Boutique Office Space For
For Sale
Contact for pricing
1620 W Oakland Park Boulevard, Oakland Park, FL 33311
Affordable office space near major roadways, ideal for professionals.
Property Size556 SF
Price / SF$330.94
Days on Market877
Property Features for 1620 W Oakland Park Boulevard
General Information
Standard status
Active
Size
556 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
FlatFee.com
Listed By:
Cliff Glansen · License #707077
(954) 965-3990
Source:
Crexi
Added: May 14, 2024
Changed: Sep 22
Last Checked: Oct 7 at 10:19AM
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 FlatFee.com
Investment Insights
Based on property information with market context.
This is an affordable boutique office space for sale, situated near major roadways in a quiet area. The property includes one reserved covered parking space. It features a three-room suite within an architecturally attractive building, totaling 556 square feet. The space is suitable for professional service providers. The building incorporates multiple levels of security for access.
Key Highlights
- Affordable boutique office space ideal for professional service provider investment.
- One reserved covered parking space included.
- Located near major roadways in a quiet enclave.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,737
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,740
$294.7K
Cap Rate 7%
$210,529
$210.5K
Cap Rate 9%
$163,744
$163.7K
Market Conditions
NOI Build-Up for 556 SF
Gross rent
$25.4K $45.60/SF
− Vacancy
−$5.7K −$10.26/SF
EGI
$19.6K $35.34/SF
− OpEx
−$4.9K −$8.84/SF
NOI
$14.7K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,740
Cap Rate 7%
$210,529
Cap Rate 9%
$163,744
Alternative Uses
Best Use
Office B
$210.5K
$184.2K – $245.6K
NOI $14,737 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.1K
$246.8K – $329.1K
NOI $19,746 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Affordable office space near major roadways, ideal for professionals.
Where is this office units located?
The property is located at 1620 W Oakland Park Boulevard Oakland Park, FL.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: Affordable boutique office space ideal for professional service provider investment.; One reserved covered parking space included.; Located near major roadways in a quiet enclave.
