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3045 N Federal Hwy, 42 3,440 SF Retail Building Fort Lauderdale, FL 33306 $1,150,000 ($334.30/SF) 6.81% Cap Rate
Executive Summary
Nicely updated, multi-tenant retail/office building located off of the highly trafficked N Federal Highway / E Oakland Park Blvd intersection. Ground floor is occupied by a successful day spa and the upper floors are currently vacant but are finished out and ready for immediate office use. The property can also be purchased as part of a portfolio with the adjacent building (Bldg. 38) for a total price of $1,875,000, providing a buyer's discount on both properties.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,440 SF
Building Class
C
Year Built
1966
Price
$1,150,000
Price Per SF
$334.30
Cap Rate
6.81%
NOI
$78,288
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.04 AC
Zoning
B-1 - Commercial
Parking
30 Spaces (8.72 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-25-08-0090 | Total Assessment | $496,930 (2026) |
| Land Assessment | $136,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $360,930 (2026) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
49-42-25-08-0090
Land Assessment
$136,000 (2026)
Improvements Assessment
$360,930 (2026)
Total Assessment
$496,930 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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3045 N Federal Hwy, 42
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