Retail Suites with Flexible
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For Sale
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3901 N Andrews Avenue 3921 & 3925, Oakland Park, FL 33309
Two vacant spaces can be leased separately or combined, with buildout options tied to lease length.
Property Size8,796 SF
Price / SF$0.00
Days on Market7
Property Features for 3901 N Andrews Avenue 3921 & 3925
General Information
Standard status
Active
Size
8,796 SF
Property subtype
Retail
Zoning
B-1
Building Details
Year Built
1969
Listing Agency:
Icon Realty Advisors LLC
(954) 951-4266
Listed By:
Michael Dennis Landis · License #3658022
(754) 802-4001
Source:
Lehmannflorida
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 30 at 4:04PM
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 Icon Realty Advisors LLC
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Investment Insights
Based on property information with market context.
Two retail suites at 3901 N Andrews Avenue in Oakland Park are available separately or together. Each offers approximately 900 SF, with a combined configuration of about 1,800 SF. Suite 3925 has a glass storefront entrance, an open interior, exposed ceiling with LED lighting, a private restroom, and a rear service door. Suite 3921 includes a front window and entrance, finished drop ceiling with LED troffers, a private tiled restroom, utility sink room, back storage rooms, and rear exit. Both spaces use the plaza’s front parking area; building renovations are planned.
The property is zoned B-1 Community Business. Listed permitted uses include barber and beauty salons, day spas, insurance and tax offices, professional offices, boutique retail, and fitness studios. Custom buildout may be considered depending on lease length.
The property is zoned B-1 Community Business. Listed permitted uses include barber and beauty salons, day spas, insurance and tax offices, professional offices, boutique retail, and fitness studios. Custom buildout may be considered depending on lease length.
Key Highlights
- Two vacant suites of approximately 900 SF each; may be combined for about 1,800 SF
- B‑1 Community Business zoning
- Suite 3925 has storefront glass, an open floor plan, LED lighting, private restroom, and rear service door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,733
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,974,660
$3.0M
Cap Rate 7%
$2,124,757
$2.1M
Cap Rate 9%
$1,652,589
$1.7M
Market Conditions
NOI Build-Up for 8,796 SF
Gross rent
$232.2K $26.40/SF
− Vacancy
−$19.7K −$2.24/SF
EGI
$212.5K $24.16/SF
− OpEx
−$63.7K −$7.25/SF
NOI
$148.7K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,974,660
Cap Rate 7%
$2,124,757
Cap Rate 9%
$1,652,589
Alternative Uses
Best Use
Retail
$2.12M
$1.86M – $2.48M
NOI $148,733 @ 7.0% cap · market cap 531,189.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.46M
$3.90M – $5.21M
NOI $312,381 @ 7.0% cap · market cap 1,115,646.43%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Groceries 14%
Home Improvements & Furnishings 1%
Dollar Tree
Shops & Services
17,989 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
9,550 visits/mo
0.4 miles
Bank of America
Shops & Services
8,647 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,539 visits/mo
0.1 miles
Marathon
Shops & Services
5,050 visits/mo
0.4 miles
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two vacant spaces can be leased separately or combined, with buildout options tied to lease length.
Where is this retail space located?
The property is located at 3901 N Andrews Avenue 3921 & 3925 Oakland Park, FL.
What are key features of this property?
This property features: Two vacant suites of approximately 900 SF each; may be combined for about 1,800 SF; B‑1 Community Business zoning; Suite 3925 has storefront glass, an open floor plan, LED lighting, private restroom, and rear service door
