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    Leased Flex Space For Sale Title is generated by Realmo AI

    4020-4024 Northeast 5th Terrace, Oakland Park, FL

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    8,000 SF flex space in Oakland Park, Florida.

    Type:INDUSTRIAL
    Property size:
    8,000 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $265/SF
    Added:
    Jul 5, 2025
    Days on Market:
    344
    Last Refresh:
    May 19 at 8:50 pm

    Property Features for 4020-4024 Northeast 5th Terrace

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.29 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Steve Davis
    Steve Davis

    Listing agent Steve Davis License #BK520060

    Listing office SVN - Commercial Realty | Fort Lauderdale

    Listing date Jul 5, 2025

    Source Moodyscre

    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

    HighLights

    • 100% Leased
    • Three 2,666 square foot bays
    • Ample parking available
    • Clear height: +/- 11'

    Overview

    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.

    Local Financial Insights For Flex RnD

    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 $288.0k $36.00
    − Vacancy −$17.3k −$2.16
    EGI $270.7k $33.84
    − OpEx −$94.8k −$11.84
    NOI $176.0k $22.00
    8,000 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $2.51M
    $2.20M – $2.93M (±1% cap)
    NOI $175,968 @ 7.0% cap · market cap 8.28%
    Second Best
    Warehouse
    $1.50M
    $1.31M – $1.75M (±1% cap)
    NOI $104,872 @ 7.0% cap · market cap 4.94%
    Theoretical Best
    Office A
    $4.06M
    $3.55M – $4.74M (±1% cap)
    NOI $284,112 @ 7.0% cap · market cap 13.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Hitch Booth — 1831 S Dixie Hwy, Pompano Beach, FL 33062
    • 681 Seafood & Southern Bites
    • firehouse subs — 891 E Commercial Blvd, Oakland Park, FL 33334

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1394
    Latitude
    26.1767

    FAQs

    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 Northeast 5th Terrace Oakland Park, FL.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: 100% Leased; Three 2,666 square foot bays; Ample parking available
    (954) 771-1212 Call to check price and availability
    More about this property
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