Renovated Four-Unit Flex
For Sale
$2,450,000
4019 Ne 6th Ave, Oakland Park, FL 33334
Fully renovated light-industrial property with updated storefronts, offices, bathrooms, and immediate occupancy potential.
Property Size9,712 SF
Lot Size0.28 Acres
Price / SF$252.27
Days on Market30
Property Features for 4019 Ne 6th Ave
General Information
Standard status
Active
Size
9,712 SF
Lot size
0.28 Acres
Zoning
I-1
Additional Details
Drive-In Doors
10
Taxes and HOA fees
Annual Taxes
$36,478
Building Details
Buildings
1
Building Size
9,712 SF
Listing Agency:
Biscayne Advisors
(786) 496-0440
Listed By:
Jesse Sinai · License #3518110
(786) 496-0440
Source:
Exprealty
Added: Jul 24
Changed: Aug 21
Last Checked: Aug 22 at 9:38AM
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 Biscayne Advisors
Investment Insights
Based on property information with market context.
This flex space comprises a fully renovated four-unit industrial building totaling 9,712 SF on a 12,402 SF corner lot. The layout includes four 2,428 SF bays, 10 grade-level doors, updated storefronts and facade treatments, offices, and bathrooms. A recently completed 40-year inspection is also in place.
The property is positioned along the NE 6th Avenue corridor in Oakland Park, Florida. I-1 Light Industrial zoning supports its industrial positioning, while the four-bay configuration accommodates separate occupancy or owner-user use. Immediate occupancy is available.
The property is positioned along the NE 6th Avenue corridor in Oakland Park, Florida. I-1 Light Industrial zoning supports its industrial positioning, while the four-bay configuration accommodates separate occupancy or owner-user use. Immediate occupancy is available.
Key Highlights
- 9,712 SF building on a 12,402 SF corner lot
- Four evenly sized 2,428 SF bays
- 10 grade‑level doors serving the building
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
$213,625
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
8.72%
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%
$4,272,500
$4.3M
Cap Rate 7%
$3,051,786
$3.1M
Cap Rate 9%
$2,373,611
$2.4M
Market Conditions
NOI Build-Up for 9,712 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
$349.6K $36.00/SF
− Vacancy
−$21.0K −$2.16/SF
EGI
$328.7K $33.84/SF
− OpEx
−$115.0K −$11.84/SF
NOI
$213.6K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$4,272,500
Cap Rate 7%
$3,051,786
Cap Rate 9%
$2,373,611
Alternative Uses
Best Use
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,625 @ 7.0% cap · market cap 8.72%
Second Best
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,315 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$4.93M
$4.31M – $5.75M
NOI $344,912 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,654
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Todd’s Catering — 953 E Oakland Park Blvd, Oakland Park, FL 33334
- Jolani’s Gourmet — 4072 NE 5th Terrace, Oakland Park, FL 33334
- Chef2You — 4072 NE 5th Terrace, Oakland Park, FL 33334
Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated light-industrial property with updated storefronts, offices, bathrooms, and immediate occupancy potential.
Where is this flex space located?
The property is located at 4019 Ne 6th Ave Oakland Park, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 9,712 SF building on a 12,402 SF corner lot; Four evenly sized 2,428 SF bays; 10 grade‑level doors serving the building
