18 NW 1St Ave Fort Lauderdale, FL 33301
Property profile & analytics
18 NW 1St Ave, Fort Lauderdale, FL 33301
- Grocery and convenience stores
- 6,380 SF
- 0.17 lot acres
Property ID
US18-2683374
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.
Location Intelligence
Current Use by Public Records
- One Stop Food Mart / Grocery & Convenience Store
- Hanoun Inc / Grocery & Convenience Store / Food Market
- 24 Hr / Auto Repair Shop / Auto Parts Store
Property Details for 18 NW 1St Ave
- Year built
- 1954
- Construction
- CONCRETE
- Lot size
- 0.17 lot acres
- Zone code
- RAC-CC
- Property type
- Grocery and convenience stores
- APN
- 50-42-10-01-1920
- APU
- 504210011920
Description
This exceptional free-standing retail building, Tropical Press, offers 6,380 square feet in the heart of downtown Fort Lauderdale, directly across from the Brightline Station. The property, built in 1955 and renovated in 2021, features a single-story, 6,380-square-foot building with one tenant currently occupying 50% of the space, leaving a significant opportunity for lease-up or owner-user occupancy. The asking price is $3,300,000, representing a 5.00% cap rate and a pro-forma cap rate of 8.06%. The property's pro-forma NOI is $265,934. Located near W Broward Boulevard, the property benefits from high daily traffic counts (nearly 50,000 vehicles). Its proximity to the Brightline Station and a planned 300+ unit apartment complex further enhances its value. The current lease is a net lease with a remaining term of 2.9 years, expiring October 31, 2027. The property is zoned RAC-CC and is offered fee simple. This presents a compelling value-add investment or owner-user opportunity in a rapidly developing area with strong market fundamentals, including high rental growth and low vacancy rates. The property's location ensures continued appreciation as the surrounding area continues its rapid development.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,140,000
- 6.5%
- $1,975,000
- 7%
- $1,835,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,478,000
Market price range: $869k - $2.06M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1443
- Latitude
- 26.123
- 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
$24,034
$761,250
$581,760
$1,343,010
-
$761,250
$581,760
$1,343,010
