Oakland Park Mixed-Use
For Sale
$1,980,000
250 NE 44th St, Oakland Park, FL 33334
Two-story mixed-use building with commercial space and residential units.
Property Size3,521 SF
Lot Size0.27 Acres
Days on Market267
Property Features for 250 NE 44th St
General Information
Standard status
Active
Size
3,521 SF
Lot size
0.27 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,732
Building Details
Building Size
3,521 SF
Year Built
1971
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #A11954724
(954) 453-1000
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 9
Last Checked: Aug 21 at 9:52AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This two-story, 3,975 square foot freestanding mixed-use building is situated on a 17,400 square foot lot in Oakland Park. The property includes 1,680 square feet of ground floor commercial space and two residential units on the second floor. Additionally, there is a 635 square foot detached garage. The property benefits from 145 feet of frontage on Prospect Road, offering high visibility. Its location provides accessibility and exposure, with close proximity to I-95. The B-2 zoning allows for a wide range of commercial uses. The property's grandfathered auto-related entitlement provides an operational advantage. This property is an income-producing investment with value-add and redevelopment potential.
Key Highlights
- High‑visibility frontage with 145 feet on Prospect Road in the heart of Oakland Park.
- B‑2 zoning allows for a wide range of commercial uses.
- Grandfathered auto‑related entitlement provides a rare operational advantage.
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
$60,737
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
3.07%
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%
$1,214,740
$1.2M
Cap Rate 7%
$867,671
$867.7K
Cap Rate 9%
$674,856
$674.9K
Market Conditions
NOI Build-Up for 3,521 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
$105.6K $30.00/SF
− Vacancy
−$8.5K −$2.40/SF
EGI
$97.2K $27.60/SF
− OpEx
−$36.4K −$10.35/SF
NOI
$60.7K $17.25/SF
Area
Broward County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,214,740
Cap Rate 7%
$867,671
Cap Rate 9%
$674,856
Alternative Uses
Best Use
Mixed Use
$867.7K
$759.2K – $1.01M
NOI $60,737 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$850.5K
$744.2K – $992.3K
NOI $59,537 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,045 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,719
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 250 NE 44th St Oakland Park, FL.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: High‑visibility frontage with 145 feet on Prospect Road in the heart of Oakland Park.; B‑2 zoning allows for a wide range of commercial uses.; Grandfathered auto‑related entitlement provides a rare operational advantage.
