Flex Space with Secured
950 NE 40th Court, Oakland Park, FL 33334
For Sale
Contact for pricing
Vacant office and industrial space includes access to a private outdoor area, with CAM included in the rent.
Property Size3,200 SF
Price / SF$1.88
Days on Market70
Property Features for 950 NE 40th Court
General Information
Standard status
Size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Better Homes & Gdns RE Fla 1st
(954) 525-2200
Listed By:
Michael Anticoli · License #3609078
(570) 499-9818
Source:
Wycliffecommunityrealty
Added: Aug 30
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 Better Homes & Gdns RE Fla 1st
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property combines office and industrial space. The interior is clean, professionally painted, and vacant, with occupancy available. A secured rear yard of approximately 1,800 square feet is part of the offering.
Located at 950 NE 40th Court in Oakland Park, the property offers access to major roadways and the surrounding Broward County area. Built in 1968, it is offered for lease with flexible lease options and CAM included in the rent.
Located at 950 NE 40th Court in Oakland Park, the property offers access to major roadways and the surrounding Broward County area. Built in 1968, it is offered for lease with flexible lease options and CAM included in the rent.
Key Highlights
- 3,200‑square‑foot office and industrial flex space
- Approximately 1,800‑square‑foot secured rear yard
- Vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,546
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,920
$690.9K
Cap Rate 7%
$493,514
$493.5K
Cap Rate 9%
$383,844
$383.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$52.2K $16.32/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$49.4K $15.42/SF
− OpEx
−$14.8K −$4.63/SF
NOI
$34.5K $10.80/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,920
Cap Rate 7%
$493,514
Cap Rate 9%
$383,844
Alternative Uses
Best Use
Flex RnD
$1.01M
$879.8K – $1.17M
NOI $70,387 @ 7.0% cap · market cap 1,173.12%
Second Best
Warehouse
$599.3K
$524.4K – $699.2K
NOI $41,949 @ 7.0% cap · market cap 699.15%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,645 @ 7.0% cap · market cap 1,894.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant office and industrial space includes access to a private outdoor area, with CAM included in the rent.
Where is this flex space located?
The property is located at 950 NE 40th Court Oakland Park, FL.
What are key features of this property?
This property features: 3,200‑square‑foot office and industrial flex space; Approximately 1,800‑square‑foot secured rear yard; Vacant and ready for occupancy
