The 840 Building 840 SW 81st Ave 55,000 SF 25% Leased Office Building North Lauderdale, FL 33068 £5,948,093 (£108.15/SF) 9.35% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Seize the opportunity to occupy or invest in a prime office facility with an alluring architectural design in North Lauderdale.
- Caters to all businesses with flexible, highly customizable floor plans and a diverse tenant mix of office users, personal services, and more.
- Strategically located in a bustling residential neighborhood between highly visible US Highway 441 and University Drive.
- Explore the property's upside potential by evaluating tenants' rates against the current market rate and by filling remaining vacancies.
- Tenants benefit from 24/7 access, a sizable conference room, a client waiting room, and a convenient shared kitchen.
- Enjoy robust local demographics with over 51,000 daytime employees and nearly 70,000 households within a 3-mile radius.
EXECUTIVE SUMMARY
840 SW 81st Avenue in North Lauderdale, also known as The 840 Building, presents an exceptional investment or owner/user opportunity in an optimal business location. This four-story, 55,000-square-foot office building offers flexible and customizable floor plans, making it ideal for diverse businesses, including professional office users, headquarters, service-oriented companies, data entry firms, and even yoga or dance studios.
Investors will appreciate the strong upside potential, with the building only about 25% occupied. This allows for a value-add opportunity by leasing vacant space at market rates to increase rental income. Alternatively, a buyer can occupy a large portion while still benefiting from future leasing opportunities. The seller is finalizing permits for additional renovations and new office spaces, further enhancing the building’s appeal. Recent improvements include recertified and repaired elevators, ensuring a reliable and modern working environment.
The 840 Building features various amenities supporting businesses and their employees, including an on-site daycare, a shared kitchen, a client waiting room, and a conferencing facility. These features create a professional and convenient atmosphere for tenants and visitors.
Conveniently positioned between US Highway 441 and University Drive, with swift access to Florida’s Turnpike, 840 SW 81st Avenue ensures seamless connectivity across Broward County. The 840 Building is within a 30-minute drive to Fort Lauderdale/Hollywood International Airport (FLL), making travel and logistics efficient for business operations.
With a robust daytime workforce of over 51,000 employees and nearly 70,000 households within a 3-mile radius, The 840 Building is a prime location for businesses looking to establish or expand their presence in North Lauderdale.
Investors will appreciate the strong upside potential, with the building only about 25% occupied. This allows for a value-add opportunity by leasing vacant space at market rates to increase rental income. Alternatively, a buyer can occupy a large portion while still benefiting from future leasing opportunities. The seller is finalizing permits for additional renovations and new office spaces, further enhancing the building’s appeal. Recent improvements include recertified and repaired elevators, ensuring a reliable and modern working environment.
The 840 Building features various amenities supporting businesses and their employees, including an on-site daycare, a shared kitchen, a client waiting room, and a conferencing facility. These features create a professional and convenient atmosphere for tenants and visitors.
Conveniently positioned between US Highway 441 and University Drive, with swift access to Florida’s Turnpike, 840 SW 81st Avenue ensures seamless connectivity across Broward County. The 840 Building is within a 30-minute drive to Fort Lauderdale/Hollywood International Airport (FLL), making travel and logistics efficient for business operations.
With a robust daytime workforce of over 51,000 employees and nearly 70,000 households within a 3-mile radius, The 840 Building is a prime location for businesses looking to establish or expand their presence in North Lauderdale.
FINANCIAL SUMMARY (PRO FORMA - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£971,935
|
£17.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£971,935
|
£17.67
|
| Taxes |
£85,689
|
£1.56
|
| Operating Expenses |
£329,876
|
£6.00
|
| Total Expenses |
£415,565
|
£7.56
|
| Net Operating Income |
£556,370
|
£10.12
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
55,000 SF
Building Class
B
Year Built
1985
Price
£5,948,093
Price Per SF
£108.15
Net Initial Yield
9.35%
NOI
£556,386
Percent Leased
25%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
13,750 SF
Building FAR
0.36
Lot Size
3.48 AC
Opportunity Zone
Yes
Zoning
B-2 - General Office
Parking
266 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Route
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Starting at 10,000 square feet, The 840 Building offers up to 45,000 square feet of prime office, medical, or retail space on its second, third, and fourth floors.
