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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Warehouses
1029 44th Ct 1033 Oakland Park, FL 33334-3823
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4161644
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Oakland Warehouse District LLC · 1 yrs held
Oakland Warehouse District LLC
since 2024
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
I-1 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+120.1%
Neighborhood: shopping center
$1.9M
+104.4%
Commercial (general)
$1.3M
+40.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,635,000
ML approach
$1,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,035,000
Change: +120% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,890,000
Change: +104% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,300,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,170,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$990,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±10% · vs last sale $1.64M (Aug 6 2024)
Last sale anchor
$1.64M
Aug 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$651 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,491
Tax year 2023
Assessed value
$263,720
Assessed 2023
Previous assessed
$263,720
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$48,650
Assessed improvement
$215,070
Land market value
$48,650
Improvement market value
$215,070
Total market value
$263,720
Applied tax rate
1,712.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
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
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Oakland Park, FL
Zoning I-1 · permitted uses
I-1 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$990,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Oakland Warehouse District LLC
Entity
Mailing address
1314 E LAS OLAS BLVD, FORT LAUDERDALE, FL 33301-2334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
$1,635,000
Oakland Warehouse District LLC
Martha Tandy Murray
Warranty Deed
$1,308,000 · Gfi III LP
Jul 21, 2021
—
Lo Holdings Group LLC
Ronald Bryce Gray III
Warranty Deed
—
Aug 12, 2008
—
Gray Margaret R Trust
Gray,margaret R
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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