1948 Sunrise BlvdFort Lauderdale, FL 33304

  • Mixed-use properties
  • 5,547 SF
For Lease
$45/SF/YR View listing

Property Details for 1948 Sunrise Blvd

Year built
1953
Construction
CONCRETE
Lot size
0.08 AC
Property size (Sq ft)
5,547 SF
Zone code
B-1
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
50-42-01-19-0090
APU
504201190090

Description

This Fort Lauderdale office property, located at 1948 E Sunrise Boulevard, offers multiple tenancy options in a vibrant location. The building features two available spaces ranging from 250 to 313 square feet, and additional larger spaces of 450 and 2,223 square feet are also available. Situated in the trendy Victoria Park neighborhood, this property provides easy access to the beach, Downtown Fort Lauderdale, and Flagler Village. The building is zoned B-1 and boasts a lush tropical courtyard. Smaller suites offer private access and ample natural light, making them ideal for businesses seeking a creative and attractive work environment. Larger spaces are also available, providing flexibility for businesses of various sizes. The property is offered on a triple net lease (NNN) basis, with estimated additional costs of $11.63 per square foot. Monthly rent for the 450 sq ft space is $1,589. This is a rare opportunity to secure office space in a highly desirable Fort Lauderdale location. The property's address is 1948 E Sunrise Boulevard, Fort Lauderdale, Florida 33304, and the Broward County APN is 504201190090.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,044,936
    6.5%
    $1,887,633
    7%
    $1,752,802
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,539,977
    Geo Method
    $2,539,977
  • Alternative Use

    Use
    Valuation
    Residential
    $1,887,633
    Hospitality
    $1,729,062
    Educational
    $1,438,559
    Medical
    $1,488,033
    Retail
    $2,237,758
1948 Sunrise Blvd, Fort Lauderdale, Florida

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1366
Longitude
-80.1198
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,508
$107,340
$665,650
$772,990
-
$107,340
$665,650
$772,990

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