Drive-Thru Convenience Store
For Sale
$300,000
1301 E COMMERCIAL Blvd, Oakland Park, FL 33334
Commercial property with drive-thru potential in Oakland Park, Florida.
Property Size1,096 SF
Lot Size0.24 Acres
Days on Market267
Property Features for 1301 E COMMERCIAL Blvd
General Information
Standard status
Active
Size
1,096 SF
Lot size
0.24 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,727
Building Details
Building Size
1,096 SF
Year Built
1960
Stories
1
Listing Agency:
(407) 666-7699
Listed By:
Samih Sadiq
(407) 666-7699
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 22 at 7:55AM
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 Samih Sadiq
Investment Insights
Based on property information with market context.
This commercial property, legally described as CORAL RIDGE ISLES 45-47 B LOT 7 BLK 49, presents an opportunity for various retail uses, including a drive-thru convenience store or restaurant. Buyers are advised to conduct thorough due diligence to ensure the property meets their specific requirements.
Key Highlights
- Drive‑thru convenience store offers ultimate customer accessibility.
- Commercial property in a prime location.
- Located in the desirable Coral Ridge Isles neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,980
$422.0K
Cap Rate 7%
$301,414
$301.4K
Cap Rate 9%
$234,433
$234.4K
Market Conditions
NOI Build-Up for 1,096 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.2K $27.60/SF
− Vacancy
−$2.1K −$1.93/SF
EGI
$28.1K $25.67/SF
− OpEx
−$7.0K −$6.42/SF
NOI
$21.1K $19.25/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,980
Cap Rate 7%
$301,414
Cap Rate 9%
$234,433
Alternative Uses
Best Use
Specialty Retail
$301.4K
$263.7K – $351.7K
NOI $21,099 @ 7.0% cap · market cap 7.03%
Second Best
Retail
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$556.0K
$486.5K – $648.7K
NOI $38,923 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
115k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Licor Store — 3798 N Andrews Ave, Oakland Park, FL 33309
- La Bodega Latina — 1317 E Commercial Blvd, Oakland Park, FL 33334
- FAMILY FOOD MARKET — 3655 n dixie hwy, oakland park, fl 33334
- FAMILIA FOOD MARKET — 3655 Dixie Hwy, Oakland Park, FL 33334
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial property with drive-thru potential in Oakland Park, Florida.
Where is this grocery and convenience store located?
The property is located at 1301 E COMMERCIAL Blvd Oakland Park, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Drive‑thru convenience store offers ultimate customer accessibility.; Commercial property in a prime location.; Located in the desirable Coral Ridge Isles neighborhood.
