Retail & Office Building For
For Sale
$2,100,000
2745 E Oakland Park Blvd, Fort Lauderdale, FL 33306
Two-story retail and office building in a busy commercial corridor.
Property Size6,216 SF
Lot Size0.17 Acres
Price / SF$337.84
Days on Market155
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) 445-2673
Listed By:
John M Bray · License #BK3120294
(954) 445-2673
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:59PM
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 two-story building offers approximately 6,216 square feet of retail and office space. Located along East Oakland Park Boulevard, a well-established commercial corridor, the freestanding property provides exposure, signage, and accessibility. The location is in east Fort Lauderdale, near Federal Highway and the beaches. The ground floor is occupied by three retail tenants, generating income. The upper level provides approximately 3,000 square feet of move-in-ready office space. The property is located near restaurants, retail centers, and residential neighborhoods.
Key Highlights
- ±6,216 SF two‑story retail & office building on East Oakland Park Blvd.
- Three income‑producing retail tenants on the ground floor providing cash flow.
- ±3,000 SF move‑in‑ready upper level office space ideal for owner‑occupancy.**
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story retail and office building in a busy commercial corridor.
Where is this mixed-use property 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: ±6,216 SF two‑story retail & office building on East Oakland Park Blvd.; Three income‑producing retail tenants on the ground floor providing cash flow.; ±3,000 SF move‑in‑ready upper level office space ideal for owner‑occupancy.**
