdale, FL 33316-3518
      View Details
    • Value Estimation
      $685,000
      2,924 SF

      1301 17th St

      FINANCIAL BUILDING
      1301 17th St, Fort Lauderdale, FL 33316-1707
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    • Value Estimation
      $2,900,000
      10,349 SF

      201-203 Ft Lauderdale Bch Blvd

      RETAIL STORES (PERSONAL SERVICES)
      201-203 Ft Lauderdale Bch Blvd, Fort Lauderdale, FL 33316
      View Details
    • Value Estimation
      $4,295,000
      28,919 SF

      17 Ft Lauderdale Bch Blvd

      RETAIL STORES (PERSONAL SERVICES)
      17 Ft Lauderdale Bch Blvd, Fort Lauderdale, FL 33316-1530
      View Details

    Similar Nearby for Sale

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      Prime Fort Lauderdale Storefront

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    • $3,277,000

      Fort Lauderdale Retail/Office Opportunity

      Freestanding 3,300 SF building on a 0.28-acre corner lot.
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      8,424 SF

      Prime Development Opportunity Near Airport

      2.4 acres with existing structure, ideal for redevelopment.
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    Similar Nearby for Lease

    • $26 SF/Yr

      Second-Generation Supermarket Space Available

      Prime commercial property with high visibility and traffic flow.
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      40,200 SF

      Fort Lauderdale Retail Space Available

      Prime retail space in Fort Lauderdale with high traffic exposure.
      1625 Cordova Rd, Fort Lauderdale, FL 33316
      View Details
    • Contact for pricing
      1,327 SF

      Retail and Office Space Available

      Retail and office spaces for lease in Fort Lauderdale.
      1800-1865 Cordova Rd, Fort Lauderdale, FL 33316
      View Details
    • Contact for pricing
      3,000 SF

      Retail/Office Complex with Ocean Access

      Prime retail/office space with dockage and direct ocean access.
      1515-1535 SE 17Th St, Fort Lauderdale, FL 33316
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    • Contact for pricing
      1,720 SF

      Retail Space on Las Olas

      Retail space available for lease in Fort Lauderdale, Florida.
      151 Las Olas Cir, Fort Lauderdale, FL 33316
      View Details
    • Contact for pricing
      1,013 SF

      Retail/Office Space in Fort Lauderdale

      Prime retail opportunity with high traffic and tourist exposure.
      1300-1497 SE 17Th St, Fort Lauderdale, FL 33316
      View Details

    Property Visit Statistics

    • Visits by month
      19.8k
    • Visitors by month
      11.9k
    • Avg Time on site
      21 min
    View Listing
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    Fort Lauderdale, FL 33316
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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.

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    1625 Cordova Rd, Fort Lauderdale, FL, 33316
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