Property profile

1029 44th Ct 1033 Oakland Park, FL 33334

OFF-MARKET
Warehouses
Property ID
US18-4161644
2,510 SF 0.12 ac lot Built 1963
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents 18 renovated warehouse units in Oakland Park, Florida's desirable East Oakland Park area. Each of the 416 square foot units, housed within three single-story buildings, boasts a 12-foot ceiling height, a private bathroom, air conditioning, and an assigned oversized parking space. The complete renovation, completed in 2024, includes a new commercial roofing system (TPO or similar), modern facades with new stucco and paint, a new gutter system, new 9'x10' impact garage doors, new single-light impact entry doors, updated electrical systems, individual security cameras, new sanitary and updated plumbing, new paving, and new elevated finish floors. Occupancy is slated for November 1, 2024. The property is zoned L-I and offered as fee simple ownership through a community association. Association fees cover building insurance, water, sewer, and light management. Individual units are priced at $9,444.44, with a total asking price of $170,000. The property is located at 1029 NE 44th Ct, Oakland Park, FL 33334, in Broward County. Built in 1964, this Class B industrial property offers a unique blend of modern amenities and a prime location. Currently, reservations are being accepted.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1963
Construction CONCRETE
Total area 2,510 SF
Lot 0.12 ac (5,406 SF)
Zoning code I-1
APN 49-42-14-13-0110
UPID US18-4161644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1029 44th Ct, Unit 1033 Oakland Park, FL 33334-3823
Oakland Park metro Census 50702 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.64M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.61M

Owner & transaction history

since 2024
Last sale
$1.6M
3 recorded transactions
2024
$1.6M
2021
Price N/A
2008
Price N/A

Zoning & alternative use

I-1 · Oakland Park, FL
Zoning description

Light Industrial District is intended primarily for the manufacture, fabrication and processing of small articles and nonobjection able products not involving the use of any materials, processes or machinery likely to ca…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $2.0M +120.1%
Neighborhood: shopping center $1.9M +104.4%
Commercial (general) $1.3M +40.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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