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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1099 35 St Oakland Park, FL 33334

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3267470
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1099 35 St

    Year built
    1985
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a four-unit apartment building located at 1099 NE 35th St, Oakland Park, FL 33334, in Broward County. Built in 1985, this single-story property is currently fully rented, offering immediate cash flow. Each of the four units boasts a two-bedroom, one-bathroom layout, providing comfortable living spaces for tenants. Recent upgrades include newer central air conditioning units in each unit, enhancing tenant comfort and reducing maintenance concerns. A convenient on-site laundry room adds to the property's appeal. The property is being offered for redevelopment, capitalizing on its strategic location. Prospective buyers are encouraged to contact the City of Oakland Park directly to obtain detailed zoning information and explore redevelopment possibilities. The asking price for this multifamily property is $1,699,000. Please note that the property is currently fully occupied and drive-by viewing is recommended. Do not enter the property without prior authorization.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1326844
    Latitude
    26.1716791

    Comparable in this City

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      Oakland Park Multifamily Investment Property

      Seven-unit building in Oakland Park, generating $17,600 monthly.
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      Imperial Point Apartment with Updates

      Well-maintained apartment in prestigious subdivision, featuring new roof and windows.
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      Waterfront Multifamily Investment Opportunity

      Oakland Park 5-unit multifamily property with $120K gross annual income.
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    • $1,100,000

      Renovated Fourplex Near Wilton Manors

      Turn-key, renovated fourplex in high-demand rental area.
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    • $1,980,000

      Oakland Park Mixed-Use Building

      Two-story mixed-use building with commercial space and residential units.
      250 NE 44Th St, Fort Lauderdale, FL 33334
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    Similar Nearby for Sale

    • $9,900,000
      1.30 Acres

      Oakland Park Mixed-Use Investment

      Prime Broward County location, high traffic, flexible zoning.
      1299 Oakland Park Blvd, Oakland Park, FL 33334
      View Details
    • $1,700,000

      Oakland Park Multifamily Investment Property

      Seven-unit building in Oakland Park, generating $17,600 monthly.
      86 NE 36Th Ct, Fort Lauderdale, FL 33334
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    • $92,000

      Imperial Point Apartment with Updates

      Well-maintained apartment in prestigious subdivision, featuring new roof and windows.
      6260 NE 18Th Ave, Fort Lauderdale, FL 33334
      View Details
    • $1,185,000
      Pending

      Waterfront Multifamily Investment Opportunity

      Oakland Park 5-unit multifamily property with $120K gross annual income.
      1310 NE 30Th St, Fort Lauderdale, FL 33334
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    • $749,999

      Updated Duplex in Oakland Park

      Turnkey duplex with modern updates, ideal for investors or owners.
      260 NE 41St St, Fort Lauderdale, FL 33334
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    • $1,750,000
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      Waterfront Duplex in Wilton Manors

      Luxury duplex with redevelopment potential in prime location.
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    Similar Nearby for Lease

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      Oakland Park Condo For Rent

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      Oakland Park Apartment For Rent

      Apartment for rent in Oakland Park with parking and W/D.
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      Spacious Two Bedroom Apartment

      Comfortable 2-bed, 1-bath apartment with modern amenities.
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    • $2,300 /Mo

      Spacious Duplex Near Downtown

      Well-maintained duplex with modern amenities and convenient location.
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    • $1,595 /Mo

      Remodeled One-Bedroom Unit with Patio

      Remodeled one-bedroom unit with private patio and fenced backyard.
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    1099 35 St
    Oakland Park, FL 33334
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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