Oakland Park Commercial
4343 N Andrews Ave Oakland Park, FL 33309
For Sale
$2,150,000
9,100 SF building on 15,600 SF lot, versatile layout.
Property Size9,100 SF
Lot Size0.36 Acres
Price / SF$236.26
Days on Market782
Property Features for 4343 N Andrews Ave
General Information
Standard status
Active
Size
9,100 SF
Lot size
0.36 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1956
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Exitrealty
Added: Jun 6, 2024
Changed: Jul 6
Last Checked: Jul 27 at 5:36AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
The property is a 9,100 square foot building situated on a 15,600 square foot lot located on Andrews Avenue. It features a versatile layout suitable for various businesses, including retail and office uses, making it ideal for both owner-users and investors. The property includes two fenced-in lots, a new roof, and four new air conditioning units. Located in a B-1 zoning area, it supports most retail and commercial uses, such as automotive services and restaurants. The property is part of the Oakland Park CRA, which offers grants of up to $35,000 to new businesses.
Key Highlights
- Seller financing available with 30% down.
- Located in Oakland Park CRA, offering grants up to $35,000 for new businesses.
- Versatile layout suitable for retail and office uses, ideal for owner‑users and investors.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.2k | $26.40 |
| − Vacancy | −$20.4k | −$2.24 |
| EGI | $219.8k | $24.16 |
| − OpEx | −$65.9k | −$7.25 |
| NOI | $153.9k | $16.91 |
9,100 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.45M
$3.01M – $4.02M
NOI $241,196 @ 7.0% cap · market cap 11.22%
Second Best
Retail
$2.20M
$1.92M – $2.56M
NOI $153,874 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,177 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 9,100 SF building on 15,600 SF lot, versatile layout.
Where is this retail space located?
The property is located at 4343 N Andrews Ave Oakland Park, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Seller financing available with 30% down.; Located in Oakland Park CRA, offering grants up to $35,000 for new businesses.; Versatile layout suitable for retail and office uses, ideal for owner‑users and investors.
