Two-Story Retail & Office
For Sale
$2,100,000
2745 E Oakland Park Blvd, Fort Lauderdale, FL 33306
6,216 SF retail and office building on Oakland Park Blvd.
Property Size6,216 SF
Lot Size0.17 Acres
Days on Market257
Property Features for 2745 E Oakland Park Blvd
General Information
Standard status
Active
Size
6,216 SF
Lot size
0.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,317
Building Details
Building Size
6,216 SF
Year Built
1960
Listing Agency:
Fisher Bray Real Estate Group
(954) 610-6796
Listed By:
Murray M Fisher · License #BK3120294
(954) 610-6796
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:48AM
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 Fisher Bray Real Estate Group
Investment Insights
Based on property information with market context.
This 6,216 square foot two-story building is located along East Oakland Park Boulevard. The property is a freestanding structure that offers exposure, signage, and accessibility in an east Fort Lauderdale location, minutes from Federal Highway and the beaches. The building features three income-producing retail tenants on the ground floor, while the 3,000 square foot upper level offers a move-in-ready space. The property is suitable for an owner-user or investor. The property is surrounded by restaurants, retail centers, and neighborhoods.
Key Highlights
- High‑traffic location on East Oakland Park Blvd ensures excellent exposure and accessibility.
- 6,216 SF two‑story building suitable for owner‑user or investor.
- Three income‑producing retail tenants on the ground floor provide immediate cash flow.
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
$178,573
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
8.50%
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%
$3,571,460
$3.6M
Cap Rate 7%
$2,551,043
$2.6M
Cap Rate 9%
$1,984,144
$2.0M
Market Conditions
NOI Build-Up for 6,216 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
$283.4K $45.60/SF
− Vacancy
−$45.4K −$7.30/SF
EGI
$238.1K $38.30/SF
− OpEx
−$59.5K −$9.58/SF
NOI
$178.6K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,571,460
Cap Rate 7%
$2,551,043
Cap Rate 9%
$1,984,144
Alternative Uses
Best Use
Office B
$2.55M
$2.23M – $2.98M
NOI $178,573 @ 7.0% cap · market cap 8.50%
Second Best
Retail
$1.58M
$1.38M – $1.85M
NOI $110,726 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$4.18M
$3.66M – $4.87M
NOI $292,401 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 6,216 SF retail and office building on Oakland Park Blvd.
Where is this retail space located?
The property is located at 2745 E Oakland Park Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High‑traffic location on East Oakland Park Blvd ensures excellent exposure and accessibility.; 6,216 SF two‑story building suitable for owner‑user or investor.; Three income‑producing retail tenants on the ground floor provide immediate cash flow.
