Property profile

1030 43rd Ct Oakland Park, FL 33334

OFF-MARKET
Warehouses
Property ID
US18-0835724
4,050 SF 0.14 ac lot Built 1969
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1969
Construction CONCRETE
Total area 4,050 SF
Lot 0.14 ac (6,250 SF)
Zoning code I-1
APN 49-42-23-22-0480
UPID US18-0835724

Cap rate & NOI

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

Location

1030 43rd Ct Oakland Park, FL 33334-3808
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
by Request
CAP Approach CAP
$1.04M
Comparable Approach Comparable
$506k
Blend (final) Blend
$435k

Owner & transaction history

since 2013
5 recorded transactions
2013
$424,444
2013
Price N/A
2013
Price N/A
2002
$490,000
1998
$570,000

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

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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