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2510 NW 19th St 2,323 SF 28% Leased Retail Building Fort Lauderdale, FL 33311 $599,900 ($258.24/SF) 9.48% Cap Rate
Investment Highlights
- Opportunity Zone retail investment on busy 19th St, minutes from downtown Fort Lauderdale and I-95.
- Strong value-add under $1M, current NOI $36,891 with projected GOI of $72,000 and re-development potential.
- Fully occupied 4-unit strip with upside, month-to-month tenants and pro forma income growth potential.
Executive Summary
4 unit retail strip on busy 19th St corridor, just minutes from downtown Fort Lauderdale and I-95. This area is ripe for re-development and in a qualified opportunity zone. Fully occupied with long term tenants, but most tenants are month to month with opportunity to increase: Print shop, Barber, Smoke Shop and Hair Braiding (formerly Tattoo). 2323 sq ft. with 9 parking spots. Building just repainted and parking lot sealed and re-striped.
Current NOI of $36,891 at a 6.19% Cap Rate but Pro forma GOI of $72,000 with an 9.47% Cap Rate. This asset delivers stable cash flow with upside through rent escalations and potential NNN conversion. Unusual find for a free standing 4 unit retail strip under $1M.
Current NOI of $36,891 at a 6.19% Cap Rate but Pro forma GOI of $72,000 with an 9.47% Cap Rate. This asset delivers stable cash flow with upside through rent escalations and potential NNN conversion. Unusual find for a free standing 4 unit retail strip under $1M.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$56,811
|
$24.46
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $56,811 |
| Annual Per SF | $24.46 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,323 SF
Building Class
C
Year Built
2002
Price
$599,900
Price Per SF
$258.24
Cap Rate
9.48%
NOI
$56,843
Percent Leased
28%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CB
Parking
10 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Gold Money Tattoo
- -
- 400 SF
- -
- -
- Klassic Touch Barber
- -
- 550 SF
- -
- -
- Print Shop
- -
- 550 SF
- -
- -
- Smoke Shop
- -
- 728 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Gold Money Tattoo | - | 400 SF | - | - | ||
| Klassic Touch Barber | - | 550 SF | - | - | ||
| Print Shop | - | 550 SF | - | - | ||
| Smoke Shop | - | 728 SF | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-32-12-0490 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $413,050 |
Property Taxes
Parcel Number
49-42-32-12-0490
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$413,050
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Presented by
Red Rocket Holdings
2510 NW 19th St
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