Property summary
This exceptional 9,000 square foot industrial warehouse, located in Oakland Park, Florida's Central Business District at 1030 NE 43rd Ct, 33334, presents a compelling investment opportunity. Currently vacant, this Class B property offers significant potential for owner-users or investors seeking a high return. Built in 1970 and extensively renovated in 2020, the property boasts a 12-foot ceiling height, two loading docks with two dock-high doors, and two bathrooms. A 1200 square foot air-conditioned office/conference room adds versatility. The 2020 renovations included a new electrical panel and roof resurfacing. A 40-year concrete and structural re-certification was completed in 2023, ensuring structural integrity. The property sits on a single story building and is zoned 48-01 Warehousing, ideal for distribution, manufacturing, or warehousing operations. Its prime location offers easy access to I-95, providing convenient access to Miami and Fort Lauderdale. With a 7% cap rate and a 9,000 square foot net rentable area, this property represents a strong investment in a rapidly developing area. The asking price is $2,300,000. The property is currently vacant with an occupancy date of February 1, 2025.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Oakland Park, FLLight 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Oakland Park, FL.
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