Two-Bay Warehouse with Roll-Up
For Sale
$650,000
4511 NE 6th Avenue, Oakland Park, FL 33334
Two separate bays with roll-up access, each with private bath and utilities, suited for owner-users or investors.
Property Size1,960 SF
Price / SF$331.63
Days on Market128
Property Features for 4511 NE 6th Avenue
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,350
Amenities
Central air
Common
Electric Cooling
Electric Heating
Flat Roof
Tile Flooring
Wall Furnace Heating
Wall Window Units Cooling
Building Details
Year Built
1960
Listing Agency:
LPT REALTY, LLC
(561) 324-8354
Listed By:
GRISEL M ARIAS · License #B26018785
Source:
Corcoran
Added: Apr 22
Changed: Aug 25
Last Checked: Aug 26 at 8:18AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This warehouse property offers two functional bays, each approximately 1,000 square feet, designed for flexible operations. Each bay includes its own bathroom, separate water and electric meters, and 9-foot ceilings, along with roll-up access for practical loading and storage. Finished office areas feature tile flooring. Building updates include a mini-split system installed for the North Bay (November 2025), and a brand-new 8x8 roll-up door included for installation. The South Bay is equipped with a window A/C unit, and the front entrance has been paved. City drainage improvements were completed approximately three years ago, with no outstanding assessments noted.
Located on Oakland Park’s industrial corridor, the property is positioned for convenient access to major thoroughfares and the surrounding area, including Wilton Manors and Fort Lauderdale. The current configuration supports day-to-day operations with dedicated utilities by bay.
The property is currently leased on a month-to-month basis, which may appeal to tenants seeking shorter commitment terms or owner-users planning for flexibility. It is also available as part of a portfolio sale, including a duplex at 121 NW 56th Ct, 1–2, two single-family homes at 5730 NE 6th Terrace and 321 NW 51st Street, with the opportunity to purchase together or separately.
Located on Oakland Park’s industrial corridor, the property is positioned for convenient access to major thoroughfares and the surrounding area, including Wilton Manors and Fort Lauderdale. The current configuration supports day-to-day operations with dedicated utilities by bay.
The property is currently leased on a month-to-month basis, which may appeal to tenants seeking shorter commitment terms or owner-users planning for flexibility. It is also available as part of a portfolio sale, including a duplex at 121 NW 56th Ct, 1–2, two single-family homes at 5730 NE 6th Terrace and 321 NW 51st Street, with the opportunity to purchase together or separately.
Key Highlights
- 1960‑built warehouse at 4511 NE 6th Ave with two separate bays, each about 1,000 SF
- North and South bays each include a bathroom, separate water and electric meters, and roll‑up access
- Both bays feature 9‑ft ceilings; South Bay includes a window A/C unit
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
$25,694
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
3.95%
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%
$513,880
$513.9K
Cap Rate 7%
$367,057
$367.1K
Cap Rate 9%
$285,489
$285.5K
Market Conditions
NOI Build-Up for 1,960 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
$32.0K $16.32/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$30.2K $15.42/SF
− OpEx
−$4.5K −$2.31/SF
NOI
$25.7K $13.11/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
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%
$513,880
Cap Rate 7%
$367,057
Cap Rate 9%
$285,489
Alternative Uses
Best Use
Warehouse
$367.1K
$321.2K – $428.2K
NOI $25,694 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.4K
$870.1K – $1.16M
NOI $69,607 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,860
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two separate bays with roll-up access, each with private bath and utilities, suited for owner-users or investors.
Where is this warehouse located?
The property is located at 4511 NE 6th Avenue Oakland Park, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1960‑built warehouse at 4511 NE 6th Ave with two separate bays, each about 1,000 SF; North and South bays each include a bathroom, separate water and electric meters, and roll‑up access; Both bays feature 9‑ft ceilings; South Bay includes a window A/C unit
