2401 State Road 7 West Park, FL 33023
This 496 square foot warehouse, located at 2401 S State Rd 7 in West Park, Florida (zip code 33023), presents a compelling investment opportunity. Situated on a sizable 17,739 square foot lot, the property boasts a B-3 Intense Commercial Business District zoning designation. Built in 1969, the building currently houses a month-to-month tenant operating a licensed car dealership, paying $8,000 per month in gross rent—significantly below market value. The asking price is $2,100,000, translating to a price per square foot of $4,233.87. The lease expires on May 31, 2022, offering immediate occupancy for an owner-user seeking to relocate their business. The property includes a small 495 square foot sales office, adding to its versatility. This presents a unique chance to acquire a well-located property in a thriving commercial area, with the potential for substantial rental income or immediate owner-occupancy. The property's location in Broward County, Florida, offers excellent access to major transportation routes and a strong local economy. This is a rare opportunity to acquire a high-return warehouse in a prime location.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.