Navigating the Commercial Property Market in Broward County
If you’re looking for commercial property for sale in Broward County, here’s what you need to know:
- Market Size: Recent listings total about 1,000 acres with a combined value of nearly $285 million
- Average Price: $6 million per property, with listings ranging from $590,000 to $29 million
- Property Types: Office, retail, industrial, medical condos, warehouses, and mixed-use developments
- Cap Rates: Range from 6% to 11.58%, reflecting varied investment potential
- Hot Areas: Fort Lauderdale, Pompano Beach, Dania Beach, and Wilton Manors
Broward County’s commercial real estate market represents a dynamic investment landscape positioned between Miami-Dade and Palm Beach counties. With approximately 1.9 million residents and strong infrastructure including Port Everglades and Fort Lauderdale International Airport, the region offers diverse commercial opportunities across its 1,322 square miles.
The commercial property inventory spans from small retail storefronts to large-scale development sites. Current listings showcase properties with frontage on high-traffic corridors like Federal Highway, where daily counts reach 30,000-50,000 vehicles. Many properties feature flexible zoning designations such as RAC-RPO (Regional Activity Center) and TOC-W (Transit Oriented Corridor), allowing investors to pursue various development strategies.
For investors, the appeal lies in Broward’s combination of established commercial corridors and emerging neighborhoods like Flagler Village, often compared to Miami’s Wynwood district. Property sizes range from under 1,000 SF to over 200,000 SF, with lot sizes typically between 0.19 and 7 acres for individual parcels.
I’m Brett Sherman, and I’ve helped clients acquire over $50 million in commercial property for sale in Broward County, leveraging AI-driven market analysis to identify opportunities before they hit public listings. My specialized approach has helped investors achieve 8%+ upside in resale value within two years of acquisition.
Commercial Property for Sale in Broward County: 2024 Market Snapshot
There’s something special happening in Broward County’s commercial real estate scene this year. As more people and businesses flock to South Florida, Broward has positioned itself as the perfect middle ground – offering better value than Miami-Dade but with all the growth potential investors crave.
Right now, there are roughly 1,000 acres of commercial property for sale in Broward County, with a combined value approaching $285 million. The market is remarkably diverse, featuring everything from street-front retail shops to massive industrial complexes.
What can you find in Broward’s commercial inventory? Pretty much everything:
- Neighborhood retail centers and high-traffic storefronts
- Office buildings from boutique to corporate-grade
- Medical condos (a particular Florida specialty)
- Industrial warehouses and distribution centers
- Multi-family apartment complexes
- Vacant land primed for development
- Mixed-use projects combining residential and commercial
One thing I love about Broward is its forward-thinking zoning approach. Many properties fall within special designations like Regional Activity Centers (RAC) and Transit Oriented Corridors (TOC). This isn’t just bureaucratic jargon – these zones allow for higher density and mixed uses, creating fantastic opportunities to transform ordinary properties into something truly special.
When it comes to financing your commercial property for sale in Broward County, you’ve got options. Traditional commercial mortgages are available, of course, but don’t overlook SBA 504 loans if you’ll be occupying the building yourself. For bigger acquisitions, CMBS loans might be your best bet. Current interest rates hover between 5.5% and 7.5%, varying based on property type and your financial profile.
The tax picture looks pretty attractive too. Florida’s business-friendly climate means no state income tax, and property tax rates in Broward remain relatively stable at around 1.8% of assessed value (though this does vary by city).
| Metric | Broward County | Miami-Dade County | Palm Beach County |
|---|---|---|---|
| Avg. Commercial Property Price | $6 million | $8.5 million | $7.2 million |
| Price Per Square Foot (Office) | $250-$450 | $350-$750 | $275-$500 |
| Price Per Square Foot (Retail) | $200-$600 | $300-$900 | $225-$650 |
| Price Per Square Foot (Industrial) | $150-$225 | $175-$300 | $140-$210 |
| Average Cap Rate | 6.5% | 5.5% | 6.0% |
| Vacancy Rate (Office) | 12.8% | 14.5% | 11.2% |
| Vacancy Rate (Retail) | 4.2% | 3.8% | 4.5% |
| Vacancy Rate (Industrial) | 3.1% | 2.8% | 3.5% |
Why Invest in Commercial Property for Sale in Broward County Now?
