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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Office buildings
1608 Commercial Blvd Oakland Park, FL 33334-5719
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2429776
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
6,486 SF
Lot
0.52 ac (22,598 SF)
Zoning code
B-1
APN
49-42-14-12-0230
UPID
US18-2429776
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
by Request
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$2.74M
Owner & transaction history
408 Oakland LLC · 6 yrs held
408 Oakland LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-1 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 District may be located along traffic arteries or in concentrated shopping centers.
Zone name
Community Business
General category
COMMERCIAL
Zone area
345.64 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.4M
+35.0%
Industrial (general)
$3.1M
+22.5%
Medical building
$3.0M
+21.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,315,000
6.5%
$3,060,000
7%
$2,840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,490,000
Current use
COMMERCIAL (GENERAL)
$3,360,000
Change: +35% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,050,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$3,020,000
Change: +21% · Conversion: Easy
RETAIL STORES
$2,560,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10%
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
$422 / SF
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
$31,822
Tax year 2023
Assessed value
$1,402,660
Assessed 2023
Previous assessed
$1,284,610
+9.2% YoY
Effective rate
2.27%
On assessed value
Assessed land
$316,370
Assessed improvement
$1,086,290
Land market value
$316,370
Improvement market value
$1,086,290
Total market value
$1,402,660
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
2
Total area
6,486 SF
Lot
0.52 ac (22,598 SF)
Zoning code
B-1
APN
49-42-14-12-0230
UPID
US18-2429776
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Oakland Park, FLZoning 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
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 District may be located along traffic arteries or in concentrated shopping centers.
Zone name
Community Business
General category
COMMERCIAL
Zone area
345.64 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
408 Oakland LLC
Entity
Mailing address
2000 NE 45TH ST, FORT LAUDERDALE, FL 33308-5122
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
—
408 Oakland LLC
—
Deed
related
$878,795 · Jp Morgan Chase Bk
Aug 12, 2019
$1,950,000
408 Oakland LLC
Sbn Vi Reo LLC
Special Warranty Deed
$1,560,000 · Jpmorgan Chase Bank NA
Jan 25, 2019
$800,100
Sbn Vi Reo LLC
Tam Holdings LLC Coc
Trustees Deed
—
Jan 8, 2001
$440,000
Tam Holdings LLC
1608 Commercial Corp
Grant Deed
related
$1,200,000 · Florida Bank
Mar 15, 1999
—
1608 Commercial Corp
Panther Trust
Trustees Deed
related
—
May 15, 1997
$325,000
Panther Trust
Reilly,robert R
Grant Deed
$280,000 · Seller
—
—
Tam Holdings LLC
—
Deed Of Trust
related
$1,507,000 · Mark Feinstein
—
—
Tam Holdings LLC
—
Deed Of Trust
related
$1,400,000 · Mark Feinstein
—
—
Tam Holdings LLC
—
Deed Of Trust
related
$150,000 · Branch Banking & Trust Co
—
—
Tam Holding LLC
—
Deed Of Trust
related
$150,000 · Florida Bank
—
—
408 Oakland LLC
—
Loan Modification
related
$878,795 · Jp Morgan Chase Bk
—
—
Mark Feinstein
—
Deed Of Trust
related
$1,400,000 · Tama Holdings LLC
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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