Two-Bay Warehouse with Roll-Up
For Sale
$650,000
4511 NE 6th Avenue, Oakland Park, FL
COMMERCIAL - Oakland Park, FL
Property Size1,960 SF
Price / SF$331.63
Days on Market111
Property Features for 4511 NE 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Parking features
Offsite
Directions
Commercial Blvd. Turn right on NE 6TH AVE. to property.
Subdivision
3450
Standard status
Active
APN
494215090011
Size
1,960 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SEMINOLE WAREHOUSE PLAT ADD 39-32 B LOT 7 E 1/2 BLK 1
Tax Annual Amount
6350
Legal Description
SEMINOLE WAREHOUSE PLAT ADD 39-32 B LOT 7 E 1/2 BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Tile
Building materials
CBS, Stucco
Roof type
Flat
Listing Agency:
LPT Realty, LLC
(561) 540-8979
Listed By:
Grisel M Arias · License #3151743
(561) 324-8354
Added: Apr 18
Changed: Aug 5
Last Checked: Aug 6 at 7:06PM
MLS# B26018785
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-bay warehouse property is set up for flexible operations, with each bay approximately 1,000 SF. Each bay includes its own bathroom, separate water and electric meters, 9-ft ceilings, and roll-up access. Office areas are finished with tile flooring.
The property is zoned B-3 and served by public water and public sewer. The roof is flat, and the building was constructed in 1960 with CBS and stucco materials. Parking is identified as offsite.
Recent improvements include a mini-split system installed for the North Bay in November 2025, along with a brand-new 8x8 roll-up door included for installation. The South Bay is equipped with a window A/C unit. The front entrance was paved, and city drainage improvements were completed approximately three years ago with no outstanding assessments. The property is currently leased month-to-month.
The property is zoned B-3 and served by public water and public sewer. The roof is flat, and the building was constructed in 1960 with CBS and stucco materials. Parking is identified as offsite.
Recent improvements include a mini-split system installed for the North Bay in November 2025, along with a brand-new 8x8 roll-up door included for installation. The South Bay is equipped with a window A/C unit. The front entrance was paved, and city drainage improvements were completed approximately three years ago with no outstanding assessments. The property is currently leased month-to-month.
Key Highlights
- Two bays, each approximately 1,000 SF, with roll‑up access
- Separate water and electric meters for each bay, each with its own bathroom
- Zoned B‑3 with public water and public sewer
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
$43,112
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
6.63%
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%
$862,240
$862.2K
Cap Rate 7%
$615,886
$615.9K
Cap Rate 9%
$479,022
$479.0K
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
$70.6K $36.00/SF
− Vacancy
−$4.2K −$2.16/SF
EGI
$66.3K $33.84/SF
− OpEx
−$23.2K −$11.84/SF
NOI
$43.1K $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%
$862,240
Cap Rate 7%
$615,886
Cap Rate 9%
$479,022
Alternative Uses
Best Use
Flex RnD
$615.9K
$538.9K – $718.5K
NOI $43,112 @ 7.0% cap · market cap 6.63%
Second Best
Warehouse
$367.1K
$321.2K – $428.2K
NOI $25,694 @ 7.0% cap · market cap 3.95%
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
Lease Details
9 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,860
Businesses Nearby
Well-served
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehoused in zoning B-3 with two functional bays, each with roll-up access, separate utilities, and private bathrooms.
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: Two bays, each approximately 1,000 SF, with roll‑up access; Separate water and electric meters for each bay, each with its own bathroom; Zoned B‑3 with public water and public sewer
