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

    350 2nd Stcu2 Fort Lauderdale, FL 33301-1919

    • Retail space
    • 7,450 SF
    OFF-MARKET
    Last Sale
    Jul 19, 2022
    $3,600,000
    Value Estimations
    $2,895,000
    Show details
    Cap Rate Potential
    4.4%
    Retail space
    Location Intelligence
    Property ID
    US18-2594459
    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

    • Fort Lauderdale SEO Experts InVisionWorks / Website Designer / Marketing Agency
    • 350 Las Olas Place -Private / Condominium Complex
    • Hattab Raed MD / Pain Management Physician
    • 954 372 2266 / Legal Services
    • Multihull Co / Boat Dealer

    Property Details for 350 2nd Stcu2

    Year built
    2005
    Construction
    CONCRETE
    Property size
    7,450 SF
    Zone code
    RAC-CC
    Property type
    Retail space
    APN
    50-42-10-AP-0020
    APU
    504210AP0020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,020,000
      ML approach
      $2,905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,210,000
      6.5%
      $2,040,000
      7%
      $1,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,198,000
      Market price range: $1.60M - $4.25M
      AI Estimate
      $1,886,000
      Market price range: $566k - $3.26M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,825,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,500,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $3,470,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1397
    Latitude
    26.1203
    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
    $67,417
    $324,000
    $2,916,000
    $3,240,000
    -
    $324,000
    $2,916,000
    $3,240,000

    Comparable in this City

    • Value Estimation
      $1,235,000
      4,677 SF

      2424 Las Olas Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,677 SF
      2424 Las Olas Blvd, Fort Lauderdale, FL 33301-1564
      View Details
    • Value Estimation
      $950,000
      2,979 SF

      1231 Las Olas Blvd, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 2,979 SF
      1231 Las Olas Blvd, Fort Lauderdale, FL 33301-2331
      View Details
    • Value Estimation by Request
      1,550 SF

      350 2nd Stcu1

      RETAIL STORES (PERSONAL SERVICES) • 1,550 SF
      350 2nd Stcu1, Fort Lauderdale, FL 33301-1919
      View Details
    • Value Estimation
      $825,000
      4,640 SF

      612 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      612 2nd St, Fort Lauderdale, FL 33301-1616
      View Details
    • Value Estimation by Request
      1,500 SF

      111 8th Avecu1

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      111 8th Avecu1, Fort Lauderdale, FL 33301-2031
      View Details
    • Value Estimation
      $5,925,000
      5,573 SF

      407 Andrews Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,573 SF
      407 Andrews Ave, Fort Lauderdale, FL 33301-3213
      View Details

    Similar Nearby for Sale

    • $350,000

      Established Salon in Prime Location

      Turnkey salon business with loyal clientele in high-traffic Fort Lauderdale.
      Fort Lauderdale, FL 33301
      View Details
    • $2,750,000
      6,781 SF

      Leased Mixed-Use Assemblage For Sale

      Fully leased mixed-use assemblage in Fort Lauderdale's Central Business District.
      730 W Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      13,704 SF

      Las Olas Boulevard Retail Building

      Fully-leased retail building on Las Olas Boulevard with high exposure.
      1207 E Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details
    • $40,000

      Fort Lauderdale Brow Bar Business

      Boutique brow bar business opportunity near Fort Lauderdale beach.
      Confidential, Fort Lauderdale, FL 33301
      View Details
    • $1,500,000

      Downtown Fort Lauderdale Investment Opportunity

      Two buildings in downtown Fort Lauderdale, ideal for investment.
      516 SW Flagler Ave, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      101,840 SF

      Class A Office Building

      Seven-story Class A office building with retail and restaurant space.
      550 South Andrews Ave, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      1,163 SF

      Retail Space in Fort Lauderdale

      Retail spaces available in a well-located neighborhood shopping center.
      1101-1165 N Federal Hwy, Fort Lauderdale, FL 33301
      View Details
    • $55 SF/Yr
      1,500 SF

      Retail Space in Flagler Village

      Retail space for rent in Fort Lauderdale's Flagler Village.
      821 N Federal Hwy, Fort Lauderdale, FL 33301
      View Details
    • $35 SF/Yr
      3,525 SF

      Downtown Fort Lauderdale Retail/Office Space

      Class A office and retail space in emerging Solo District.
      550 S Andrews Ave, Fort Lauderdale, FL 33301
      View Details
    • $40 SF/Yr
      1,387 SF

      Freestanding Retail/Office Building For Rent

      Freestanding retail/office building in Fort Lauderdale's Studio City neighborhood.
      1416 NE 4Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $55 SF/Yr

      Retail Space in Flagler Village

      Retail space in vibrant mixed-use Flagler Village development.
      501 NE 5Th Ter, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      1,970 SF

      Retail Space in Fort Lauderdale

      Retail space with grease trap and ventilation in place.
      220 SE 2Nd St, Fort Lauderdale, FL 33301
      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.
    350 2nd Stcu2
    Fort Lauderdale, FL 33301-1919
    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.