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1040 Oakland Park Blvd 1052 Oakland Park, FL 33334-2728

OFF-MARKET Retail space Google Maps
7,203 SF 0.57 ac lot Built 1961
Entity Owned 14-yr Hold Free & Clear
Estimated value (blended)
$615k
Range $554k – $677k (±10%)
Property ID US18-0810912

Property summary

AI-generated overview

This exceptional Oakland Park investment opportunity presents a prime 33,334 sq ft property at 1040 E Oakland Park Blvd, boasting a strategic location with high traffic volume (AADT 45,000). The property comprises two single-story buildings, constructed in 1961, offering a blend of retail and warehouse space. The front building features seven retail bays directly facing Oakland Park Boulevard, ensuring excellent visibility and accessibility for businesses. Behind this, a second building provides five warehouse spaces, ideal for storage or light industrial use. The sale includes the convenient alleyway separating the two buildings. Currently, the property enjoys a 92% occupancy rate, with all tenants operating on month-to-month agreements, offering the new owner immediate flexibility in lease terms and rental rates. Importantly, current tenant rental rates are below market value, presenting a significant opportunity to increase revenue streams and enhance profitability. This property is a rare find, combining high-traffic location, diverse space types, and immediate upside potential, making it an attractive investment for discerning buyers. The property's address is 1040 E Oakland Park Blvd, Oakland Park, FL 33334.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Construction CONCRETE
Total area 7,203 SF
Lot 0.57 ac (24,725 SF)
Zoning code MR
APN 49-42-26-11-0025
UPID US18-0810912

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$615k

Owner & transaction history

since 2012
1 recorded transaction
2012
$640,500

Zoning & alternative use

MR · Oakland Park, FL
Zoning description

The Middle River District Sub-area is envisioned as a mixed-use neighborhood to include commercial, retail and residential uses oriented towards the Middle River with buildings fronting bike/ped trails for public access…

General category MIXED_USE

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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