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    Property profile & analytics

    921 8Th Ave Fort Lauderdale, FL 33311

    • Warehouses
    • 7,888 SF
    • 0.31 lot acres
    For Sale
    View listing
    $4,500,000
    Last Sale
    May 28, 2021
    $1,425,000
    Value Estimations
    Cap Rate Potential
    6.4%
    Warehouses
    Location Intelligence
    Property ID
    US18-1766212
    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

    • J&L Plumbing CO / Plumber
    • Beach & Patio Furniture / Furniture Repair Shop / Outdoor Furniture Store

    Property Details for 921 8Th Ave

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Property size
    7,888 SF
    Zone code
    B-3
    Property type
    Warehouses
    APN
    49-42-34-05-3570
    APU
    494234053570

    Description

    This exceptional 8,976-square-foot warehouse in Fort Lauderdale, Florida, presents a compelling investment opportunity. Located at 921 NW 8th Avenue, this property boasts a prime location in east Broward County, offering convenient access to major transportation arteries. It's just 1.3 miles from I-95, 1.7 miles from Downtown Fort Lauderdale, 6.6 miles from Fort Lauderdale/Hollywood International Airport, and 7.5 miles from Fort Lauderdale Executive Airport. The building has undergone a complete renovation, featuring a new TPO roof, updated air conditioning system, durable epoxy flooring, and newly installed overhead doors. The property also includes a newly paved asphalt parking lot, secure fencing, and an electric gate, enhancing security and functionality. The interior layout comprises approximately 800 square feet of office space, 6,000 square feet of warehouse space, and a substantial 2,176-square-foot mezzanine area. The building's construction features poured concrete walls and a concrete twin "T" roof system, ensuring durability and longevity. Its versatile design makes it suitable for a variety of uses, including manufacturing, flex warehouse operations, showroom display, or even a unique man cave. The asking price for this meticulously renovated warehouse is $4,500,000. This property offers a rare combination of location, functionality, and modern amenities, making it an ideal investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,035,000
      ML approach
      $2,060,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,185,000
      6.5%
      $2,015,000
      7%
      $1,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,157,000
      Market price range: $1.40M - $2.60M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,830,000
      Current use
      COMMERCIAL (GENERAL)
      $2,110,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,980,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1531
    Latitude
    26.1356
    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
    $25,394
    $135,000
    $1,152,040
    $1,287,040
    -
    $135,000
    $1,152,040
    $1,287,040

    Comparable in this City

    • Value Estimation by Request
      144,016 SF

      3849-3999 19Th St

      Distribution properties • 144,016 SF
      3849-3999 19Th St, Lauderdale Lakes, FL 33311
      View Details
    • Value Estimation by Request
      5,250 SF

      1814-1896 38Th Ave

      Flex space • 5,250 SF
      1814-1896 38Th Ave, Lauderhill, FL 33311
      View Details
    • Value Estimation
      $890,000
      32,900 SF

      3759 16th St

      WAREHOUSE, STORAGE • 32,900 SF
      3759 16th St, Lauderhill, FL 33311-4146
      View Details
    • Value Estimation
      $1,105,000
      78,543 SF

      3700 16th St, Unit 3798

      MINI-WAREHOUSE, STORAGE • 78,543 SF
      3700 16th St, Lauderhill, FL 33311-4132
      View Details
    • Value Estimation
      $550,000
      8,490 SF

      2901 17th Ter, Unit 2911

      WAREHOUSE, STORAGE • 8,490 SF
      2901 17th Ter, Oakland Park, FL 33311-1501
      View Details
    • Value Estimation
      $495,000
      4,702 SF

      914 19th Ave

      WAREHOUSE, STORAGE • 4,702 SF
      914 19th Ave, Fort Lauderdale, FL 33311-6938
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Fort Lauderdale Warehouse Investment

      Prime 14,248 sq ft lot, high-growth area.
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    • $970,000
      3,659 SF

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      Small bay industrial property with three tenants in Fort Lauderdale.
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    • $4,999,999

      Lauderhill Warehouse on Large Lot

      Warehouse over 20,000 SF on 51,000 SF lot.
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    • Contact for pricing
      144,016 SF

      Fort Lauderdale Retail/Industrial/Showroom Space

      Variety of spaces available in busy shopping/commerce center.
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    • $6,500,000
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      Fort Lauderdale Industrial Property

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      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
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      Lakes Merchandise Mart: Prime Warehouse Space

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    • $14 SF/Yr
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      Fort Lauderdale Retail/Industrial/Warehouse Space

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    • $20 SF/Yr
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      Oakland Park Small Bay Warehouses

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    • $18 SF/Yr
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      Renovated Warehouse Space Available

      Small bay warehouse with office, restroom, and impact windows.
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    • $23 SF/Yr

      Urban Warehouse Space Available

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      View Details
    • $16 SF/Yr
      5,000 SF

      Oakland Park Flex Space Available

      5,000 SF flex space with HVAC and fenced yard.
      3046 NE 12Th Ter, Oakland Park, 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.

    More about this property
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