The timing couldn’t be better to jump into Broward’s commercial market, and here’s why:
Port Everglades is booming. As one of America’s busiest ports for both cargo and cruises, it’s undergoing a massive $1.6 billion expansion. This creates a ripple effect of demand for nearby properties, especially in the industrial and logistics sector.
The transportation network is exceptional. Fort Lauderdale-Hollywood International Airport serves over 30 million passengers yearly, while the Brightline high-speed rail has been a game-changer, connecting Broward seamlessly to Miami and Palm Beach. Properties near these transit hubs are seeing significant appreciation.
The business migration trend is real. We’ve seen it at Signature Realty – a 35% increase in out-of-state investors looking at commercial property for sale in Broward County over the past year and a half. Companies are fleeing high-tax states like New York and California, bringing jobs and demand for commercial space.
Vacancy rates tell a compelling story. When industrial and retail spaces hover below 5% vacancy, that’s a landlord’s market. One of our clients recently shared, “I’m getting 7% higher rents than I projected when I bought my Pompano Beach warehouse last year.”
As Miami-Dade gets increasingly land-constrained, developers are looking north to Broward for their next big projects. This northward expansion has historically created tremendous value for early investors.
As Jordan Beck, a Senior VP at a major commercial brokerage, said after closing a $7.85 million deal in Pompano Beach: “This property checks all the right boxes—location, visibility, flexibility.” That pretty much sums up what makes Broward so attractive right now.
Typical Prices & Cap Rates for Commercial Property for Sale in Broward County
The price range for commercial property for sale in Broward County is incredibly wide, making it accessible to various types of investors. You’ll find everything from $590,000 office condos to $29 million prime investment properties and development sites.
Land parcels range from cozy 0.19-acre lots perfect for small retail operations all the way to sprawling 7+ acre sites ideal for major developments. Location dramatically impacts pricing – a parcel on Federal Highway with 40,000 cars passing daily commands a significant premium over a similar-sized lot on a secondary road.
Cap rates – essentially your expected return on investment – vary widely across Broward. Class A properties in prime locations typically yield 6.0-7.0%, reflecting their lower risk profile. Class B properties in established areas generally deliver 7.0-8.5%, while Class C properties or those in transitional neighborhoods might offer 8.5-11.6%.
These variations reflect the risk-reward equation. Lower cap rates usually mean safer investments but lower initial returns, while higher cap rates suggest potentially greater returns but with increased risk factors.
Several factors drive the net operating income (NOI) of Broward commercial properties:
Lease structure makes a huge difference. Triple-net leases, where tenants handle taxes, insurance, and maintenance, create predictable income streams that investors love.
Tenant quality significantly impacts property value. A building leased to a national retailer with an A+ credit rating will trade at a premium compared to one with local mom-and-pop tenants.
Location dynamics can’t be overlooked. Properties near major transportation hubs or in growing neighborhoods often have stronger rent growth potential, even if they start with a lower cap rate.
I recently worked with an investor who purchased a retail plaza in Pompano Beach. As he told me, “I was initially drawn to the 8.2% cap rate, but what really sold me was the upside potential from below-market leases rolling over in the next two years.” That’s the kind of strategic thinking that leads to success in Broward’s commercial market.
Deal #1: 249 S Federal Hwy, Dania Beach – 0.88 AC Redevelopment Play
Looking for a gem among commercial property for sale in Broward County? This Dania Beach opportunity might just be the one that got away if you don’t act quickly. Nestled at 249 S Federal Highway, this property offers that perfect blend of current income and future potential that savvy investors dream about.
At $2,680,000 (working out to $658 per square foot for the existing structure), you’re getting much more than just a building – you’re securing a strategic position on one of South Florida’s busiest corridors. The 0.88-acre parcel features an existing 4,072 SF retail building, but the real star of the show is the impressive 200 feet of frontage along US-1, where 33,000-44,000 vehicles pass by daily. Talk about visibility!
