Retail Space with Rear Loading
1040 E Oakland Park Boulevard, Oakland Park, FL 33334
For Sale
Contact for pricing
Oakland Park Boulevard frontage pairs with impact-rated windows and doors and updated interior systems.
Property Size7,000 SF
Price / SF$0.51
Days on Market50
Property Features for 1040 E Oakland Park Boulevard
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Erik Ardelean · License #3504436
(954) 249-4695
Source:
Lehmannflorida
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation
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Investment Insights
Based on property information with market context.
The 2,000-square-foot retail space has impact windows and doors, a rear garage door for loading, and new air conditioning, electrical service, ceiling lights, and acoustical ceiling. Water and light trash service are included. Parking on the property is limited, restricting suitability for businesses that require substantial on-site parking.
The property fronts Oakland Park Boulevard in Oakland Park, Florida. The stated average annual daily traffic count for the boulevard is 43,500, and the location is described as having heavy pedestrian traffic.
The property fronts Oakland Park Boulevard in Oakland Park, Florida. The stated average annual daily traffic count for the boulevard is 43,500, and the location is described as having heavy pedestrian traffic.
Key Highlights
- 2,000‑square‑foot retail space
- Rear garage door provides a loading and unloading point
- New air conditioning, electrical service, ceiling lights, and acoustical ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,364
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,280
$2.4M
Cap Rate 7%
$1,690,914
$1.7M
Cap Rate 9%
$1,315,156
$1.3M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$184.8K $26.40/SF
− Vacancy
−$15.7K −$2.24/SF
EGI
$169.1K $24.16/SF
− OpEx
−$50.7K −$7.25/SF
NOI
$118.4K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,280
Cap Rate 7%
$1,690,914
Cap Rate 9%
$1,315,156
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,364 @ 7.0% cap · market cap 3,287.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,598 @ 7.0% cap · market cap 6,905.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 34%
Dining 28%
Publix
Groceries
44,212 visits/mo
0.4 miles
Party City
Shops & Services
15,423 visits/mo
0.5 miles
Marathon
Shops & Services
13,947 visits/mo
0.5 miles
Wendy's
Dining
12,615 visits/mo
0.5 miles
Smoothie King
Dining
8,504 visits/mo
0.5 miles
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Broward County, FL
Properties on Market for Retail space in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Oakland Park Boulevard frontage pairs with impact-rated windows and doors and updated interior systems.
Where is this retail space located?
The property is located at 1040 E Oakland Park Boulevard Oakland Park, FL.
What are key features of this property?
This property features: 2,000‑square‑foot retail space; Rear garage door provides a loading and unloading point; New air conditioning, electrical service, ceiling lights, and acoustical ceiling
