1500 Commercial Blvd, Oakland Park, FL 33334-5751
This exceptional 9,616 square foot freestanding retail storefront in Oakland Park, Florida, presents a compelling investment opportunity. Located at 1500 Commercial Boulevard, this two-story building boasts 18-foot ceilings and sits on a sizable 10,161 square foot corner lot. Its prime location between Federal Highway and North Dixie Highway ensures high visibility, with over 50,000 vehicles passing daily. The property features ample private parking, a significant advantage in this high-traffic area. Currently operating as a successful furniture retail/wholesale business generating over $100,000 in monthly revenue, and including $300,000 in inventory, this property offers immediate income potential. The building was constructed in 1964 and is zoned for commercial use. Attractive financing options are available for qualified buyers: 80% seller financing at 6% interest only for four years with only 20% down payment required. A strong NNN tenant is prepared to sign a new 3+3 year lease at closing, providing a 7% cap rate. This property is ideal for both investors seeking strong returns and owner-users looking for a high-visibility location in a thriving market. The property's Broward County address is 33334.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Oakland Park, FLOakland Park. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.