Flex Space with
859 NE 44th Street Street #861, Oakland Park, FL 33334
For Sale
New
Contact for pricing
A renovated, air-conditioned retail area connects to a warehouse with grade-level loading and dedicated parking.
Property Size23,558 SF
Price / SF$0.47
Days on Market5
Property Features for 859 NE 44th Street Street #861
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Drive-In Doors
Additional Details
Mixed-Use Components
Property Use
Amenities
fully air-conditioned
showroom/reception area
private offices or storage rooms
grade-level bay doors
private restroom
Building Details
Year Built
Listing Agency:
Biscayne Advisors
Listed By:
Jesse Sinai · License FL #3518110
(786) 496-0440
Source:
Lehmannflorida
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:47AM
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 Biscayne Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 861 combines approximately 5,350 SF of retail and warehouse space. The 1,350 SF retail portion was newly renovated and is fully air-conditioned, with a showroom and reception area plus two private rooms suitable for office or storage use. The adjoining 4,000 SF warehouse has 12-foot clear ceilings, two 10' x 10' grade-level doors, and a private restroom.
The property is at the intersection of Prospect Road and Dixie Highway in Oakland Park. Parking includes up to six employee spaces and four customer spaces.
The property is at the intersection of Prospect Road and Dixie Highway in Oakland Park. Parking includes up to six employee spaces and four customer spaces.
Key Highlights
- Approximately 5,350 SF total, including 1,350 SF retail and 4,000 SF warehouse
- Newly renovated, fully air‑conditioned retail area
- Showroom/reception area and two private office or storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,314
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,966,280
$5.0M
Cap Rate 7%
$3,547,343
$3.5M
Cap Rate 9%
$2,759,044
$2.8M
Market Conditions
NOI Build-Up for 23,558 SF
Gross rent
$404.3K $17.16/SF
− Vacancy
−$22.2K −$0.94/SF
EGI
$382.0K $16.22/SF
− OpEx
−$133.7K −$5.68/SF
NOI
$248.3K $10.54/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,966,280
Cap Rate 7%
$3,547,343
Cap Rate 9%
$2,759,044
Alternative Uses
Best Use
Warehouse
$5.49M
$4.80M – $6.41M
NOI $384,313 @ 7.0% cap
Second Best
Retail
$4.09M
$3.58M – $4.77M
NOI $286,115 @ 7.0% cap
Theoretical Best
Office A
$11.95M
$10.46M – $13.94M
NOI $836,638 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Balanced
Demand for This Use
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
Properties on Market for Flex space in Oakland Park
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- JUAN AND ONLY CATERING SERVICES LLC — 4072 NE 5th Terrace, Oakland Park, FL 33334
- Jolani’s Gourmet — 4072 NE 5th Terrace, Oakland Park, FL 33334
- Chef2You — 4072 NE 5th Terrace, Oakland Park, FL 33334
- Island Palate 2GO — 4072 NE 5th Terrace, Oakland Park, FL 33334
- Fly Guys Catering — 4072 NE 5th Terrace, Oakland Park, FL 33334
Frequently Asked Questions
What type of property is this?
Flex space - A renovated, air-conditioned retail area connects to a warehouse with grade-level loading and dedicated parking.
Where is this flex space located?
The property is located at 859 NE 44th Street Street #861 Oakland Park, FL.
What are key features of this property?
This property features: Approximately 5,350 SF total, including 1,350 SF retail and 4,000 SF warehouse; Newly renovated, fully air‑conditioned retail area; Showroom/reception area and two private office or storage rooms
