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    821-835 45 St Oakland Park, FL 33309

    For Sale
    $2,500,000

    12,520 SF Warehouse, Value-Add Opportunity

    Property size:
    12,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional value-add industrial property, located at 821-835 NW 45th St, Oakland Park, FL 33309, presents a compelling investment opportunity. The 12,520 square foot warehouse sits on a 0.53-acre lot and comprises two buildings with 31 individual storage/work bay units, each approximately 400 square feet. The flexible unit configuration offers a mix of single, double, and triple units, catering to diverse tenant needs. Each unit features a 9-10 foot by 10-foot roll-up door and 13-foot ceilings. The property boasts ample parking and enhanced security measures including manual privacy fencing and security cameras, with 24/7 access permitted. Its strategic location, just off I-95 between Powerline and Prospect Road, provides excellent accessibility. Currently operating at 45% occupancy, this property presents significant upside potential due to its limited supply in Broward County and the recent improvements made by the owner. The property is zoned I-1 and offers short-term lease options. The asking price is $2,500,000.

    Property Features for 821-835 45 St

    General Information

    Property type
    Distribution properties
    Square Feet
    12,520 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    31

    HighLights

    • Short‑term lease options available.
    • Ample on‑site parking.
    • Flexible unit layouts to suit various needs.
    • Convenient location, minutes from I‑95 and Powerline Road.
    • High ceilings (13') and oversized doors (9'-10' x 10').
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.154203
    Latitude
    26.182132

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    FAQs

    What type of property is this?
    Distribution property - 12,520 SF Warehouse, Value-Add Opportunity
    Where is this distribution property located?
    The property is located at 821-835 45 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: Short-term lease options available.; Ample on-site parking.; Flexible unit layouts to suit various needs.
    Request Owner's contact information
    821-835 45 St Oakland Park, FL 33309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    821-835 45 St Oakland Park, FL 33309
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