821-835 45Th St Oakland Park, FL 33309
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.