201 12Th StFort Lauderdale, FL 33316

Property Details for 201 12Th St

Year built

2017

Lot size

0.42 AC

Property size (Sq ft)

7,541 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

50-42-10-1W-0010

APU

5042101W0010

Description

This 7,118-square-foot, single-tenant office building, constructed in 2018 and renovated the same year, offers a prime location steps from Downtown Fort Lauderdale and the Las Olas district. The property boasts a modern design with large windows, allowing for abundant natural light. It features a private entrance and elevator servicing the entire second floor. With 3,897 square feet currently vacant, this space presents a unique opportunity for businesses seeking a contemporary and convenient workspace. The building sits on an 18,131-square-foot lot and includes 23 shared parking spaces. Its strategic location provides seamless access to major highways, including I-95 and I-595, as well as US-1, ensuring excellent connectivity and visibility. The RO (Residential Office) zoning allows for a variety of business uses. The property's proximity to thriving business districts, top educational institutions, and a diverse residential area makes it ideal for attracting and retaining top talent. This exceptional location combines convenience, contemporary design, and unparalleled access to a highly skilled workforce. The APN is 5042101W0010.

• CAP approach

  CAP return

  Valuation

  6%

  $2,697,936

  6.5%

  $2,490,402

  7%

  $2,312,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,234,184

  Geo Method

  $3,234,184

• Alternative Use

  Use

  Valuation

  Residential

  $3,088,099

  Hospitality

  $2,828,682

  Educational

  $2,353,430

  Medical

  $2,434,368

  Retail

  $3,660,892

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1079

Longitude

-80.1408

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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