Retail and Office
4343 N Andrews Ave Oakland Park, FL 33309
4343 N Andrews Ave, Oakland Park, FL, 33309
$1,990,000
For Sale
$1,990,000
Two fenced-in lots and a newly replaced roof complement a versatile retail and office layout.
Property Size9,100 SF
Lot Size0.36 Acres
Price / SF$218.68
Days on Market858
Property Features for 4343 N Andrews Ave
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Lot size
- 0.36 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1956
Listing agency
RE/MAX 5 Star Realty
(954) 453-1000
Listed by
John DeMarco · License #A12021220
(954) 453-1000
Source
Xome
Added: Mar 16, 2024 Updated: Jul 20 at 6:36PM Checked: Jul 21 at 3:05AM
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.
This 9,100 SF building sits on a 15,600 SF lot and is laid out to support a mix of retail and office uses. The property includes two fenced-in lots, a new roof, and four new air conditioning units.
Located on Andrews Ave at 4343 N Andrews Ave in Oakland Park, the building is in a B-1 zoning area. The B-1 designation supports most retail and commercial uses, including automotive services and restaurants.
The property is also part of the Oakland Park CRA, which offers grants of up to $35,000 to new businesses, and seller financing is available with 30% down.
Located on Andrews Ave at 4343 N Andrews Ave in Oakland Park, the building is in a B-1 zoning area. The B-1 designation supports most retail and commercial uses, including automotive services and restaurants.
The property is also part of the Oakland Park CRA, which offers grants of up to $35,000 to new businesses, and seller financing is available with 30% down.
Key Highlights
- 9,100 SF building on a 15,600 SF lot on Andrews Ave
- Versatile layout suitable for multiple business types, including retail and office uses
- B‑1 zoning supports most retail and commercial uses, including automotive services and restaurants
Local 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 12.12%
Second Best
Retail
$2.20M
$1.92M – $2.56M
NOI $153,874 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,177 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Flower Cottage — Oakland Park, FL 33334
- Delightful Fruit Flowers — 115 NW 43rd Ct, Fort Lauderdale, FL 33309
- Flowers by Promoidea — 241 E Commercial Blvd, Oakland Park, FL 33334
- Flowers & Company — 4550 Dixie Hwy, Fort Lauderdale, FL 33334
FAQs
What type of property is this?
Storefront property - Two fenced-in lots and a newly replaced roof complement a versatile retail and office layout.
Where is this storefront property 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 $1,990,000.
What are key features of this property?
This property features: 9,100 SF building on a 15,600 SF lot on Andrews Ave; Versatile layout suitable for multiple business types, including retail and office uses; B‑1 zoning supports most retail and commercial uses, including automotive services and restaurants
