Refinished Oakland Park Warehouse/Manufacturing
For Sale
$1,450,000
181 NE 32nd Ct, Oakland Park, FL 33334
Refinished 2,600 SF building with yard in Oakland Park.
Property Size2,600 SF
Price / SF$557.69
Days on Market263
Property Features for 181 NE 32nd Ct
General Information
Standard status
Active
Size
2,600 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
2,600 SF
Year Built
1969
Listing Agency:
Berger Commercial Realty
(954) 234-8777
Listed By:
Keith Kidwell, SIOR, CCIM · License #BK520060
(954) 234-8777
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 10
Last Checked: Aug 10 at 1:28PM
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 Berger Commercial Realty
Investment Insights
Based on property information with market context.
This is a refinished 2,600 square foot building suitable for office, warehouse, or manufacturing purposes. The building features a new impact front door and overhead doors, 100% air conditioning, and epoxy floors. An office area is included. The property also features an air compressor and racking. The clear height is approximately 16 feet. There is an outside yard area of approximately 3,100 square feet. The property is located in the heart of Oakland Park, providing easy access to I-95 and east Broward County. It is ideal for various uses such as a man cave, manufacturing, assembly, or the auto industry.
Key Highlights
- Refinished 2,600 sq ft office/warehouse/manufacturing building with 100% air conditioning and epoxy floors.
- Excellent location in the heart of Oakland Park with easy access to I‑95.
- +/- 3,100 sq ft outside yard area.
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
$57,190
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
3.94%
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%
$1,143,800
$1.1M
Cap Rate 7%
$817,000
$817.0K
Cap Rate 9%
$635,444
$635.4K
Market Conditions
NOI Build-Up for 2,600 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
$93.6K $36.00/SF
− Vacancy
−$5.6K −$2.16/SF
EGI
$88.0K $33.84/SF
− OpEx
−$30.8K −$11.84/SF
NOI
$57.2K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,143,800
Cap Rate 7%
$817,000
Cap Rate 9%
$635,444
Alternative Uses
Best Use
Flex RnD
$817.0K
$714.9K – $953.2K
NOI $57,190 @ 7.0% cap · market cap 3.94%
Second Best
Warehouse
$486.9K
$426.1K – $568.1K
NOI $34,084 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,336 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,201
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Refinished 2,600 SF building with yard in Oakland Park.
Where is this warehouse located?
The property is located at 181 NE 32nd Ct Oakland Park, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Refinished 2,600 sq ft office/warehouse/manufacturing building with 100% air conditioning and epoxy floors.; Excellent location in the heart of Oakland Park with easy access to I‑95.; +/- 3,100 sq ft outside yard area.
