Flex Space With Secured
For Sale
$2,999,500
2930 NW 17th Ter, Oakland Park, FL 33311
Multi-level commercial property with separate entrances, private offices, storage areas, and a secured yard for vehicle or equipment parking.
Property Size3,300 SF
Lot Size0.31 Acres
Price / SF$905.10
Days on Market12
Property Features for 2930 NW 17th Ter
General Information
Standard status
Active
Size
3,300 SF
Lot size
0.31 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
3 separate entrances
secured yard
conference/break room
bathroom with shower
undercover storage
storage garage
Building Details
Year Built
1991
Buildings
1
Stories
2
Building Size
3,300 SF
Listing Agency:
SEF Real Estate Group
Listed By:
Sonya Gomez
(954) 927-7707
Source:
Mymiahomes
Added: Aug 28
Changed: Sep 8
Last Checked: Sep 8 at 4:00AM
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 SEF Real Estate Group
Investment Insights
Based on property information with market context.
This flex space includes approximately 3,300 square feet across multiple levels, with three separate entrances that may support independent occupancy or leasing of portions of the property. The lower level includes three private offices, an open reception area, and a half bath. Upstairs are three additional private offices, a conference or break room, and a bathroom with shower. A front private office with a half bath is also included.
The 13,400-square-foot lot features a secured yard suitable for boat, automobile, equipment, or commercial vehicle parking. Additional improvements include approximately 1,200 square feet of undercover storage and a 1,000-square-foot storage garage. The property is in Fort Lauderdale near I-95 and Oakland Park Boulevard and was built in 1991.
The 13,400-square-foot lot features a secured yard suitable for boat, automobile, equipment, or commercial vehicle parking. Additional improvements include approximately 1,200 square feet of undercover storage and a 1,000-square-foot storage garage. The property is in Fort Lauderdale near I-95 and Oakland Park Boulevard and was built in 1991.
Key Highlights
- Flex space with approximately 3,300 SF of building area
- 13,400 SF lot with a secured yard
- Three separate entrances may allow portions to be used or leased independently
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
$87,838
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
2.93%
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%
$1,756,760
$1.8M
Cap Rate 7%
$1,254,829
$1.3M
Cap Rate 9%
$975,978
$976.0K
Market Conditions
NOI Build-Up for 3,314 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
$151.1K $45.60/SF
− Vacancy
−$34.0K −$10.26/SF
EGI
$117.1K $35.34/SF
− OpEx
−$29.3K −$8.84/SF
NOI
$87.8K $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 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%
$1,756,760
Cap Rate 7%
$1,254,829
Cap Rate 9%
$975,978
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,838 @ 7.0% cap · market cap 2.93%
Second Best
Flex RnD
$1.04M
$911.2K – $1.21M
NOI $72,895 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,693 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Pretty chefs international — 2001 W Oakland Park Blvd, Oakland Park, FL 33311
Frequently Asked Questions
What type of property is this?
Flex space - Multi-level commercial property with separate entrances, private offices, storage areas, and a secured yard for vehicle or equipment parking.
Where is this flex space located?
The property is located at 2930 NW 17th Ter Oakland Park, FL.
What is the asking price?
The asking price for this property is $2,999,500.
What are key features of this property?
This property features: Flex space with approximately 3,300 SF of building area; 13,400 SF lot with a secured yard; Three separate entrances may allow portions to be used or leased independently
