5101 21St AveFort Lauderdale, FL 33309

Property Details for 5101 21St Ave

Year built

1986

Construction

CONCRETE

Lot size

6.09 AC

Property size (Sq ft)

65,098 SF

Zone code

AIP

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

49-42-09-29-0160

APU

494209290160

Description

This exceptional investment opportunity presents two flex office buildings totaling 4,061 square feet, situated on a sizable 6.09-acre leasehold site within the prestigious Fort Lauderdale Executive Airport Industrial Airpark. The property, constructed in 1987, boasts a prime location in Fort Lauderdale's Uptown Business District/Cypress Creek submarket, offering unparalleled convenience with direct access to Interstate 95 and the Florida Turnpike via Commercial Boulevard. The buildings feature a total of 254 parking spaces, ensuring ample parking for tenants and visitors. Currently, the entire 4,061 square feet is available, divisible into spaces ranging from a minimum of 1,629 square feet to a maximum contiguous space of 2,432 square feet. The property comprises two suites in total, providing flexibility for various business needs. This strategically located property within the 200-acre airpark offers a unique blend of accessibility and functionality, making it an ideal choice for businesses seeking a modern and efficient workspace in a thriving commercial area of Broward County, Florida. The property's address is 5101 NW 21st Ave, Fort Lauderdale, FL 33309.

• CAP approach

  CAP return

  Valuation

  6%

  $23,998,780

  6.5%

  $22,152,720

  7%

  $20,570,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,808,440

  Geo Method

  $29,808,440

• Alternative Use

  Use

  Valuation

  Residential

  $22,152,720

  Hospitality

  $20,291,772

  Educational

  $16,882,516

  Medical

  $17,463,132

  Retail

  $26,261,692

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1897

Longitude

-80.1723

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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