Creekfront Mixed-Use
New
For Sale
$849,900
Pending
3197 NE 18TH Ter, Oakland Park, FL 33306
B1 zoning accommodates a residence with an attached professional office.
Property Size3,673 SF
Days on Market3
Property Features for 3197 NE 18TH Ter
General Information
Standard status
Pending
Size
3,673 SF
Property subtype
Commercial
Zoning
B1
Property Condition
Severity
Repairs Needed
Evidence
necessary updating
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,149
Amenities
gated compound
Building Details
Building Size
3,673 SF
Year Built
1963
Buildings
1
Stories
2
Construction
Mid-Century modern
Listing Agency:
EXP REALTY LLC
Listed By:
Derek Cardinal · License #3564071
(954) 573-5513
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:16AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Set along Cherry Creek, this 1963 mixed-use property has approximately 4,000 square feet, with the area subject to buyer verification. Its design incorporates a rear section extending over the creek on concrete pilings, and the property is gated.
B1 zoning allows a residential home with an attached professional office. Architect Dan Duckham designed the building, which served as his home and architectural studio.
B1 zoning allows a residential home with an attached professional office. Architect Dan Duckham designed the building, which served as his home and architectural studio.
Key Highlights
- Approximately 4,000 square feet; buyer to verify
- B1 zoning permits a residence with an attached professional office
- Rear portion projects over Cherry Creek on concrete pilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,000
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,000
$1.4M
Cap Rate 7%
$985,714
$985.7K
Cap Rate 9%
$766,667
$766.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$120.0K $30.00/SF
− Vacancy
−$9.6K −$2.40/SF
EGI
$110.4K $27.60/SF
− OpEx
−$41.4K −$10.35/SF
NOI
$69.0K $17.25/SF
Area
Broward County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,000
Cap Rate 7%
$985,714
Cap Rate 9%
$766,667
Alternative Uses
Best Use
Office B
$1.51M
$1.33M – $1.77M
NOI $106,020 @ 7.0% cap · market cap 12.47%
Second Best
Mixed Use
$985.7K
$862.5K – $1.15M
NOI $69,000 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,056 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,013
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B1 zoning accommodates a residence with an attached professional office.
Where is this mixed-use property located?
The property is located at 3197 NE 18TH Ter Oakland Park, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Approximately 4,000 square feet; buyer to verify; B1 zoning permits a residence with an attached professional office; Rear portion projects over Cherry Creek on concrete pilings
