3698 15Th StLauderhill, FL 33311

Property Details for 3698 15Th St

Year built

1987

Lot size

3.00 AC

Zone code

IL

Property type

Retail properties

Property subtype

Parking lots & garages

APN

49-42-31-24-0033

APU

494231240033

Description

This exceptional investment opportunity presents a 2.08-acre commercial parcel located at 3698 NW 15th Street, Lauderhill, Florida. Priced at $7,500,000, this property is currently under a single-tenant Triple Net Lease (NNN) agreement. The NNN structure means the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, minimizing the owner's ongoing responsibilities and maximizing passive income potential. The substantial land area offers significant development possibilities for future expansion or redevelopment, subject to local zoning regulations. This property is ideally situated in Lauderhill, Florida, providing easy access to major transportation routes and a thriving local economy. The existing lease provides a stable income stream, making this an attractive option for investors seeking a low-maintenance, high-return investment in a desirable location. Detailed financial information and lease terms are available upon request. This is a rare opportunity to acquire a significant commercial property in a growing market. The property's size and location make it a compelling investment for both short-term and long-term growth. Serious inquiries only. Due diligence is recommended. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $57,041,056

  6.5%

  $52,653,284

  7%

  $48,892,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $97,165,224

  Geo Method

  $97,165,224

• Alternative Use

  Use

  Valuation

  Residential

  $44,415,016

  Hospitality

  $40,683,916

  Educational

  $33,848,540

  Medical

  $35,012,644

  Retail

  $52,653,284

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1445

Longitude

-80.1971

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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