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Property profile & analytics
OFF-MARKET Estimated value $11,435,000
Retail space

2701 Federal Hwy Fort Lauderdale, FL 33306-1423

24,940 SF 2.57 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-0812806
Property summary
AI-generated overview

This exceptional 30,777-square-foot free-standing retail building presents a unique investment opportunity in the heart of Fort Lauderdale's thriving retail market. Located on US1, this single-tenant property boasts unparalleled visibility and accessibility, ensuring high foot traffic and brand recognition. Constructed in 1997, the building sits on a substantial 4,872,839,400 square foot lot, offering ample space and potential for future expansion or development. The property benefits from its strategic location near major retailers such as Dick's Sporting Goods, Best Buy, Whole Foods Market, Target, Marshalls, and T.J. Maxx, drawing significant consumer traffic to the immediate area. With an average daily traffic count of 54,000 vehicles along US1, this location guarantees exceptional exposure. The building's proximity to the burgeoning downtown Fort Lauderdale urban core further enhances its appeal, positioning it for sustained growth and profitability. Currently, the entire 30,777 square feet is available for lease, providing a blank canvas for a discerning tenant seeking a prominent presence in a high-demand location within Broward County. This property represents a rare opportunity to secure a prime retail space in one of South Florida's most dynamic and desirable markets.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction CONCRETE
Total area 24,940 SF
Lot 2.57 ac (111,865 SF)
Zoning code B-1
APN 49-42-25-05-0180
UPID US18-0812806
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Burlington Clothing Store Baby Clothing Store
  • KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.21M
Blend (final) Blend
$11.44M
Owner & transaction history
Oak Street Investment Grade Net Lea · 4 yrs held
Oak Street Investment Grade Net Lea
since 2022
Last sale
$13.7M
5 recorded transactions
2022
$13.7M
2020
$11.0M
2020
Price N/A
2019
$11.0M
1997
$4.6M
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $18.8M +98.3%
Commercial (general) $12.9M +36.5%
Industrial (general) $11.7M +23.9%
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