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Property profile & analytics
FOR SALE
Grocery and convenience stores

800 SE 15Th St Fort Lauderdale, FL 33316

2,106 SF 0.27 ac lot Built 1967
Entity Owned 10-yr Hold Free & Clear
Property ID
US18-8741664
Property summary
AI-generated overview

This exceptional 1964-built duplex in Fort Lauderdale, Florida offers a compelling investment opportunity. Situated at 800 SE 15th St, 33316, in Broward County, this single-story property boasts 1,314 square feet and comprises two units, promising steady rental income. Its prime location, just minutes from Fort Lauderdale International Airport, Port Everglades, and the Downtown Financial District, ensures high occupancy rates. The property's proximity to Las Olas Beach (approximately 3 miles) and a thriving business community further enhances its appeal to professionals seeking convenient housing. The asking price is $589,000. This multifamily property presents a strong addition to any investment portfolio, capitalizing on the robust rental demand in this desirable Fort Lauderdale neighborhood. The property's convenient location and strong rental potential make it an attractive option for investors seeking a stable and profitable investment in a high-growth area. The two units provide a diversified income stream, minimizing risk and maximizing return. This is a rare opportunity to acquire a well-located, income-producing property in a highly sought-after area of Fort Lauderdale. The property's solid construction and established rental history make it a low-risk, high-reward investment.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1967
Construction CONCRETE
Total area 2,106 SF
Lot 0.27 ac (11,911 SF)
Zoning code CB
APN 49-42-35-09-0660
UPID US18-8741664
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
  • USA Grocers Grocery & Convenience Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
$650k
Comparable Approach Comparable
$467k
Blend (final) Blend
$590k
Owner & transaction history
R N Food Store INC · 10 yrs held
R N Food Store INC
since 2016
7 recorded transactions
2016
Price N/A
2013
$350,000
2006
$100,500
2004
Price N/A
1997
$110,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CB · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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