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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Oakwood Blvd. & Stirling Rd Dania Beach, FL 33020

    • Lifestyle centers
    • 898,913 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Oakwood Blvd. & Stirling Rd

    Property size
    898,913 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Oakwood Plaza North & South, a premier Broward County retail shopping center, offers an exceptional investment opportunity. This open-air center boasts nearly 900,000 square feet of retail space, strategically located on Oakwood Blvd. & Stirling Rd in Hollywood, FL (zip code 33020). With excellent visibility and high traffic counts due to its nearly one-mile frontage on I-95 (averaging over 280,000 vehicles daily), this property benefits from its proximity to Fort Lauderdale-Hollywood International Airport and Port Everglades. The center features 4 suites, with 40,300 square feet currently vacant, offering spaces ranging from 2,200 to 20,000 contiguous square feet. Ample parking is available with 5,076 spaces. The property's strong tenant base is further enhanced by its location near a regional community center anchored by major retailers including Home Depot, BJ's Wholesale Club, Regal Cinemas, and Marshalls, providing a significant daytime population draw from the adjacent Oakwood Business Center (over 140,000 leasable square feet). This presents a unique chance to acquire a substantial retail asset in a high-traffic, high-growth area of South Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dania Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1611
    Latitude
    26.0418

    Comparable in this City

    • Value Estimation
      $4,610,000
      25,062 SF

      4150 Oakwood Blvd

      MINI-MALL • 25,062 SF
      4150 Oakwood Blvd, Hollywood, FL 33020-7121
      View Details
    • Value Estimation
      $13,145,000
      82,716 SF

      1610 Sheridan St, Unit 1774

      MINI-MALL • 82,716 SF
      1610 Sheridan St, Hollywood, FL 33020-2306
      View Details
    • Value Estimation
      $40,635,000
      164,749 SF

      3501 Oakwood Blvd, Unit 3881

      MINI-MALL • 164,749 SF
      3501 Oakwood Blvd, Hollywood, FL 33020-7108
      View Details
    • Value Estimation by Request

      1316 Dixie Hwy

      Individual retail properties
      1316 Dixie Hwy, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      2020 Harrison St

      Retail properties
      2020 Harrison St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      2332 Dixie Hwy

      Retail properties
      2332 Dixie Hwy, Hollywood, FL 33020
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      898,913 SF

      Oakwood Plaza: Retail Investment

      Prime Dania Beach Shopping Center
      0 Oakwood Blvd. & Stirling Rd, Dania Beach, FL 33020
      View Details
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    Oakwood Blvd. & Stirling Rd
    Dania Beach, FL 33020
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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.

    More about this property
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