Commercial Building on Oakland
For Sale
Contact for pricing
2666 E Oakland Park Boulevard, Fort Lauderdale, FL 33306
High-traffic commercial building near Federal Hwy and the beach.
Property Size7,300 SF
Price / SF$493.15
Days on Market660
Property Features for 2666 E Oakland Park Boulevard
General Information
Standard status
Active
Size
7,300 SF
Property subtype
Office
Zoning
CB
Building Details
Year Built
1961
Listing Agency:
Douglas Elliman
(954) 874-0740
Listed By:
steven mannino · License #3393229
Source:
Crexi
Added: Oct 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:37AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This commercial building is located at the intersection of Oakland Park Boulevard and Federal Highway, an area with high traffic. The property is a few blocks from A1A and the beach. The building is currently operating as a nightclub with a kitchen, offering food and beverage services. The property includes 7,300 square feet of leasable space divided into three retail units. The leases are month to month. The property may be suitable for repositioning to maximize its potential. Owner financing is available to qualified buyers.
Key Highlights
- High‑traffic location at Oakland Park Blvd and Federal Hwy (over 30,000 daily count).
- Owner financing available to qualified buyers.
- 7,300 SQFT of leasable retail space.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$146,958
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,939,160
$2.9M
Cap Rate 7%
$2,099,400
$2.1M
Cap Rate 9%
$1,632,867
$1.6M
Market Conditions
NOI Build-Up for 7,300 SF
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.
Gross rent
$210.2K $28.80/SF
− Vacancy
−$14.3K −$1.96/SF
EGI
$195.9K $26.84/SF
− OpEx
−$49.0K −$6.71/SF
NOI
$147.0K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,939,160
Cap Rate 7%
$2,099,400
Cap Rate 9%
$1,632,867
Alternative Uses
Best Use
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $146,958 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.91M
$4.29M – $5.72M
NOI $343,392 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,010
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Manor Lanes Bowling and Sports Den Pub — 1517 NE 26th St, Fort Lauderdale, FL 33305
- Streeters Bar — 2675 N Federal Hwy, Fort Lauderdale, FL 33306
- Melina’s on the Beach — 2231 N Ocean Blvd, Fort Lauderdale, FL 33305
- Anchored Cannabis - Fort Lauderdale — 2780 N Federal Hwy, Fort Lauderdale, FL 33306
- Lee's Lounge & Deli — 2330 NE 26th St, Fort Lauderdale, FL 33306
Frequently Asked Questions
What type of property is this?
Night club - High-traffic commercial building near Federal Hwy and the beach.
Where is this night club located?
The property is located at 2666 E Oakland Park Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: High‑traffic location at Oakland Park Blvd and Federal Hwy (over 30,000 daily count).; Owner financing available to qualified buyers.; 7,300 SQFT of leasable retail space.**
