Oakland Park Warehouse For
For Sale
$999,000
2355 NW 30th St, Oakland Park, FL 33311
3,390 SF warehouse with drive-through accessibility in Oakland Park.
Property Size3,390 SF
Price / SF$294.69
Days on Market101
Property Features for 2355 NW 30th St
General Information
Standard status
Active
Size
3,390 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$13,019
Building Details
Building Size
3,390 SF
Year Built
1968
Listing Agency:
The Keyes Company
(954) 563-6800
Listed By:
Ross Z Herman · License #372598
(954) 563-6800
Source:
Elliman
Added: May 20
Changed: Aug 19
Last Checked: Aug 28 at 7:06AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This is a single-user 3,390 SF warehouse in Oakland Park, zoned B3. The location is immediately south of Oakland Park Blvd and less than one mile west of the I-95 exit, making it suitable for servicing the northern quadrant of greater Ft Lauderdale. The building is situated on a corner with a rear alley, providing access from three sides. It features three 10' x 10' drive-in overhead doors in the rear and one in the front, allowing for drive-through accessibility. The ceiling height is approximately 12'. Inside, there are two bathrooms, an office, and a customer waiting area. Currently, an auto mechanic tenant occupies the space on a month-to-month tenancy at $3,600 per month. The location has a bike score of 68, indicating it is bikeable, a walk score of 89, indicating it is very walkable, and a transit score of 38, indicating some transit options are available.
Key Highlights
- Prime location: Immediately south of Oakland Park Blvd and less than one mile west of I‑95.
- B3 zoning suitable for various business uses.
- Drive‑through accessibility with four 10' x 10' overhead doors (three in rear, one in front).
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
$57,322
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
5.74%
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%
$1,146,440
$1.1M
Cap Rate 7%
$818,886
$818.9K
Cap Rate 9%
$636,911
$636.9K
Market Conditions
NOI Build-Up for 3,390 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
$89.5K $26.40/SF
− Vacancy
−$7.6K −$2.24/SF
EGI
$81.9K $24.16/SF
− OpEx
−$24.6K −$7.25/SF
NOI
$57.3K $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 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%
$1,146,440
Cap Rate 7%
$818,886
Cap Rate 9%
$636,911
Alternative Uses
Best Use
Retail
$818.9K
$716.5K – $955.4K
NOI $57,322 @ 7.0% cap · market cap 5.74%
Second Best
Warehouse
$634.9K
$555.5K – $740.7K
NOI $44,440 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,392 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Auto Storage USA — Auto Storage USA, 3640 NW 15th St, Lauderhill, FL 33311
- Kingston Office Relocation Services — 1600 NW 34th Terrace, Lauderhill, FL 33311
- All Roads Express — 3639 NW 19th St, Lauderdale Lakes, FL 33311
Frequently Asked Questions
What type of property is this?
Warehouse - 3,390 SF warehouse with drive-through accessibility in Oakland Park.
Where is this warehouse located?
The property is located at 2355 NW 30th St Oakland Park, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location: Immediately south of Oakland Park Blvd and less than one mile west of I‑95.; B3 zoning suitable for various business uses.; Drive‑through accessibility with **four 10' x 10' overhead doors** (three in rear, one in front).
