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    832 NW 1St St Fort Lauderdale, FL 33311
    Property profile & analytics

    832 NW 1St St, Fort Lauderdale, FL 33311

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    • Warehouses
    • 10,003 SF
    • 0.32 lot acres
    For Lease
    $1,700/Mo
    View Listing →
    Air-Conditioned Warehouse Flex Space For Lease
    $1,700/Mo
    1,000 SF

    Air-Conditioned Warehouse Flex Space

    Affordable, move-in ready flex warehouse suited for light industrial needs, office use, showrooms, studios, or secure storage.

    832 NW 1st Street, Fort Lauderdale, FL 33311
    View Listing
    Property ID
    US18-4182963
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Inspired Illusions / Interior Design / Home Decor Store
    • FADED - A Window Tinting Company / Interior Design / Auto Repair Shop

    Property Details for 832 NW 1St St

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Zone code
    B-3
    Property type
    Warehouses
    APN
    50-42-10-20-0280
    APU
    504210200280

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 7, 2026 $2,464,500 828 Nw 1st St LLC Russell A Gates Warranty Deed $2M · Russell A Gates Etux
    Jan 17, 2023 — Russell A Gates Alan Gates Russell Intrafamily Transfer · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,770,000
      6.5%
      $2,555,000
      7%
      $2,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,316,000
      Market price range: $1.77M - $3.30M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,320,000
      Current use
      COMMERCIAL (GENERAL)
      $2,680,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $2,515,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1533
    Latitude
    26.1227
    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
    $25,047
    $153,460
    $1,228,700
    $1,382,160
    -
    $153,460
    $1,228,700
    $1,382,160

    Comparable in this City

    • Value Estimation by Request
      11,000 SF

      1608 23Rd Ave

      Distribution properties
      1608 23Rd Ave, Fort Lauderdale, FL 33311
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    • Value Estimation by Request
      0.07 Acres

      20th St

      STORAGE YARD, OPEN STORAGE
      20th St, Fort Lauderdale, FL 33311
      View Details
    • Value Estimation by Request
      0.13 Acres

      17th St

      STORAGE YARD, OPEN STORAGE
      17th St, Lauderhill, FL 33311
      View Details
    • Value Estimation
      $7,400,000
      49,574 SF

      1050 Sunrise Blvd, Unit 1090

      WAREHOUSE, STORAGE
      1050 Sunrise Blvd, Fort Lauderdale, FL 33311-7100
      View Details
    • Value Estimation
      $2,240,000
      14,616 SF

      1919 19th St

      WAREHOUSE, STORAGE
      1919 19th St, Fort Lauderdale, FL 33311-3538
      View Details
    • Value Estimation
      $6,500,000
      35,239 SF

      3435 19th St, Unit 3699

      MINI-WAREHOUSE, STORAGE
      3435 19th St, Lauderdale Lakes, FL 33311-4224
      View Details

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      3,659 SF

      Income Producing Small Bay Industrial

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      Lauderhill Industrial Condominium Units

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      3,390 SF

      Oakland Park Warehouse For Sale

      3,390 SF warehouse with drive-through accessibility in Oakland Park.
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      Fort Lauderdale Warehouse on Large Lot

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    Similar Nearby for Lease

    • $5 SF/Yr

      Fenced Yard with Warehouse Building

      0.62 acre fenced yard with 4,830 SF warehouse.
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      7,013 SF

      Fort Lauderdale Warehouse Space Available

      Industrial warehouse space for lease in Fort Lauderdale, Florida.
      635-695 NW 4Th Ave, Fort Lauderdale, FL 33311
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      1,821 SF

      Lauderdale Lakes Industrial Flex Space

      Industrial park with flexible spaces and excellent highway access.
      2670-2736 NW 29Th Ter, Lauderdale Lakes, FL 33311
      View Details
    • Contact for pricing
      10,000 SF

      Lauderdale Lakes Industrial Park Space

      Multi-tenant industrial park in central Broward County for lease.
      3635-3665 NW 19Th St, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing

      Lauderdale Lakes Industrial Park

      Industrial park with excellent highway access and various unit sizes.
      2696 NW 31St Ave, Lauderdale Lakes, FL 33311
      View Details
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    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.

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    832 NW 1St St, Fort Lauderdale, FL, 33311
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