Property profile

1164 Oakland Park Blvd Oakland Park, FL 33334

OFF-MARKET
Office buildings
Property ID
US18-1441742
14,129 SF 0.76 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office space, located on the third floor of a renovated building at 1164 E Oakland Park Blvd, Oakland Park, FL 33334, offers a prime opportunity for medical professionals. The building, situated on a 33,100-acre lot, boasts 14,129 square feet of total space, with suites ranging from 2,250 to 4,500 contiguous square feet. Currently, no space is vacant. The building features one elevator, 70 parking spaces, and is conveniently located near Dixie Highway, ensuring high visibility and accessibility. Built in 1975 and extensively renovated in 2024, this Class B building offers 8-9 foot ceilings and modern amenities. The space includes multiple exam rooms, many of which are plumbed, along with waiting and reception areas, a break room, and three ADA-compliant bathrooms. The property benefits from a high daily traffic count exceeding 50,000 vehicles. The zoning is B-1. Landlord pays for water and electricity. Rent is $20.00 per square foot, plus $8.00 per square foot for CAM charges. The APN is 4942 26 11 0020. This is a truly remarkable opportunity in the Fort Lauderdale, Oakland Park, and Pompano Beach submarket.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1975
Construction CONCRETE
Total area 14,129 SF
Lot 0.76 ac (33,053 SF)
Zoning code MR
APN 49-42-26-11-0020
UPID US18-1441742

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Physician
  • Charitable Organization Social Service Agency
  • Spa & Massage Center Alternative Medicine Practice
  • Pediatrician Physician

Location

1164 Oakland Park Blvd Oakland Park, FL 33334-2707
Oakland Park metro Census 50602 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.13M
CAP Approach CAP
$6.66M
Comparable Approach Comparable
$5.06M
Blend (final) Blend
$5.22M

Owner & transaction history

since 2023
Last sale
$4.3M
5 recorded transactions
2024
Price N/A
2023
$4.3M
2015
Price N/A
2014
$1.3M
2012
$1.0M

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
Top alternative use upside
Commercial (general) $7.3M +35.0%
Industrial (general) $6.6M +22.5%
Medical building $6.6M +21.5%

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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