Storefront Property with Rear Work
261 E COMMERCIAL Boulevard, Oakland Park, FL 33334
For Sale
$599,990
An open customer-facing area, rear storage and work space, and on-site parking support a range of retail operations.
Property Size1,642 SF
Price / SF$365.40
Days on Market37
Property Features for 261 E COMMERCIAL Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Homeinc Realty LLC
Listed By:
Evan L Forero · License #3563386
(954) 770-0794
Source:
Waltzerrealty
Added: Oct 1
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 Homeinc Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property contains 1,642 square feet, with an open retail area at the front and additional storage and work space at the rear. On-site parking is also provided. Built in 1959, the building is currently occupied by a tenant, and the buyer will assume the existing tenancy.
The property fronts E Commercial Boulevard in Oakland Park, with access to I-95. A neighboring property at 271 E Commercial Boulevard is also available for separate purchase or as part of a combined acquisition.
The property fronts E Commercial Boulevard in Oakland Park, with access to I-95. A neighboring property at 271 E Commercial Boulevard is also available for separate purchase or as part of a combined acquisition.
Key Highlights
- 1,642‑square‑foot storefront property
- Open retail area with rear storage and work space
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,765
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,300
$555.3K
Cap Rate 7%
$396,643
$396.6K
Cap Rate 9%
$308,500
$308.5K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$43.3K $26.40/SF
− Vacancy
−$3.7K −$2.24/SF
EGI
$39.7K $24.16/SF
− OpEx
−$11.9K −$7.25/SF
NOI
$27.8K $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%
$555,300
Cap Rate 7%
$396,643
Cap Rate 9%
$308,500
Alternative Uses
Best Use
Retail
$396.6K
$347.1K – $462.8K
NOI $27,765 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.1K
$728.9K – $971.9K
NOI $58,314 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
115k
Monthly Visits Nearby
Balanced
Demand for This Use
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
$430,500
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Broward County, FL
Properties on Market for Storefront properties in Broward County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Delightful Fruit Flowers — 115 NW 43rd Ct, Fort Lauderdale, FL 33309
- Bella Flora Design — 1050 NE 45th St, Oakland Park, FL 33334
- Flower Cottage — Oakland Park, FL 33334
- Flowers & Company — 4550 Dixie Hwy, Fort Lauderdale, FL 33334
- Fort Lauderdale Flower Market — 4500 Dixie Hwy Ste-31, Oakland Park, FL 33334
Frequently Asked Questions
What type of property is this?
Storefront property - An open customer-facing area, rear storage and work space, and on-site parking support a range of retail operations.
Where is this storefront property located?
The property is located at 261 E COMMERCIAL Boulevard Oakland Park, FL.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: 1,642‑square‑foot storefront property; Open retail area with rear storage and work space; On‑site parking
