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    Property profile & analytics
    OFF-MARKET Estimated value $1,150,000
    Commercial land

    1048 Oakland Park Blvd, Oakland Park, FL 33334-2728

    2,293 SF 0.42 ac lot Built 1960
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US19-0649316
    Property summary
    AI-generated overview

    This exceptional 18,499 square foot commercial land parcel is located at 1048 E Oakland Park Blvd, Oakland Park, Florida, 33334. Situated on a highly visible corner lot, this property presents a unique opportunity for developers and investors. The asking price is $1,285,000. After a 25-year environmental review process, the site is now fully cleared and ready for immediate development. The property's prime location in Oakland Park, Broward County, benefits from a thriving commercial environment experiencing significant recent growth and numerous ongoing construction projects. This influx of new commercial development underscores the area's strong potential for future growth and return on investment. The expansive lot size offers considerable flexibility for a wide range of commercial projects, allowing for the creation of a building tailored to specific needs. The property's location on a busy thoroughfare ensures high visibility and accessibility, making it an ideal site for businesses seeking maximum exposure. This is a rare opportunity to acquire a cleared, commercially zoned lot in a rapidly developing area. Don't miss this chance to capitalize on the burgeoning commercial landscape of Oakland Park.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1960
    Total area 2,293 SF
    Lot 0.42 ac (18,499 SF)
    Zoning code MR
    APN 49-42-26-11-0023
    UPID US19-0649316
    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
    $1.15M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.41M
    Blend (final) Blend
    $1.15M
    Owner & transaction history
    Hy Nissim Developments LLC · 1 yrs held
    Hy Nissim Developments LLC
    since 2024
    Last sale
    $1.2M
    4 recorded transactions
    2024
    $1.2M
    2021
    $530,000
    2017
    $650,000
    2005
    $480,000
    Zoning & alternative use
    MR · Oakland Park, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.9M +56.5%
    Neighborhood: shopping center $1.7M +45.3%
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