Oakland Park Warehouse
821-835 NW 45th St Oakland Park, FL 33309
821-835 NW 45th St, Oakland Park, FL, 33309
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For Sale
Contact for pricing
12,520 SF warehouse property with 32 individual storage units.
Property Size12,520 SF
Lot Size0.53 Acres
Price / SF$199.68
Days on Market624
Property Features for 821-835 NW 45th St
General Information
- Standard status
- Active
- Size
- 12,520 SF
- Lot size
- 0.53 Acres
- Property subtype
- Industrial
Listing Agency
STL Commercial
(561) 901-1402
Listed by
Max Loria · License #3455922
Source
Crexi
Added: Nov 4, 2024 Updated: Jul 10 at 11:18 am Checked: Jul 19 at 2:35 am
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 STL Commercial
Investment Insights
Based on property information with market context.
The property at 821-835 NW 45th St, Oakland Park FL, is a 12,520 SF warehouse situated on a 0.53 AC lot. The property features 32 individual storage/work bay units, ranging in size from 315 SF to 945 SF. Each unit includes a 10’ x 10’ roll-up door and 13’ ceilings. The property consists of three buildings across three adjacent folios, with approximately 1,000 SF currently vacant. Ample parking is available for tenants. The location is just off of I-95, between Powerline and Prospect Road, providing accessibility for a wide range of tenants. The property's monthly gross rental income is $25,950, with an annual gross rental income of $311,400.
Key Highlights
- High Annual Gross Rental Income: $311,400
- Prime Location: Just off I‑95, between Powerline and Prospect Road, offering excellent accessibility.
- High Occupancy: Only 1,000 SF vacant in a 12,520 SF building.
Local Financial Insights For Warehouse
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 | $204.3k | $16.32 |
| − Vacancy | −$11.2k | −$0.90 |
| EGI | $193.1k | $15.42 |
| − OpEx | −$29.0k | −$2.31 |
| NOI | $164.1k | $13.11 |
12,520 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.34M
$2.05M – $2.74M
NOI $164,125 @ 7.0% cap · market cap 6.57%
Second Best
Self Storage
$2.10M
$1.83M – $2.45M
NOI $146,709 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$6.35M
$5.56M – $7.41M
NOI $444,635 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Executive Airport Mini Storage — 5301 NW 22nd Ave, Fort Lauderdale, FL 33309
- Roadway Moving - South Florida — 4750 NW 15th Ave Suite A, Fort Lauderdale, FL 33309
- First United Moving and Storage — 2000 w commercial blvd #202c, fort lauderdale, fl 33309
- Extra Space Storage — 5201 NW 31st Ave, Fort Lauderdale, FL 33309
- Moving & Storage Corp — 2000 w commercial blvd #202, fort lauderdale, fl 33309
FAQs
What type of property is this?
Warehouse - 12,520 SF warehouse property with 32 individual storage units.
Where is this warehouse located?
The property is located at 821-835 NW 45th St Oakland Park, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Annual Gross Rental Income: $311,400; Prime Location: Just off I‑95, between Powerline and Prospect Road, offering excellent accessibility.; High Occupancy: Only 1,000 SF vacant in a 12,520 SF building.
