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1026-1030 NW 9th Ave 2,719 SF 100% Leased Retail Building Fort Lauderdale, FL 33311 $1,050,000 ($386.17/SF) 7.66% Cap Rate
Investment Highlights
- Fully Occupied Retail Asset: Three established tenants provide immediate and stable cash flow.
- Built-In Rental Growth: Annual rent increases support continued income expansion.
- High-Traffic Commercial Corridor: Excellent visibility with approximately 31,500 vehicles passing daily.
- Strong In-Place Returns: Generating approximately $80,459 in NOI with a going-in cap rate near 8%
- Value-Add Opportunity: Potential to increase returns through conversion to a NNN lease structure.
- Recent Property Improvements: New roof and 10 dedicated parking spaces support long-term operations.**
Executive Summary
Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with approximately 31,500 vehicles per day. The property features 10 dedicated parking spaces and a new roof that ensures long-term reliability. It is currently occupied by three tenants—a nail salon, a restaurant, and a beauty supply store—on month-to-month leases, generating an NOI of 80,459 and offering a turnkey investment with a going-in cap rate of almost 8% from day one of ownership. The leases include annual rent increases, providing amazing and stable income. With a pro forma GOI of $106,944, it presents an attractive opportunity to convert to a NNN lease structure to capture additional upside!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$93,444
|
$34.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,444
|
$34.37
|
| Taxes |
$8,565
|
$3.15
|
| Operating Expenses |
$4,420
|
$1.63
|
| Total Expenses |
$12,985
|
$4.78
|
| Net Operating Income |
$80,459
|
$29.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $93,444 |
| Annual Per SF | $34.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,444 |
| Annual Per SF | $34.37 |
| Taxes | |
|---|---|
| Annual | $8,565 |
| Annual Per SF | $3.15 |
| Operating Expenses | |
|---|---|
| Annual | $4,420 |
| Annual Per SF | $1.63 |
| Total Expenses | |
|---|---|
| Annual | $12,985 |
| Annual Per SF | $4.78 |
| Net Operating Income | |
|---|---|
| Annual | $80,459 |
| Annual Per SF | $29.59 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,719 SF
Building Class
C
Year Built
1962
Price
$1,050,000
Price Per SF
$386.17
Cap Rate
7.66%
NOI
$80,459
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
B-1 - Retail
Parking
10 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
56’ on NW 9th Ave
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Beverage, Inc.
- -
- -
- -
- -
- Fancy Nails
- -
- -
- -
- -
- Frienly Discount Beauty Supply Inc
- Wholesaler
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Beverage, Inc. | - | - | - | - | ||
| Fancy Nails | - | - | - | - | ||
| Frienly Discount Beauty Supply Inc | Wholesaler | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-34-05-1790 | Total Assessment | $615,360 (2026) |
| Land Assessment | $135,020 (2026) | Annual Taxes | $8,565 ($3.15/SF) |
| Improvements Assessment | $480,340 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-42-34-05-1790
Land Assessment
$135,020 (2026)
Improvements Assessment
$480,340 (2026)
Total Assessment
$615,360 (2026)
Annual Taxes
$8,565 ($3.15/SF)
Tax Year
2025
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1026-1030 NW 9th Ave
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