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

    790 1St St Fort Lauderdale, FL 33311

    • Auto shops
    • 2,145 SF
    • 0.48 lot acres
    For Lease
    View listing
    $110 SF/Yr
    Last Sale
    Aug 05, 2021
    $1,250,000
    Value Estimations
    $1,885,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3743376
    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

    • Best Buy Repos inc / Used Car Dealer

    Property Details for 790 1St St

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Property size
    2,145 SF
    Zone code
    B-3
    Property type
    Auto shops
    APN
    50-42-10-20-0380
    APU
    504210200380

    Description

    This exceptional 10,000 square foot auto sales lot, located at 790 NW 1st St in downtown Fort Lauderdale, Florida (zip code 33311), presents a fantastic opportunity for car dealerships or related businesses. The property boasts a prime location in a heavily trafficked area, ensuring high visibility and potential customer reach. The lot is fully paved, fenced, and secure, providing a safe and controlled environment for vehicles. Ample parking is available, with space for up to 40 cars or trucks. A sales office is included within the property's footprint. The property is a single-tenant retail space specifically suited for auto sales, car lots, or similar automotive businesses. The asking rent is $8,000 NNN. The landlord is motivated to secure a suitable tenant and is open to rent improvement negotiations. This is a rare opportunity to acquire a well-situated and fully equipped auto sales lot in a thriving downtown location. The property's features, combined with its strategic location, make it an ideal investment for businesses seeking to establish or expand their operations in the Fort Lauderdale market. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,650,000
      ML approach
      $1,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,592,000
      Market price range: $741k - $2.59M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,740,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,615,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1517
    Latitude
    26.1228
    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
    $24,213
    $525,000
    $632,420
    $1,157,420
    -
    $525,000
    $632,420
    $1,157,420

    Comparable in this City

    • Value Estimation
      $375,000
      1,883 SF

      1020 9th Ave

      AUTO REPAIR, GARAGE • 1,883 SF
      1020 9th Ave, Fort Lauderdale, FL 33311-6221
      View Details
    • Value Estimation
      $2,030,000
      5,850 SF

      700-704 Andrews Ave

      AUTO REPAIR, GARAGE • 5,850 SF
      700-704 Andrews Ave, Fort Lauderdale, FL 33311
      View Details
    • Value Estimation
      $1,300,000
      119,072 SF

      300 24th St

      AUTO REPAIR, GARAGE • 119,072 SF
      300 24th St, Wilton Manors, FL 33311-3853
      View Details
    • Value Estimation
      $500,000
      4,815 SF

      1100 Oakland Park Blvd

      AUTO REPAIR, GARAGE • 4,815 SF
      1100 Oakland Park Blvd, Wilton Manors, FL 33311-1612
      View Details
    • Value Estimation
      $590,000
      8,958 SF

      1718-1728 38th Ave

      AUTO REPAIR, GARAGE • 8,958 SF
      1718-1728 38th Ave, Lauderhill, FL 33311
      View Details
    • Value Estimation
      $375,000
      1,538 SF

      2373 19th St

      AUTO REPAIR, GARAGE • 1,538 SF
      2373 19th St, Fort Lauderdale, FL 33311-3437
      View Details

    Similar Nearby for Sale

    • $6,500,000
      20,427 SF

      Fort Lauderdale Industrial Property

      High-traffic Auto Shop & Warehouse
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    • $675,000
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      Prime Fort Lauderdale Retail Space

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      Fort Lauderdale Industrial Building For Sale

      6,855 SF industrial building on 10,125 SF lot.
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    • $2,950,000

      Oakland Park Boulevard Dealership Site

      High-visibility location ideal for used car dealership with ample display.
      2990 West Oakland Park Blvd, Fort Lauderdale, FL 33311
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    • Contact for pricing

      Lauderhill Site for Parking/IOS

      Located in Central Broward, ideal for parking or IOS.
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    • $750,000

      High-Traffic Mobil Gas Station

      Profitable FL Convenience Store & Gas Station
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    Similar Nearby for Lease

    • $2,995 /Mo

      Remodeled Home on Commercial Lot

      Remodeled home on a commercially zoned, fenced 9000 sqft lot.
      2009 NW 21St Ave, Fort Lauderdale, FL 33311
      View Details
    • $1,800 /Mo

      Office Space and Secured Lot

      Office space and secured lot available for rent.
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      View Details
    • $110 SF/Yr
      10,000 SF

      Downtown Fort Lauderdale Auto Lot

      10,000 SF Auto Sales Lot - High Traffic
      790 1St St, Fort Lauderdale, FL 33311
      View Details
    • $1,800 /Mo

      Office Space and Secured Lot

      Office space and secured fenced lot available for rent.
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      View Details
    • $14 SF/Yr
      30,000 SF

      Fort Lauderdale Retail/Industrial/Warehouse Space

      Variety of spaces available in busy shopping/commerce center.
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      View Details
    • $30 SF/Yr
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      New Mixed-Use Development Retail Space

      New retail space in downtown Fort Lauderdale's Avenue of the Arts.
      501 NW 7Th St, Fort Lauderdale, FL 33311
      View Details
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    790 1St St
    Fort Lauderdale, FL 33311
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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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