Renovated Storefront
271 E COMMERCIAL Boulevard, Oakland Park, FL 33334
For Sale
$579,990
Tenant occupancy provides current rental income, with the buyer assuming the existing tenancy.
Property Size1,102 SF
Price / SF$526.31
Days on Market37
Property Features for 271 E COMMERCIAL Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Gross Income
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
kitchen
on-site parking
Building Details
Building Size
Year Built
Year Renovated
Tenancy
Listing Agency:
Homeinc Realty LLC
Listed By:
Evan L Forero · License #3563386
(954) 770-0794
Source:
Dietzelber
Added: Oct 1
Changed: Nov 6
Last Checked: Nov 6 at 2:32PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Oakland Park storefront and office property was built in 1959 and renovated in 2019. Work covered the roof, HVAC, water heater, plumbing, electrical systems and interior, with plans and permits completed. The layout includes multiple office or work areas, a kitchen and on-site parking. The property is tenant-occupied, and the buyer will assume the existing tenancy.
Positioned on E Commercial Boulevard, the property has access to I-95. The neighboring property at 261 E Commercial Boulevard is also available for purchase separately or as part of a package.
Positioned on E Commercial Boulevard, the property has access to I-95. The neighboring property at 261 E Commercial Boulevard is also available for purchase separately or as part of a package.
Key Highlights
- 2019 renovations included roof, HVAC, water heater, plumbing, electrical and interior improvements
- Tenant occupied; buyer to assume the existing tenant
- Multiple office or work areas, kitchen and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,209
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,180
$584.2K
Cap Rate 7%
$417,271
$417.3K
Cap Rate 9%
$324,544
$324.5K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$50.3K $45.60/SF
− Vacancy
−$11.3K −$10.26/SF
EGI
$38.9K $35.34/SF
− OpEx
−$9.7K −$8.84/SF
NOI
$29.2K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,180
Cap Rate 7%
$417,271
Cap Rate 9%
$324,544
Alternative Uses
Best Use
Office B
$417.3K
$365.1K – $486.8K
NOI $29,209 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$266.2K
$232.9K – $310.6K
NOI $18,634 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,136 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Balanced
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
$430,500
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Broward County, FL
Properties on Market for Storefront properties in Broward County
Vacancy Rate% for Office 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 - Tenant occupancy provides current rental income, with the buyer assuming the existing tenancy.
Where is this storefront property located?
The property is located at 271 E COMMERCIAL Boulevard Oakland Park, FL.
What is the asking price?
The asking price for this property is $579,990.
What are key features of this property?
This property features: 2019 renovations included roof, HVAC, water heater, plumbing, electrical and interior improvements; Tenant occupied; buyer to assume the existing tenant; Multiple office or work areas, kitchen and on‑site parking
