Leased Flex Space For
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4020-4024 Northeast 5th Terrace, Oakland Park, FL
8,000 SF flex space in Oakland Park, Florida.
Property Size8,000 SF
Lot Size0.29 Acres
Price / SF$249.38
Days on Market416
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
Listing Agency:
SVN - Commercial Realty | Fort Lauderdale
(954) 650-7824
Listed By:
Steve Davis · License #584647
Source:
Moodyscre
Added: Jul 5, 2025
Changed: Aug 8
Last Checked: Aug 23 at 11:55AM
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
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 = 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
$175,968
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
8.82%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,654
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
- 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
- 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 - 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 $1,995,000.
What are key features of this property?
This property features: 100% Leased; Three 2,666 square foot bays; Ample parking available
