Freestanding Office Building with
481 E Commercial Boulevard, Oakland Park, FL 33334
For Sale
$579,000
A divided office layout includes private rooms, a remodeled kitchen, and an outdoor covered patio.
Property Size1,130 SF
Price / SF$512.39
Days on Market66
Property Features for 481 E Commercial Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
private kitchen
outdoor covered patio
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Urbaniza Realty
Listed By:
Mauricio Arango · License #3394018
(786) 499-7716
Source:
Dietzelber
Added: Sep 2
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Urbaniza Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property contains 1,130 square feet and was built in 1965. Its divided floor plan places private offices on opposite sides of the building, with a remodeled bathroom and kitchen between them. The kitchen features stainless steel appliances and custom cabinetry, while a covered patio adds outdoor space.
The property is on E. Commercial Boulevard in Oakland Park, just east of I-95. The office arrangement supports private work areas or shared desk use.
The property is on E. Commercial Boulevard in Oakland Park, just east of I-95. The office arrangement supports private work areas or shared desk use.
Key Highlights
- 1,130‑square‑foot freestanding office property
- Split floor plan with private offices on both sides of the building
- Remodeled kitchen with stainless steel appliances and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,951
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,020
$599.0K
Cap Rate 7%
$427,871
$427.9K
Cap Rate 9%
$332,789
$332.8K
Market Conditions
NOI Build-Up for 1,130 SF
Gross rent
$51.5K $45.60/SF
− Vacancy
−$11.6K −$10.26/SF
EGI
$39.9K $35.34/SF
− OpEx
−$10.0K −$8.84/SF
NOI
$30.0K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,020
Cap Rate 7%
$427,871
Cap Rate 9%
$332,789
Alternative Uses
Best Use
Office B
$427.9K
$374.4K – $499.2K
NOI $29,951 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.3K
$501.6K – $668.9K
NOI $40,131 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,719
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
$430,500
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Broward County, FL
Properties on Market for Office buildings in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A divided office layout includes private rooms, a remodeled kitchen, and an outdoor covered patio.
Where is this office building located?
The property is located at 481 E Commercial Boulevard Oakland Park, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 1,130‑square‑foot freestanding office property; Split floor plan with private offices on both sides of the building; Remodeled kitchen with stainless steel appliances and custom cabinetry
