Leased Flex Space For
For Sale
$1,995,000
4020-4024 NE 5th Terrace, Oakland Park, FL 33334
8,000 SF flex space in Oakland Park, Florida.
Property Size8,000 SF
Days on Market329
Property Features for 4020-4024 NE 5th Terrace
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Building Details
Building Size
8,000 SF
Year Built
1960
Listing Agency:
SVN - Commercial Realty | Fort Lauderdale
Listed By:
Steve Davis · License #3176135
(954) 650-7824
Source:
Svn
Added: Nov 25, 2025
Changed: Oct 9
Last Checked: Oct 19 at 3:26AM
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 SVN - Commercial Realty | Fort Lauderdale
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Investment Insights
Based on property information with market context.
This 8,000 square foot property features three 2,666 square foot bays and a clear height of approximately 11 feet. It offers ample parking and is currently 100% leased. The property is located in Oakland Park, Florida.
Key Highlights
- 100% Leased
- Three 2,666 square foot bays
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,968
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,519,360
$3.5M
Cap Rate 7%
$2,513,829
$2.5M
Cap Rate 9%
$1,955,200
$2.0M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$288.0K $36.00/SF
− Vacancy
−$17.3K −$2.16/SF
EGI
$270.7K $33.84/SF
− OpEx
−$94.8K −$11.84/SF
NOI
$176.0K $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 Rate 5%
$3,519,360
Cap Rate 7%
$2,513,829
Cap Rate 9%
$1,955,200
Alternative Uses
Best Use
Flex RnD
$2.51M
$2.20M – $2.93M
NOI $175,968 @ 7.0% cap · market cap 8.82%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,872 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,112 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Todd’s Catering — 953 E Oakland Park Blvd, Oakland Park, FL 33334
- Dang Good Food — 200 NW 34th St, Oakland Park, FL 33309
- JUAN AND ONLY CATERING SERVICES LLC — 4072 NE 5th Terrace, 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 - 8,000 SF flex space in Oakland Park, Florida.
Where is this flex space located?
The property is located at 4020-4024 NE 5th Terrace Oakland Park, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 100% Leased; Three 2,666 square foot bays; Ample parking available
