Multi-Tenant Retail Center with
3901 North Andrews Avenue Oakland Park, FL 33309
3901 North Andrews Avenue, Oakland Park, FL, 33309
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For Sale
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Small-suite retail center with 160 feet of direct frontage on a high-traffic Andrews Ave corridor in Oakland Park.
Property Size8,694 SF
Lot Size0.47 Acres
Price / SF$195.54
Days on Market39
Property Features for 3901 North Andrews Avenue
General Information
- Standard status
- Active
- Size
- 8,694 SF
- Lot size
- 0.47 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1969
Listing Agency
Triumphant Commercial Group
Listed by
Cleveland Sainpreux · License #BK3418648
Source
Crexi
Added: Jun 9 Checked: Jul 17 at 3:19 am
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 Triumphant Commercial Group
Investment Insights
Based on property information with market context.
Angel Flower Plaza is an approximately 8,694 SF multi-tenant retail center on about 0.47 acres, offering a small-suite layout designed for neighborhood service-oriented tenants. The property features 160 feet of direct frontage on N. Andrews Avenue, providing street-level presence for ongoing retail activity.
The center sits along N. Andrews Avenue, a corridor averaging +/-24,000 vehicles per day. Angel Flower Plaza is located in Oakland Park and is positioned minutes from Downtown Fort Lauderdale, Fort Lauderdale Executive Airport, and Chase Stadium, supporting convenient access for customers and staff.
This is a value-add retail offering for buyers seeking an income-oriented small-suite format. The provided materials describe an in-place 7.00% cap rate and a 9.38% pro forma cap rate by Year 3, with seller financing available. The asset’s neighborhood retail configuration may appeal to operators looking for space tailored to service-focused tenants within a retail center setting.
The center sits along N. Andrews Avenue, a corridor averaging +/-24,000 vehicles per day. Angel Flower Plaza is located in Oakland Park and is positioned minutes from Downtown Fort Lauderdale, Fort Lauderdale Executive Airport, and Chase Stadium, supporting convenient access for customers and staff.
This is a value-add retail offering for buyers seeking an income-oriented small-suite format. The provided materials describe an in-place 7.00% cap rate and a 9.38% pro forma cap rate by Year 3, with seller financing available. The asset’s neighborhood retail configuration may appeal to operators looking for space tailored to service-focused tenants within a retail center setting.
Key Highlights
- 8,694 SF multi‑tenant retail center on approx. 0.47 acres
- 160 feet of direct frontage on N. Andrews Ave with +/-24,000 vehicles per day
- Small‑suite layout serving service‑oriented local neighborhood retail tenants
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.5k | $26.40 |
| − Vacancy | −$19.5k | −$2.24 |
| EGI | $210.0k | $24.16 |
| − OpEx | −$63.0k | −$7.25 |
| NOI | $147.0k | $16.91 |
8,694 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $147,009 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.41M
$3.86M – $5.15M
NOI $308,758 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Small-suite retail center with 160 feet of direct frontage on a high-traffic Andrews Ave corridor in Oakland Park.
Where is this shopping center located?
The property is located at 3901 North Andrews Avenue Oakland Park, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 8,694 SF multi‑tenant retail center on approx. 0.47 acres; 160 feet of direct frontage on N. Andrews Ave with +/-24,000 vehicles per day; Small‑suite layout serving service‑oriented local neighborhood retail tenants
