Self-Storage Facility with Management
For Sale
$4,650,000
4800 NE 11th Ave Oakland, Fort Lauderdale, FL 33334
Three-building facility with grade-level access and on-site leasing space.
Property Size22,375 SF
Lot Size1.00 Acre
Price / SF$207.82
Days on Market197
Property Features for 4800 NE 11th Ave Oakland
General Information
Standard status
Active
Size
22,375 SF
Class
C
Lot size
1.00 Acre
Property subtype
Multi Tenant Office
Warehouse & Industrial
Clear Height
12 ft
Self-Storage Units
75
Additional Details
Asking Price
$4,650,000
Building Details
Building Size
22,375 SF
Year Built
1970
Buildings
3
Listing Agency:
Levy Realty Advisors
Listed By:
Josh Levy · License #SL3368111
(954) 491-5505
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 10:32AM
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 Levy Realty Advisors
Investment Insights
Based on property information with market context.
This self-storage property comprises three buildings totaling 22,375 square feet on approximately one acre. The facility includes 10' x 10' grade-level overhead doors and 12' clear ceilings, along with an on-site leasing and management office. The improvements were built in 1970.
The property is located at 4800 NE 11th Ave in Oakland Park, Florida, east of Dixie Highway and west of the FEC railroad tracks. East Commercial Boulevard and Dixie Highway are identified as the closest major streets. The site is situated within an industrial area and is configured for self-storage operations.
The property is located at 4800 NE 11th Ave in Oakland Park, Florida, east of Dixie Highway and west of the FEC railroad tracks. East Commercial Boulevard and Dixie Highway are identified as the closest major streets. The site is situated within an industrial area and is configured for self-storage operations.
Key Highlights
- 22,375 SF self‑storage facility across three buildings
- Approximately one acre of land in Oakland Park, FL
- 10' x 10' grade‑level overhead doors
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
$371,687
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
7.99%
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%
$7,433,740
$7.4M
Cap Rate 7%
$5,309,814
$5.3M
Cap Rate 9%
$4,129,856
$4.1M
Market Conditions
NOI Build-Up for 22,375 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
$456.4K $20.40/SF
− Vacancy
−$19.2K −$0.86/SF
EGI
$437.3K $19.54/SF
− OpEx
−$65.6K −$2.93/SF
NOI
$371.7K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /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%
$7,433,740
Cap Rate 7%
$5,309,814
Cap Rate 9%
$4,129,856
Alternative Uses
Best Use
Warehouse
$5.31M
$4.65M – $6.19M
NOI $371,687 @ 7.0% cap · market cap 7.99%
Second Best
Self Storage
$3.79M
$3.31M – $4.42M
NOI $265,010 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$15.04M
$13.16M – $17.54M
NOI $1,052,520 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,659
Businesses Nearby
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?
Self storage facility - Three-building facility with grade-level access and on-site leasing space.
Where is this self storage facility located?
The property is located at 4800 NE 11th Ave Oakland Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 22,375 SF self‑storage facility across three buildings; Approximately one acre of land in Oakland Park, FL; 10' x 10' grade‑level overhead doors
