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    4407 10Th Ave Oakland Park, FL 33334

    For Sale
    $575,000

    Six-Unit Warehouse, 100% Occupied

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a six-unit warehouse portfolio located at 4407 NE 10th Ave, Oakland Park, Florida 33334. The property totals 2,500 square feet, boasting a strong 100% occupancy rate with six individual tenants under modified month-to-month leases. Each unit features its own bathroom and is separately metered for electricity, offering both convenience and efficient utility management. The building is a single-story Class C structure with ample parking (six spaces per unit). The asking price is $575,000, representing a compelling $230 per square foot and a 6.00% capitalization rate based on a Net Operating Income (NOI) of $35,144. The property benefits from recent exterior paint upgrades completed in 2023. All units are currently leased at market rates, ensuring a stable and predictable income stream. Financial statements, including the 2023 Profit & Loss statement and rent roll, are available upon request. This stabilized investment is ideal for buyers seeking a high-occupancy, multi-tenant warehouse portfolio in a desirable Broward County location. The property's strong performance and recent improvements make it a particularly attractive acquisition. All inquiries must come from principals only.

    Property Features for 4407 10Th Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,500 SF
    Class
    C

    Building Details

    Stories
    1
    Units
    6
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1339068
    Latitude
    26.1818548

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    FAQs

    What type of property is this?
    Distribution property - Six-Unit Warehouse, 100% Occupied
    Where is this distribution property located?
    The property is located at 4407 10Th Ave Oakland Park, FL.
    What is the asking price?
    The asking price for this property is $575,000.
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    4407 10Th Ave Oakland Park, FL 33334
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    Oakland Park, FL 33334
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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
    4407 10Th Ave Oakland Park, FL 33334
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