Air-Conditioned
124 NE 32ND Court, Oakland Park, FL 33334
For Sale
$585,000
Pending
Four overhead doors provide access at both the front and rear, alongside a covered work area.
Property Size2,600 SF
Days on Market38
Property Features for 124 NE 32ND Court
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Warehouse Space
Conditioned Warehouse
Additional Details
Property Use
Building Details
Year Built
Building Size
Listing Agency:
Galleria Properties
(954) 563-7733
Listed By:
Fredrick P Senesi · License FL #187927
(954) 629-2929
Source:
Okklarealty
Added: Oct 6
Changed: Nov 12
Last Checked: Nov 12 at 1:56PM
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 Galleria Properties
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Investment Insights
Based on property information with market context.
This 2,600-square-foot warehouse was built in 1967 and is fully air conditioned. Four overhead doors are arranged with two at the front and two at the rear, and a covered workspace adds an exterior work area.
Key Highlights
- 2,600‑square‑foot warehouse built in 1967
- Full‑building air conditioning
- Four overhead doors: two at the front and two at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,415
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,300
$848.3K
Cap Rate 7%
$605,929
$605.9K
Cap Rate 9%
$471,278
$471.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$52.4K $20.16/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$49.9K $19.19/SF
− OpEx
−$7.5K −$2.88/SF
NOI
$42.4K $16.31/SF
Area
Broward County, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,300
Cap Rate 7%
$605,929
Cap Rate 9%
$471,278
Alternative Uses
Best Use
Warehouse
$605.9K
$530.2K – $706.9K
NOI $42,415 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,336 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
$430,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Oakland Park, FL
Properties on Market for Warehouses in Oakland Park
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Warehouse — 4056 NE 5th Terrace, Oakland Park, FL 33334
Frequently Asked Questions
What type of property is this?
Warehouse - Four overhead doors provide access at both the front and rear, alongside a covered work area.
Where is this warehouse located?
The property is located at 124 NE 32ND Court Oakland Park, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,600‑square‑foot warehouse built in 1967; Full‑building air conditioning; Four overhead doors: two at the front and two at the rear
