Vacant lot
1025 NW 5 Ct
Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$245–350KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,000 sq ft.
Land price per sq ft, sized to this lot
$0$40$80
Sized to this lot, nearby land sales point to about $42 per sq ft.
Does it pencil?
Build-and-sell pro formaLeft over for the landNo fair defaultOur build costs are tested on new homes selling for $400 or more a sq ft, and here they sell for about $195. Enter the build cost per sq ft you expect below to see what the land supports.
Land $294KBuild $527KSoft costs $53KCarry $75KSelling $29KLoss $500KSale $478K
Fort Lauderdale calibration
Calibrated on 148 Fort Lauderdale deals. With these build costs the calculator's land budget is a median 100% of what the builders actually paid for the lot, and within 25% of it on 87 of the 148 (the old defaults came to 41%).
A quick pro forma, not an appraisal. Every number is editable; the starting points come from city records, and build cost is an assumption to replace with a builder’s bid.
The rules
City GIS and parcel roll- Zoning
- RM-15 Residential Multifamily Low Rise/Medium Density
- Flood zone
- AE base flood elevation 6 ft
- Lowest floor
- 7 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
- Waterfront
- No
- Lot size
- 7,000 sf 0.16 acres
- Ownership
- Private owner
Setbacks, height and lot coverage depend on the zoning district; see Fort Lauderdale’s Unified Land Development Regulations. Confirm with a surveyor and the city before you buy.
Nearby land sales
Off the water · last 5 years| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 534 NW 9 Ave Vacant lot sale | Dec 2023 | $375K | 6,375 sf | $59 | 244 m |
| 530 NW 9 Ave Vacant lot sale | Jan 2024 | $325K | 6,375 sf | $51 | 245 m |
| 510 NW 9 Ave Vacant lot sale | Aug 2023 | $350K | 6,375 sf | $55 | 260 m |
| 636 NW 12 Ave Vacant lot sale | Nov 2023 | $210K | 6,750 sf | $31 | 264 m |
| 506 NW 9 Ave Vacant lot sale | Aug 2023 | $275K | 6,375 sf | $43 | 265 m |
| 500 NW 9 Ave Vacant lot sale | Aug 2024 | $1.52M | 9,563 sf | $159 | 272 m |
| 631 NW 9 Ave Vacant lot sale | Feb 2023 | $240K | 6,750 sf | $36 | 275 m |
| 635 NW 9 Ave Vacant lot sale | Feb 2023 | $240K | 6,750 sf | $36 | 287 m |