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Property profile & analytics
OFF-MARKET Estimated value $3,970,000
Office buildings

727 3rd Ave Fort Lauderdale, FL 33304-2646

7,313 SF 0.37 ac lot Built 1972
Entity Owned 9-yr Hold Free & Clear
Property ID
US18-5198861
Property summary
AI-generated overview

This exceptional 2,438-square-foot creative office space is located on the third floor of a three-story building at 727 NE 3rd Ave, Fort Lauderdale, FL 33304. The property boasts abundant natural light, sleek polished concrete floors, and a desirable single-tenant occupancy. The unit features two private offices and a spacious open layout, perfect for a variety of business needs. Amenities include private elevator access, dedicated restrooms, a fully equipped kitchen, and access to a welcoming lobby area. Four designated parking spaces are included with the lease. The building's zoning is 18-01, and the APN is 494234071639. The total building square footage is 7,313 square feet. This prime location in Fort Lauderdale's Flagler Village offers easy access to Las Olas Boulevard and nearby amenities. The convenient location also places the property within walking distance of Circle House Coffee, providing a convenient option for casual meetings. This modern office space offers a unique blend of style, functionality, and convenience, making it an ideal location for businesses seeking a sophisticated and productive work environment. The property is currently vacant.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1972
Construction CONCRETE
Total area 7,313 SF
Lot 0.37 ac (16,108 SF)
Zoning code RAC-UV
APN 49-42-34-07-1630
UPID US18-5198861
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
  • Interior Design Fort Lauderdale Interior Design Home Decor Store
  • Circle House Coffee Cafe & Coffee Shop
  • Hodge T Paul Law Firm
  • Hodge David P Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.45M
Comparable Approach Comparable
$4.78M
Blend (final) Blend
$3.97M
Owner & transaction history
Ajax Ftl LLC · 9 yrs held
Ajax Ftl LLC
since 2017
7 recorded transactions
2019
Price N/A
2017
$900,000
2017
$1.4M
2013
$305,000
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RAC-UV · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.2M +39.6%
Auto repair, garage $5.9M +32.5%
Commercial (general) $5.8M +29.7%
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