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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5170 N Federal Hwy Fort Lauderdale, FL 33308

    • Retail space
    • 5,980 SF
    • 0.17 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Last Sale
    Jul 07, 2022
    $1,375,000
    Value Estimations
    $1,425,000
    Cap Rate Potential
    9.2%
    Retail space
    Location Intelligence
    Property ID
    US18-4320961
    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

    • Royce Kitchen & Closet / Hardware & Home Improvement / Furniture & Home Goods
    • Blue Dream Geospatial / Marketing & Advertising / Photography Service
    • TROPICAL STAMPS & COINS - Please note new hours. Also, mornings are by appointment only. / (Bike/Boat/Book/etc) Store
    • Strong Roofing Repair / Roofing Company / General Contractor
    • Lauderdale Garage Door Repair / Building Supply / General Contractor

    Property Details for 5170 N Federal Hwy

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    5,980 SF
    Zone code
    B-1
    Property type
    Retail space
    APN
    49-42-13-09-0060
    APU
    494213090060

    Description

    This exceptional office building, located at 5170 N Federal Hwy, offers a variety of renovated office spaces perfect for businesses of all sizes. The building, constructed in 1970 and boasting a B1 zoning classification, comprises 5,980 square feet across two stories. Currently, 3,000 square feet of space is available, with a minimum divisible unit of 1,400 square feet. The property features multiple tenancies, providing flexibility for various business needs. The building's prime location on Federal Highway ensures excellent visibility, with a daily traffic count of 44,000 vehicles. This translates to significant exposure for your business. Ample parking is available directly in front of the building, providing convenient access for clients and employees. The second-floor office spaces benefit from elevator access and abundant natural light, creating a bright and productive work environment. The property's APN is 494213090060. This is a rare opportunity to secure high-quality office space in a highly desirable location. The flexible space options, combined with the building's amenities and prime location, make this an ideal choice for businesses seeking a professional and accessible workspace. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,155,000
      ML approach
      $1,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,775,000
      6.5%
      $1,640,000
      7%
      $1,520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,699,000
      Market price range: $1.39M - $2.53M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,000,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1131
    Latitude
    26.1922
    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
    $24,999
    $150,000
    $987,470
    $1,137,470
    -
    $150,000
    $987,470
    $1,137,470

    Comparable in this City

    • Value Estimation
      $1,100,000
      5,794 SF

      3290-3298 33rd St

      RETAIL STORES (PERSONAL SERVICES) • 5,794 SF
      3290-3298 33rd St, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation
      $1,010,000
      4,525 SF

      112-112A Commercial Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,525 SF
      112-112A Commercial Blvd, Lauderdale By The Sea, FL 33308
      View Details
    • Value Estimation by Request
      59,174 SF

      6200-6294 Federal Hwy

      Individual retail properties • 59,174 SF
      6200-6294 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation
      $1,135,000
      6,432 SF

      3300-3312 32nd St

      RETAIL STORES (PERSONAL SERVICES) • 6,432 SF
      3300-3312 32nd St, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation
      $830,000
      3,856 SF

      230 Commercial Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,856 SF
      230 Commercial Blvd, Lauderdale By The Sea, FL 33308-4438
      View Details
    • Value Estimation
      $2,500,000
      6,305 SF

      5640 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,305 SF
      5640 Federal Hwy, Fort Lauderdale, FL 33308-2651
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,279 SF

      Retail Property on NE 32nd

      Retail space for sale with high traffic and parking.
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      Established Beauty Salon For Sale

      Profitable beauty salon with loyal customer base and prime location.
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      Retail Space in North Beach

      Prime retail space in Fort Lauderdale's North Beach Shopping District.
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    Similar Nearby for Lease

    • Contact for pricing
      5,600 SF

      Commercial Space For Lease

      Retail, office, restaurant, or showroom space available for lease.
      3099 E Commercial Blvd, Fort Lauderdale, FL 33308
      View Details
    • $23 SF/Yr
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      Fort Lauderdale Retail & Office Space

      Prime location, flexible suites available
      6245 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $35 SF/Yr
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      Retail Space For Lease

      Retail space available for lease.
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      Retail Space on N Ocean

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      Fort Lauderdale Retail Space For Rent

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      View Details
    • $40 SF/Yr

      Seagrape Commons Retail, Office, Restaurant

      Iconic building near the beach with retail, office, restaurant spaces.
      222 E Commercial Blvd, Fort Lauderdale, FL 33308
      View Details
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    Fort Lauderdale, FL 33308
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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.

    More about this property
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