Retail and Office
For Sale
$2,150,000
4343 Andrews Ave, Oakland Park, FL 33309
Two fenced-in lots and a newly replaced roof complement a versatile retail and office layout.
Property Size9,100 SF
Lot Size0.36 Acres
Price / SF$236.26
Days on Market837
Property Features for 4343 Andrews Ave
General Information
Standard status
Active
Size
9,100 SF
Lot size
0.36 Acres
Property subtype
General Commercial
Zoning
B-1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$26,727
Amenities
3
Building Details
Year Built
1956
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
John DeMarco · License #A12081368
(954) 453-1000
Source:
Xome
Added: May 22, 2024
Changed: Sep 1
Last Checked: Sep 4 at 2:04AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This 9,100 SF building sits on a 15,600 SF lot and is laid out to support a mix of retail and office uses. The property includes two fenced-in lots, a new roof, and four new air conditioning units.
Located on Andrews Ave at 4343 N Andrews Ave in Oakland Park, the building is in a B-1 zoning area. The B-1 designation supports most retail and commercial uses, including automotive services and restaurants.
The property is also part of the Oakland Park CRA, which offers grants of up to $35,000 to new businesses, and seller financing is available with 30% down.
Located on Andrews Ave at 4343 N Andrews Ave in Oakland Park, the building is in a B-1 zoning area. The B-1 designation supports most retail and commercial uses, including automotive services and restaurants.
The property is also part of the Oakland Park CRA, which offers grants of up to $35,000 to new businesses, and seller financing is available with 30% down.
Key Highlights
- 9,100 SF building on a 15,600 SF lot on Andrews Ave
- Versatile layout suitable for multiple business types, including retail and office uses
- B‑1 zoning supports most retail and commercial uses, including automotive services and restaurants
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
$153,874
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
7.16%
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%
$3,077,480
$3.1M
Cap Rate 7%
$2,198,200
$2.2M
Cap Rate 9%
$1,709,711
$1.7M
Market Conditions
NOI Build-Up for 9,100 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
$240.2K $26.40/SF
− Vacancy
−$20.4K −$2.24/SF
EGI
$219.8K $24.16/SF
− OpEx
−$65.9K −$7.25/SF
NOI
$153.9K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$3,077,480
Cap Rate 7%
$2,198,200
Cap Rate 9%
$1,709,711
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,874 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,177 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,942
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
Bank of America
Shops & Services
8,647 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,539 visits/mo
0.4 miles
Marathon
Shops & Services
5,050 visits/mo
0.1 miles
Truist
Shops & Services
3,363 visits/mo
0.1 miles
U-Haul
Shops & Services
1,007 visits/mo
0.4 miles
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Delightful Fruit Flowers — 115 NW 43rd Ct, Fort Lauderdale, FL 33309
- Flower Cottage — Oakland Park, FL 33334
- Flowers & Company — 4550 Dixie Hwy, Fort Lauderdale, FL 33334
- Flowers by Promoidea — 241 E Commercial Blvd, Oakland Park, FL 33334
Frequently Asked Questions
What type of property is this?
Storefront property - Two fenced-in lots and a newly replaced roof complement a versatile retail and office layout.
Where is this storefront property located?
The property is located at 4343 Andrews Ave Oakland Park, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 9,100 SF building on a 15,600 SF lot on Andrews Ave; Versatile layout suitable for multiple business types, including retail and office uses; B‑1 zoning supports most retail and commercial uses, including automotive services and restaurants