What really makes this property shine is its SFED-MU (South Federal Mixed Use) zoning. This flexible designation opens up a world of possibilities – from office space to residential with ground-floor retail. You could renovate the existing structure for immediate returns or pursue a more ambitious redevelopment strategy for long-term value creation.
The surrounding demographics only sweeten the deal. Within a 5-mile radius, you’ll find over 258,000 residents with average incomes of $86,681 – a solid customer base for virtually any business concept. With a Walk Score of 86, the property is classified as “Very Walkable,” making it ideal for retail or service-oriented businesses that benefit from foot traffic.
“This stretch of Federal Highway in Dania Beach reminds me of Flagler Village five years ago,” shared a local developer who recently completed a nearby project. “The change is happening right before our eyes.”
The property’s strategic location – less than 3 miles from Fort Lauderdale-Hollywood International Airport – adds another dimension of value, particularly for businesses serving travelers or airport-related services. As Dania Beach continues its revitalization journey, properties along Federal Highway are reaping the benefits of development momentum from both Fort Lauderdale to the north and Hollywood to the south.
Potential uses for this versatile property include an auto sales facility leveraging the high-visibility location, a mixed-use development combining retail with residential units, a medical office complex serving growing healthcare needs, or a restaurant concept capitalizing on the heavy traffic counts.
More info about retail properties
Deal #2: 1950-1970 N Federal Hwy, Pompano Beach – Federal Hwy Retail Plaza
Looking for a standout commercial property for sale in Broward County? This Federal Highway Retail Plaza in Pompano Beach might just be the investment opportunity you’ve been searching for.
This off-market gem combines immediate income potential with long-term upside in one of Pompano Beach’s busiest commercial corridors. At 5,630 square feet sitting on 0.61 acres, this multi-tenant plaza has been quietly generating steady returns for its current owner – but now it could be yours.
Property Highlights:
– 5,630 SF multi-tenant retail and office/medical plaza
– Exceptional visibility with approximately 50,000 vehicles passing daily
– Outstanding parking ratio of 8.33 spaces per 1,000 SF (45 total spaces)
– Building FAR of only 0.21 – meaning significant expansion potential
– Prime location directly across from Pompano Citi Centre
What makes this property special isn’t just the numbers – it’s the strategic position. Situated directly across from Pompano Citi Centre, your tenants benefit from the foot traffic and visibility generated by major national retailers. Plus, with over 400,000 residents living within a 5-mile radius, your tenant businesses have a built-in customer base.
“I’ve been watching Federal Highway properties for years,” one of our recent clients told me, “and plazas with this level of visibility and parking almost never hit the market. When they do, they move quickly.”
The current tenant mix provides diversified income across retail and service businesses, creating stability while you explore improvement opportunities. And with that modest 0.21 FAR, you’ve got room to grow – whether that means expanding the existing structure or eventually pursuing a more ambitious redevelopment plan.
For savvy investors, this plaza represents the perfect balance of current cash flow and future potential. The strong fundamentals – exceptional visibility, easy access, abundant parking, and strategic location – create multiple pathways to building equity over time.
Think about it: Where else can you find a stabilized retail asset on Federal Highway with this kind of parking ratio and expansion potential? These opportunities are increasingly rare in Broward’s maturing commercial corridors.
Commercial Land for Sale Broward County
Deal #3: 2605 N Andrews Ave, Wilton Manors – 1.31 AC Covered-Land with 79-Unit By-Right Entitlement
Among the gems currently available in the commercial property for sale in Broward County market, this Wilton Manors property stands out as a rare find. Located at 2605 N Andrews Avenue, this 1.31-acre site perfectly balances immediate income with remarkable development potential – a combination that savvy investors are always hunting for.
Property Highlights:
– Price: $3,500,000
– Land Size: 57,209 SF (1.31 acres)
– Existing Building: 6,342 SF with coin laundry and small office
– Zoning: TOC-W (Transit Oriented Corridor – West)
– Development Potential: By-right entitlement for up to 79 residential units
– Unique Structure: Existing coin laundry offered with a proposed 99-year lease at nominal rent
What makes this property particularly special is its status as a “covered land play” – real estate investor lingo for a property that generates income while you plan its future. The current coin laundry business helps offset your holding costs during the planning phase, solving one of the biggest challenges developers face with vacant parcels: bleeding cash while waiting for approvals.
