Freestanding Office
New
For Sale
$426,000
130 NE 51ST Street, Oakland Park, FL 33334
Commercial Sale, Oakland Park, FL
Property Size1,346 SF
Lot Size0.11 Acres
Price / SF$316.49
Days on Market3
Property Features for 130 NE 51ST Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Parking
5
Security features
Security System
Subdivision
3440
Standard status
Active
APN
494215040440
Size
1,346 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH ANDREWS TERRACE 32-38 B LOT 42 BLK 1
Tax Annual Amount
8316
Legal Description
NORTH ANDREWS TERRACE 32-38 B LOT 42 BLK 1
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Edgar M Perez · License #3482415
(954) 882-6656
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 20 at 11:06AM
MLS# B26078146
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office building contains 1,346 square feet on a 0.11-acre lot. Built in 1959, the structure features block construction, ceramic tile flooring, central heating, and central air conditioning. Public water and public sewer serve the property, with water available as a listed utility.
The property is located in Oakland Park, Florida, within Broward County. It carries B-1 zoning; allowable uses should be confirmed with the City of Oakland Park. The building is offered for sale.
The property is located in Oakland Park, Florida, within Broward County. It carries B-1 zoning; allowable uses should be confirmed with the City of Oakland Park. The building is offered for sale.
Key Highlights
- 1,346‑square‑foot freestanding office building
- 0.11‑acre lot in Oakland Park, FL
- B‑1 zoning; verify allowable uses with the City of Oakland Park
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
$35,676
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
8.37%
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%
$713,520
$713.5K
Cap Rate 7%
$509,657
$509.7K
Cap Rate 9%
$396,400
$396.4K
Market Conditions
NOI Build-Up for 1,346 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
$61.4K $45.60/SF
− Vacancy
−$13.8K −$10.26/SF
EGI
$47.6K $35.34/SF
− OpEx
−$11.9K −$8.84/SF
NOI
$35.7K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /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%
$713,520
Cap Rate 7%
$509,657
Cap Rate 9%
$396,400
Alternative Uses
Best Use
Office B
$509.7K
$446.0K – $594.6K
NOI $35,676 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$682.9K
$597.5K – $796.7K
NOI $47,802 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,732
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - B-1-zoned office property with central HVAC, ceramic tile flooring, and public water and sewer service.
Where is this office building located?
The property is located at 130 NE 51ST Street Oakland Park, FL.
What is the asking price?
The asking price for this property is $426,000.
What are key features of this property?
This property features: 1,346‑square‑foot freestanding office building; 0.11‑acre lot in Oakland Park, FL; B‑1 zoning; verify allowable uses with the City of Oakland Park
