Four-Unit Retail
1582 E Commercial Blvd, Oakland Park, FL 33334
For Sale
$4,250,000
Renovated retail property with updated building systems and a mix of occupied and pending-lease suites.
Property Size8,019 SF
Lot Size0.41 Acres
Price / SF$529.99
Days on Market10
Property Features for 1582 E Commercial Blvd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Frontage
Traffic Count
Road Access
Additional Details
Tenant in Place
Amenities
rear overhead door
Square Feet: 18074
Parcel Number: 494214120280, Tax Annual Amount: $38,557, Tax Legal Description: CORAL HEIGHTS SEC 3 47-19 B LOT 5 W 10,6 & 7 BLK 12
Business Type: Shopping Center, Special Listing Conditions: Sale, Standard Status: Active
Year Built: 1966, Building Area Total: 8126
County Or Parish: Broward County
Leasable Area Units: Square Feet
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Current Capital Realty
(954) 966-8181
Listed By:
Caio Martin · License #3251304
(781) 367-1454
Source:
Riserealty
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 1:58PM
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 Current Capital Realty
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Investment Insights
Based on property information with market context.
This freestanding retail and showroom property contains approximately 8,019 SF across four units on about 0.41 acre. Three suites have new five-year leases, and a lease is pending for the remaining unit. Built in 1966, the building has received extensive updates, including a new roof, impact-rated storefronts and doors, new electrical, updated plumbing, and refreshed interiors. Exterior work includes new stucco and paint, along with a sealed and restriped parking area.
The property fronts Commercial Blvd in Oakland Park, with 120 feet of frontage and reported daily traffic of 55,000 vehicles. It has 23 parking spaces, plus a rear overhead door and truck access from the alley. A monument sign is planned.
The property fronts Commercial Blvd in Oakland Park, with 120 feet of frontage and reported daily traffic of 55,000 vehicles. It has 23 parking spaces, plus a rear overhead door and truck access from the alley. A monument sign is planned.
Key Highlights
- Four retail units; three have new 5‑year leases and a lease is pending for the fourth
- Approximately 8,019 SF on approximately 0.41 acre
- 120 feet of frontage on Commercial Blvd; reported traffic is 55,000 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,595
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,711,900
$2.7M
Cap Rate 7%
$1,937,071
$1.9M
Cap Rate 9%
$1,506,611
$1.5M
Market Conditions
NOI Build-Up for 8,019 SF
Gross rent
$211.7K $26.40/SF
− Vacancy
−$18.0K −$2.24/SF
EGI
$193.7K $24.16/SF
− OpEx
−$58.1K −$7.25/SF
NOI
$135.6K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,711,900
Cap Rate 7%
$1,937,071
Cap Rate 9%
$1,506,611
Alternative Uses
Best Use
Retail
$1.94M
$1.69M – $2.26M
NOI $135,595 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,786 @ 7.0% cap · market cap 6.70%
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
Lease Details
55,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
115k
Monthly Visits Nearby
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
$430,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Strip malls in Broward County, FL
Properties on Market for Strip malls in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Renovated retail property with updated building systems and a mix of occupied and pending-lease suites.
Where is this strip mall located?
The property is located at 1582 E Commercial Blvd Oakland Park, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Four retail units; three have new 5‑year leases and a lease is pending for the fourth; Approximately 8,019 SF on approximately 0.41 acre; 120 feet of frontage on Commercial Blvd; reported traffic is 55,000 cars per day
