Oakland Park Multi-Tenant Commercial
4800 N Dixie Hwy Oakland Park, FL 33334
For Sale
$3,500,000
Value-add commercial property in Oakland Park with repositioning potential.
Property Size16,546 SF
Lot Size0.68 Acres
Price / SF$211.53
Days on Market97
Property Features for 4800 N Dixie Hwy
General Information
Standard status
Active
Size
16,546 SF
Lot size
0.68 Acres
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
THE AGENCY
(954) 837-3090
Listed By:
David Simonetta · License #3306180
(954) 837-3090
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 6:28AM
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 THE AGENCY
Investment Insights
Based on property information with market context.
This multi-tenant commercial property is located at 4800–4832 N Dixie Hwy in Oakland Park, with additional frontage along 931–951 NE 48th St. The property totals approximately 16,546 square feet on approximately 0.68 acres. It offers strong visibility along a major commercial corridor. The current gross income is approximately $252,000 annually, with an estimated in-place NOI of $165,000. In-place rents are estimated at 60 to 70% of market, offering value-add potential. All leases have two years or less remaining, with a few tenants on Month-to-Month agreements, allowing near-term repositioning. The building completed its 40-Year Certification within the last two years. The property is suitable for investors, owner users, or 1031 buyers seeking upside in a supply-constrained Broward market. The location has a bike score of 74, indicating it is very bikeable, a walk score of 84, indicating it is very walkable, and a transit score of 38, indicating some transit options are available.
Key Highlights
- Prime location on a major commercial corridor (N Dixie Hwy) with additional frontage on NE 48th St.
- Value‑add potential with in‑place rents estimated at 60‑70% of market value.
- Near‑term repositioning opportunity due to short‑term leases (2 years or less) and month‑to‑month tenants.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.8k | $26.40 |
| − Vacancy | −$37.1k | −$2.24 |
| EGI | $399.7k | $24.16 |
| − OpEx | −$119.9k | −$7.25 |
| NOI | $279.8k | $16.91 |
16,546 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.00M
$3.50M – $4.66M
NOI $279,780 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.39M
$7.35M – $9.79M
NOI $587,614 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Value-add commercial property in Oakland Park with repositioning potential.
Where is this strip mall located?
The property is located at 4800 N Dixie Hwy Oakland Park, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime location on a major commercial corridor (N Dixie Hwy) with additional frontage on NE 48th St.; Value‑add potential with in‑place rents estimated at 60‑70% of market value.; Near‑term repositioning opportunity due to short‑term leases (2 years or less) and month‑to‑month tenants.
