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2510 NW 19th St 2,323 SF 28% Leased Retail Building Fort Lauderdale, FL 33311 $958,881 CAD ($412.78 CAD/SF) 8.25% 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 8 parking spots. Current NOI of $36,891 at a 5.35% Cap Rate but Pro forma GOI of $72,000 with an 8.25% 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$79,064
|
$34.04
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $79,064 |
| Annual Per SF | $34.04 |
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
$958,881 CAD
Price Per SF
$412.78 CAD
Cap Rate
8.25%
NOI
$79,108 CAD
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 CAD |
| Land Assessment | $0 CAD | Total Assessment | $574,842 CAD |
Property Taxes
Parcel Number
49-42-32-12-0490
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$574,842 CAD
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Presented by
Red Rocket Holdings
2510 NW 19th St
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