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    2136 Oakland Park Blvd Fort Lauderdale, FL 33306
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    2136 Oakland Park Blvd Fort Lauderdale, FL 33306

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    • Retail properties & Spaces

    Property Details for 2136 Oakland Park Blvd

    Property type
    Retail properties & Spaces

    Description

    Discover a remarkable retail opportunity in Fort Lauderdale's vibrant Coral Plaza shopping center, situated on East Oakland Park Boulevard, one of Broward County's busiest thoroughfares. This single-tenant space, totaling 1,625 square feet, occupies the ground floor and boasts expansive floor-to-ceiling windows providing exceptional visibility. The unit represents 24% of the building and benefits from abundant natural light, making it ideal for a variety of retail businesses or boutique services. Its strategic location directly across from Oaklyn, a new mixed-use development featuring 274 luxury apartments and over 19,000 square feet of ground-floor retail, ensures high foot traffic and exposure to a desirable demographic. The property is zoned B-1 and has an APN of 494225080170. The listed rental rate is a base rate; the estimated 2024 NNN expenses are $10 per square foot. This easily accessible property is available for occupancy beginning July 1, 2024. Don't miss this chance to establish your business in a prime, high-visibility location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1178
    Latitude
    26.1669

    Comparable in this City

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      2771 Oakland Park Blvd

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      2771 Oakland Park Blvd, Fort Lauderdale, FL 33306
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      2654 Oakland Park Blvd

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      2654 Oakland Park Blvd, Fort Lauderdale, FL 33306
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      5,000 SF

      Federal Hwy

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      2614 Federal Hwy

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      2775 Oakland Park Blvd

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      2775 Oakland Park Blvd, Fort Lauderdale, FL 33306
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      2727 Oakland Park Blvd

      Office properties & Spaces
      2727 Oakland Park Blvd, Fort Lauderdale, FL 33306
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    Similar Nearby for Sale

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      Prime Fort Lauderdale Storefront

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      Fort Lauderdale Retail Asset

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    Similar Nearby for Lease

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      Oaklyn Campus Mixed-Use Development

      Live-work-play campus with office, residential, and retail spaces.
      3333 N Federal Hwy, Oakland Park, FL 33306
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      Equipped Restaurant Space For Lease

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      Freestanding Restaurant Building For Lease

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      Oaklyn Campus Live-Work-Play Site

      Premium office, retail, and residential spaces in Oakland Park, Florida.
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    • $45 SF/Yr

      Landmark Building in Oaklyn Campus

      Eight-story building with panoramic views in a live-work-play complex.
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      Oakland Park Live-Work-Play Retail Space

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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