Residential Income
New
For Sale
Contact for pricing
810 NW 40TH 1-3, Oakland Park, FL 33309
An open living area, compact kitchen, and tiled walk-in shower define the interior.
Property Size1,785 SF
Days on Market5
Property Features for 810 NW 40TH 1-3
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$13,879
Building Details
Building Size
1,785 SF
Year Built
1962
Stories
1
Units
2
Listing Agency:
Flagler Duval
Listed By:
Erod St Louis · License #3653062
(561) 827-9830
Source:
Elliman
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 19 at 7:12AM
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 Flagler Duval
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Investment Insights
Based on property information with market context.
Built in 1962, this residential income property features an open living area with tile flooring, recessed-style lighting, and a wall-mounted Daikin A/C system. Large windows bring daylight into the space, which also includes a compact kitchen with white cabinetry, a stainless-steel sink, a two-burner cooktop, and a mosaic backsplash.
The bathroom has a tiled walk-in shower with a glass enclosure, a contemporary vanity, and updated fixtures. The property is in Oakland Park; its listed scores are 62 for biking, 29 for walking, and 27 for transit.
The bathroom has a tiled walk-in shower with a glass enclosure, a contemporary vanity, and updated fixtures. The property is in Oakland Park; its listed scores are 62 for biking, 29 for walking, and 27 for transit.
Key Highlights
- Built in 1962
- Open living area with tile flooring and wall‑mounted Daikin A/C
- Compact kitchen with white cabinetry, stainless‑steel sink, and two‑burner cooktop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,452
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,040
$549.0K
Cap Rate 7%
$392,171
$392.2K
Cap Rate 9%
$305,022
$305.0K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$52.3K $29.28/SF
− Vacancy
−$2.4K −$1.32/SF
EGI
$49.9K $27.96/SF
− OpEx
−$22.5K −$12.58/SF
NOI
$27.5K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,040
Cap Rate 7%
$392,171
Cap Rate 9%
$305,022
Alternative Uses
Best Use
Apartment 5plus
$392.2K
$343.2K – $457.5K
NOI $27,452 @ 7.0% cap · market cap 2,111.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,392 @ 7.0% cap · market cap 4,876.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An open living area, compact kitchen, and tiled walk-in shower define the interior.
Where is this residential income property located?
The property is located at 810 NW 40TH 1-3 Oakland Park, FL.
What are key features of this property?
This property features: Built in 1962; Open living area with tile flooring and wall‑mounted Daikin A/C; Compact kitchen with white cabinetry, stainless‑steel sink, and two‑burner cooktop
