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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Parking lots & garages
1605 Oakland Park Blvd, Oakland Park, FL 33311-1513
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6109044
Property summary
AI-generated overview
This exceptional 31,038-square-foot retail property at 1605 W Oakland Park Blvd, Oakland Park, FL 33309, is ideally situated for high visibility and substantial foot traffic. Boasting a prime location in the heart of Oakland Park and Fort Lauderdale, this property benefits from direct frontage on Oakland Park Boulevard, just west of I-95. The property comprises two buildings, one measuring 22,932 square feet and the other 8,106 square feet, each equipped with separate men's and women's restrooms. Sitting on a spacious 3.22-acre lot, ample parking is readily available. Zoned B-1 General-Commercial Retail, this versatile space offers a multitude of potential uses, including retail stores, medical offices, gyms, showrooms, and automotive businesses. Previously occupied by Rooms To Go for many years, this free-standing building presents a unique opportunity. A tenant improvement allowance is available. The property's APN is 494221410010. This single-tenant building presents a rare opportunity to establish a thriving business in a high-demand area.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1995
Lot
1.01 ac (44,200 SF)
Zoning code
B-1
APN
49-42-21-41-0020
UPID
US18-6109044
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
$4.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Anka Development USA LLC · 2 yrs held
Anka Development USA LLC
since 2024
Last sale
$4.8M
2 recorded transactions
Zoning & alternative use
B-1 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,750,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.75M (Jun 3 2024)
Last sale anchor
$4.75M
Jun 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,610
Tax year 2023
Assessed value
$588,240
Assessed 2023
Previous assessed
$588,240
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$530,400
Assessed improvement
$57,840
Land market value
$530,400
Improvement market value
$57,840
Total market value
$588,240
Applied tax rate
1,712.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1995
Heating
NONE
Lot
1.01 ac (44,200 SF)
Zoning code
B-1
APN
49-42-21-41-0020
UPID
US18-6109044
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Oakland Park, FL
Zoning B-1 · permitted uses
B-1 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
Anka Development USA LLC
Entity
Free & Clear · 2 yrs held
Mailing address
19500 TURNBERRY WAY APT 25DE, MIAMI, FL 33180-2539
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
$4,750,000
Anka Development USA LLC
Seaman Oakland Park LLC
Special Warranty Deed
—
Feb 5, 2009
$2,256,500
Seaman Oakland Park LLC
Owner,record
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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