Property profile

1299 E Commercial Blvd Oakland Park, FL 33334

FOR LEASE
Office buildings
Property ID
US18-0183297
17,624 SF 0.75 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story medical and traditional office building in Oakland Park, Broward County, offers 14,946 square feet of first-generation space. Multiple suites are available, ranging from a minimum of 207 square feet to a maximum contiguous space of 2,920 square feet; currently, 2,920 square feet is vacant. The building sits on a 0.52-acre lot and is zoned B-1 by the City of Oakland Park. The property boasts ample parking, with a ratio of 4 spaces per 1,000 square feet. Its strategic location provides convenient access to major hospitals, the Cypress Creek Business District, and a variety of hotels and restaurants. The high daily traffic count of approximately 55,000 vehicles ensures excellent visibility and accessibility. Specific suite sizes include approximately 207, 537, 612, 743, 1,428, 2,103, 2,713, and 2,920 square feet, offering a variety of options to suit diverse business needs. This is an ideal opportunity for medical practices or other professional businesses seeking a modern, well-located space.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1975
Construction CONCRETE
Total area 17,624 SF
Lot 0.75 ac (32,755 SF)
Zoning code B-1
APN 49-42-11-07-4920
UPID US18-0183297

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
  • Medical Clinic
  • Medical Clinic
  • Medical Clinic
  • Medical Clinic

Location

1299 E Commercial Blvd Oakland Park, FL 33334
Oakland Park metro Census 50601 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.34M
Blend (final) Blend
$5.21M

Owner & transaction history

since 2022
Last sale
$4.0M
7 recorded transactions
2022
$4.0M
2009
Price N/A
2007
$1.7M
2006
$1.3M
2005
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Oakland Park, FL
Zoning description

The B-1 Community Business District is intended primarily to meet the shopping and limited service needs of several neighborhoods. Retail stores are intended to include convenience, fashion and durable goods. The B-1 Dis…

General category COMMERCIAL
Top alternative use upside
Industrial (general) $8.3M +22.5%
Medical building $8.2M +21.5%
Retail stores $7.0M +3.0%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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