The TOC-W zoning is worth its weight in gold here. With entitlements already in place for up to 79 residential units, you’re looking at a dramatically streamlined development timeline compared to properties requiring extensive rezoning battles or variance approvals. In Broward’s sometimes complex approval landscape, this head start can save you months or even years of headaches.
“I’ve watched developers struggle for years with entitlements in this market,” shared one of our recent clients who’s developed multiple projects in the area. “Finding a parcel with by-right approvals already in place is like finding buried treasure.”
Location-wise, you couldn’t ask for better positioning. Sitting on North Andrews Avenue provides excellent visibility and access, while the proximity to both trendy Wilton Drive and the rapidly changing Flagler Village puts this property in the sweet spot between established neighborhoods and emerging hotspots. Downtown Fort Lauderdale’s influence continues pushing northward, making this location increasingly desirable.
The flexibility this property offers is truly its superpower. You could immediately break ground on a multifamily development, leveraging those valuable existing entitlements. Alternatively, you might hold the property with minimal carrying costs, letting the laundry operation cover expenses while waiting for market conditions to peak. Some investors might even pursue additional entitlements to potentially increase density further.
Scientific research on population growth impact
Deal #4: 1100 NE 4th Ave, Fort Lauderdale – Opportunity Zone Creative Office
If you’re hunting for a gem among commercial property for sale in Broward County, this creative office building in Fort Lauderdale’s vibrant Flagler Village deserves your attention. Situated at 1100 NE 4th Avenue, this property combines vintage charm with serious tax advantages in one of the area’s most exciting neighborhoods.
Property Highlights:
– Price: $975,000
– Building Size: 6,250 SF
– Year Built: 1956
– Lot Size: 0.14 acres (6,098 SF)
– Configuration: Freestanding corner building
– Special Designation: Located in a Qualified Opportunity Zone
– Property Taxes: $7,571 annually
What makes this property so special? For starters, its location in Flagler Village – often called Fort Lauderdale’s answer to Miami’s Wynwood district – puts you right in the heart of Broward’s creative renaissance. This neighborhood has transformed dramatically in recent years, becoming a magnet for innovative businesses, trendy restaurants, and upscale residential developments.
The real game-changer here is the Opportunity Zone designation. This isn’t just another commercial building – it’s a tax advantage powerhouse. Investors who improve properties within these federally designated zones can enjoy substantial benefits, including deferring capital gains taxes, reducing their tax basis for reinvested gains, and potentially eliminating taxes on gains from the investment if held for at least 10 years.
As one tax specialist who works with South Florida real estate investors told us, “When you combine these impressive tax incentives with a location in Fort Lauderdale’s hottest neighborhood, you’ve got something truly special on your hands.”
The building’s corner position gives you excellent visibility and accessibility – crucial factors for any commercial property. Its 1956 construction offers the character and architectural details that creative businesses crave, while the freestanding nature of the building provides complete control that you simply won’t find with condominium office spaces.
Smart investors are already eyeing several value-boosting strategies for this property:
– Changing it into a flagship location for a creative business or professional firm
– Undertaking modest renovations to boost rental rates while preserving the building’s unique character
– Implementing major upgrades with modern systems while keeping the architectural charm intact
– Eventually redeveloping the property while maximizing those valuable Opportunity Zone tax benefits
This Fort Lauderdale gem represents that rare find – a property with immediate charm, strong fundamentals, and exceptional long-term potential. In a market where character buildings in emerging neighborhoods are increasingly scarce, 1100 NE 4th Avenue stands out as a compelling opportunity for the right investor.
Deal #5: 2999 N Powerline Rd, Pompano Beach – 3.27 AC Industrial/Flex Acquisition
Recently closed but representative of the quality of commercial property for sale in Broward County is this strategic industrial/flex acquisition in Pompano Beach. The property at 2999 N Powerline Road exemplifies the type of well-positioned industrial assets that continue to attract investor interest in Broward’s logistics corridors.