Starting at 10,000 square feet, The 840 Building offers up to 45,000 square feet of prime office, medical, or retail space on its second, third, and fourth floors.
Starting at 10,000 square feet, The 840 Building offers up to 45,000 square feet of prime office, medical, or retail space on its second, third, and fourth floors.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 10,000-12,000 SF | Office/Retail | Full Build-Out | Now |
| 3rd Floor | 10,000-15,000 SF | Office | Partial Build-Out | Now |
| 4th Floor | 10,000-18,000 SF | Office/Medical | Full Build-Out | Now |
2nd Floor
| Size |
| 10,000-12,000 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 10,000-15,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 10,000-18,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
ABOUT NW BROWARD/CORAL SPRINGS
NW Broward/Coral Springs is a suburban office hub in the northern part of Broward County. Office tenants are drawn to this area because of its connectivity to major highway arteries, access to deep talent pools in the surrounding residential areas, and its lower cost of doing business relative to Downtown Fort Lauderdale.
Companies that have a large footprint in this area include business services, trade and logistics, and technology firms. Some of the area’s most notable tenants are First Data Merchant Services, Teleperformance U.S.A, ABB Optical Group, and Nordis Direct.
Office rents in NW Broward/Coral Springs are close to the Broward Country average and significantly below those of the Fort Lauderdale CBD, providing office users with a relative discount compared to the Downtown area.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
29,430
191,965
479,212
2024 Population
27,524
189,055
481,191
Population Growth '20-'24
-6.5%
-1.5%
0.4%
2020 Households
9,711
72,269
185,469
2024 Households
8,775
69,643
184,373
Household Growth '20-'24
-9.6%
-3.6%
-0.6%
Average Age
36
41
41
Median Household Income
$60,497
$59,331
$55,624
Daytime Employees
4,081
51,847
182,746
Total Businesses
574
8,055
25,248
College Degree + Higher
16%
25%
26%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Vision Cafe Restaurant | Cafe | £££ | 5 min walk |
| Little Mike's | Wings | - | 5 min walk |
| Dada's Cuisine | - | - | 5 min walk |
| Elrinconcito Salvadoreno | Spanish | - | 5 min walk |
| Deluxe Restaurant | American | £££ | 7 min walk |
RETAIL |
||
|---|---|---|
| Farm Stores | Convenience Market | 3 min walk |
| 7-eleven | Convenience Market | 17 min walk |
| KinderCare | Day-care | 17 min walk |
HOTELS |
|
|---|---|
| Hampton by Hilton |
82 rooms
10 min drive
|
| Trademark Collection by Wyndham |
209 rooms
12 min drive
|
| Sheraton Hotel |
253 rooms
14 min drive
|
| Marriott |
315 rooms
15 min drive
|
| Westin |
298 rooms
15 min drive
|
PROPERTY TAXES
| Parcel Number | 49-41-02-09-0622 | Total Assessment | £3,691,909 (2025) |
| Land Assessment | £802,205 (2025) | Annual Taxes | £85,689 (£1.56/sf) |
| Improvements Assessment | £2,889,703 (2025) | Tax Year | 2023 |
SALE ADVISORS
SALE ADVISORS
(305) 433-6143 x107
Contact
Adam Goldstein, Director of Acquisitions
(305) 433-6143 x107
Contact
Adam Goldstein specializes in commercial real estate and foreclosure acquisitions across the Florida market. With a keen eye for identifying high-value investment opportunities, Adam brings extensive industry expertise in sourcing, negotiating, and closing complex real estate transactions. His strategic approach and market insight have helped drive successful acquisitions, maximizing value for investors and stakeholders.
(305) 433-6143 x102
Contact
Uri Segev, CEO
(305) 433-6143 x102
Contact
Uri Segev is a seasoned real estate developer and investor specializing in commercial real estate in South Florida. With a strong track record of acquisitions, development, and strategic investments, Uri has built a reputation for identifying and capitalizing on lucrative opportunities.
