3511 Commercial BlvdFort Lauderdale, FL 33309

Property Details for 3511 Commercial Blvd

Year built

1986

Construction

CONCRETE

Lot size

1.53 AC

Property size (Sq ft)

31,739 SF

Zone code

B-3

Property type

Office properties

Property subtype

Office buildings

APN

49-42-18-17-0010

APU

494218170010

Description

Commerce Point offers exceptional Fort Lauderdale office space in a modernized Class B building, boasting 28,965 square feet. Currently undergoing extensive renovations, the property features a complete façade update, new signage, a renovated lobby, a new tenant conference center, and upgraded elevator cabs. This multiple-tenancy building, constructed in 1986, provides a prime location in Broward County, conveniently situated between the Florida Turnpike and I-95, on the north side of Commercial Boulevard. Units range from 1,403 to 6,321 square feet, offering flexibility for various business needs. The building's design incorporates abundant natural light through floor-to-ceiling windows, creating a bright and inviting workspace. Modern amenities include 24-hour key card access, ample shaded parking, and separately metered HVAC systems for efficient energy management. The 2023 estimated common area maintenance (CAM) charge is $13.50 per square foot, excluding electricity. This represents a significant opportunity for businesses seeking a well-located, updated, and amenity-rich office space in a thriving Fort Lauderdale market. The ongoing renovations promise a contemporary and professional environment for tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $9,436,111

  6.5%

  $8,710,257

  7%

  $8,088,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,376,335

  Geo Method

  $9,376,335

• Alternative Use

  Use

  Valuation

  Residential

  $10,800,718

  Hospitality

  $9,893,400

  Educational

  $8,231,192

  Medical

  $8,514,276

  Retail

  $12,804,077

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1871

Longitude

-80.1959

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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