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Property profile

5101 21st Ave Fort Lauderdale, FL 33309

OFF-MARKET
Industrial properties
Property ID
US19-0824130
View Sample
65,098 SF 6.09 ac lot Built 1986
Entity Owned 7-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional investment opportunity presents two flex office buildings totaling 4,061 square feet, situated on a sizable 6.09-acre leasehold site within the prestigious Fort Lauderdale Executive Airport Industrial Airpark. The property, constructed in 1987, boasts a prime location in Fort Lauderdale's Uptown Business District/Cypress Creek submarket, offering unparalleled convenience with direct access to Interstate 95 and the Florida Turnpike via Commercial Boulevard. The buildings feature a total of 254 parking spaces, ensuring ample parking for tenants and visitors. Currently, the entire 4,061 square feet is available, divisible into spaces ranging from a minimum of 1,629 square feet to a maximum contiguous space of 2,432 square feet. The property comprises two suites in total, providing flexibility for various business needs. This strategically located property within the 200-acre airpark offers a unique blend of accessibility and functionality, making it an ideal choice for businesses seeking a modern and efficient workspace in a thriving commercial area of Broward County, Florida. The property's address is 5101 NW 21st Ave, Fort Lauderdale, FL 33309.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1986
Construction CONCRETE
Total area 65,098 SF
Lot 6.09 ac (265,245 SF)
Zoning code AIP
APN 49-42-09-29-0160
UPID US19-0824130

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineer
  • Corporate Office
  • Pharmacy
  • Law Firm
  • Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.37M
Comparable Approach Comparable
$7.49M
Blend (final) Blend
$11.86M

Owner & transaction history

since 2019
4 recorded transactions
2019
$5.5M
2018
Price N/A
2015
$4.6M
2014
$400,100

Zoning & alternative use

AIP · Fort Lauderdale, FL
Zoning description

Attributes fake-general-subgroup Lot Size - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District A…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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