Garage Storage
For Sale
Contact for pricing
4493 NW 8TH Avenue #4, Oakland Park, FL 33309
Two garage-style storage spaces offer secure enclosed area, electrical service, and an assigned parking space.
Property Size2,768 SF
Price / SF$0.15
Days on Market82
Property Features for 4493 NW 8TH Avenue #4
General Information
Standard status
Active
Size
2,768 SF
Total Parking Spaces
1
Property subtype
Industrial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1974
Listing Agency:
Coldwell Banker Realty
(954) 527-5900
Listed By:
Connie Salerno · License #3024412
(954) 540-1808
Source:
Lehmannflorida
Added: Aug 11
Changed: Oct 31
Last Checked: Oct 30 at 4:49PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This property offers two garage-style storage units, each measuring approximately 11' wide by 22' deep with 12' high ceilings. A new garage door serves the space, which can accommodate storage, light industrial activity, or hobby use. Each unit includes one parking space and electrical service is provided.
Built in 1974, the property has a Walk Score of 71, a Bike Score of 47, and a Transit Score of 35. The units are available under annual lease terms, subject to tenant application and background screening.
Built in 1974, the property has a Walk Score of 71, a Bike Score of 47, and a Transit Score of 35. The units are available under annual lease terms, subject to tenant application and background screening.
Key Highlights
- 2 garage storage units available
- Approximately 11' wide by 22' deep per unit
- 12' high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,435
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,700
$648.7K
Cap Rate 7%
$463,357
$463.4K
Cap Rate 9%
$360,389
$360.4K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$49.8K $18.00/SF
− Vacancy
−$3.5K −$1.26/SF
EGI
$46.3K $16.74/SF
− OpEx
−$13.9K −$5.02/SF
NOI
$32.4K $11.72/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,700
Cap Rate 7%
$463,357
Cap Rate 9%
$360,389
Alternative Uses
Best Use
Warehouse
$518.4K
$453.6K – $604.8K
NOI $36,286 @ 7.0% cap · market cap 8,537.88%
Second Best
Self Storage
$463.4K
$405.4K – $540.6K
NOI $32,435 @ 7.0% cap · market cap 7,631.76%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,303 @ 7.0% cap · market cap 23,130.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Two garage-style storage spaces offer secure enclosed area, electrical service, and an assigned parking space.
Where is this self storage facility located?
The property is located at 4493 NW 8TH Avenue #4 Oakland Park, FL.
What are key features of this property?
This property features: 2 garage storage units available; Approximately 11' wide by 22' deep per unit; 12' high ceilings