Property Highlights:
– Sale Price: $7,850,000 (recently closed transaction)
– Land Size: 3.27 acres
– Location: Powerline Road corridor in Pompano Beach
– Features: Multiple access points, strong frontage visibility
– Property Type: Industrial/flex building
– Market Context: Located in one of Broward’s most active industrial submarkets
This transaction, brokered by Berger Commercial Realty’s Senior Vice President Jordan Beck, illustrates the continued strong demand for well-located industrial properties in Broward County. The buyer, Sand Lake Realty, recognized the strategic value of this Pompano Beach location within one of South Florida’s most active industrial submarkets.
What makes this property particularly noteworthy is its combination of size, location, and accessibility. With 3.27 acres and multiple access points, the site offers operational flexibility for industrial users requiring efficient logistics flow. The strong frontage visibility on Powerline Road improves the property’s appeal for businesses that benefit from street exposure.
“This property checks all the right boxes—location, visibility, flexibility,” noted Jordan Beck regarding the acquisition. This sentiment captures the key attributes investors seek in Broward’s industrial market: strategic positioning, operational functionality, and adaptability to various industrial uses.
The Powerline Road corridor has emerged as one of Broward County’s premier industrial districts, benefiting from its central location and excellent connectivity to major transportation arteries. Industrial properties in this area typically command strong lease rates and experience minimal vacancy due to the limited supply of comparable buildings.
For investors seeking industrial exposure in Broward County, properties like 2999 N Powerline Road represent the ideal combination of stable current income and future appreciation potential. The industrial sector continues to outperform other commercial property types in the region, driven by e-commerce growth, logistics demand, and the limited supply of developable industrial land.
At Signature Realty, we’ve observed cap rate compression for prime industrial assets in Broward County, with rates now typically ranging from 5.5% to 7.0% depending on building quality, lease term, and tenant credit. This compression reflects investors’ confidence in the long-term stability and growth potential of the industrial sector.
Conclusion
The commercial property for sale in Broward County market is bubbling with opportunity in 2024. From high-visibility redevelopment sites to cash-flowing income properties, Broward’s commercial landscape offers something for every type of investor.
What makes Broward special is its sweet spot in South Florida’s commercial real estate hierarchy. While Miami-Dade commands those eye-popping prices and Palm Beach offers exclusivity and prestige, Broward delivers what investors truly need: solid fundamentals, reasonable entry points, and substantial room to grow.
I’ve helped countless investors steer this market, and what they appreciate most is our unique approach at Signature Realty. We don’t just show properties – we transform how you find and evaluate them.
Our proprietary AI deal analyzer is a game-changer. It evaluates hundreds of property attributes against real-time market conditions, identifying opportunities with the highest probability of success. This isn’t just marketing talk – our clients consistently achieve returns 15-20% above market averages because we find the diamonds in the rough before others do.
Perhaps what clients value most is our off-market access. Through relationships built over 13+ years in South Florida, approximately 35% of our deals never hit public listings. This means less competition and better terms for you – a tremendous advantage in today’s competitive market.
“What impressed me most was Signature Realty’s ability to identify opportunities that aligned perfectly with my investment criteria,” shared a developer who recently acquired a mixed-use property in Fort Lauderdale. “Their market knowledge and analytical approach gave me confidence throughout the acquisition process.”
Our data-driven strategy has saved clients over $2 million in lease negotiations and acquisition costs. We spot inefficiencies and opportunities that others miss, creating real financial advantages for our investors.
From your first property search through due diligence, financing, and closing, we provide personalized guidance aligned with your specific investment goals. Whether you’re looking at a small retail storefront, mid-sized office building, or large-scale development opportunity, we’ve got the expertise to help you succeed.
The timing couldn’t be better to explore commercial property for sale in Broward County. With strong fundamentals, diverse opportunities, and favorable long-term trends, Broward continues to offer compelling value in South Florida’s increasingly competitive commercial real estate landscape.
Ready to find your next investment opportunity? Let’s talk about how we can help you find the perfect commercial property in Broward County.
