Oakland Park Warehouse For
For Sale
$1,025,000
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$302.36
Days on Market97
Property Features for 2355 NW 30th St
General Information
Standard status
Active
Size
3,390 SF
Building Details
Year Built
1968
Listing Agency:
The Keyes Company
(305) 371-3592
Listed By:
Ross Z Herman · License #B26030571
Source:
Mymiahomes
Added: May 20
Changed: Aug 23
Last Checked: Aug 24 at 10:18AM
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 3,390 square foot single-user warehouse located in Oakland Park. The property is zoned B3 and is situated immediately south of Oakland Park Boulevard, less than one mile west of the I-95 exit. The building is positioned on a corner lot with a rear alley, providing access from three sides. It features three 10-foot by 10-foot drive-in overhead doors in the rear and one in the front, offering drive-through accessibility. The ceiling height is approximately 12 feet. The interior includes two bathrooms, an office, and a customer waiting area. Currently, an auto mechanic tenant occupies the space on a month-to-month tenancy.
Key Highlights
- Excellent Location: Immediately south of Oakland Park Blvd and less than one mile west of I‑95, ideal for servicing northern Ft. Lauderdale.
- Drive‑Through Accessibility: Features three 10’ x 10’ drive‑in overhead doors in the rear and one in the front.
- Flexible Access: Located on a corner with a rear alley, providing access from three sides.
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
5.59%
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 5.59%
Second Best
Warehouse
$634.9K
$555.5K – $740.7K
NOI $44,440 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,392 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
776
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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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 $1,025,000.
What are key features of this property?
This property features: Excellent Location: Immediately south of Oakland Park Blvd and less than one mile west of I‑95, ideal for servicing northern Ft. Lauderdale.; Drive‑Through Accessibility: Features three 10’ x 10’ drive‑in overhead doors in the rear and one in the front.; Flexible Access: Located on a corner with a rear alley, providing access from three sides.
