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    2152 Oakland Park Blvd, Unit 2192 Oakland Park, FL 33311-1524
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    Property profile & analytics

    2152 Oakland Park Blvd, Unit 2192 Oakland Park, FL 33311-1524

    View on Map
    • Retail space
    • 12,492 SF
    • 1.08 lot acres
    Off-Market
    Last Sale Aug 10, 2023
    $2,900,000
    Property ID
    US18-5057893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,910,000
    Show details
    Cap Rate Potential
    7.9%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2152 Oakland Park Blvd

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    1.08 lot acres
    Property size
    12,492 SF
    Zone code
    B-1
    Property type
    Retail space
    APN
    49-42-29-50-0020
    APU
    494229500020

    Description

    This exceptional 1,200 square foot retail space is located at 2152 W Oakland Park Blvd in Oakland Park, Florida, 33311. Situated on a 1.081-acre lot, this single-story, 1980-built building offers excellent frontage and visibility on a busy thoroughfare boasting an average daily traffic count of 56,000 vehicles. The property is zoned B-1 and features floor-to-ceiling windows, providing optimal exposure for retail tenants. The space is move-in ready and presents a fantastic opportunity for a variety of businesses, including but not limited to: accounting/tax offices, check cashing services, churches, phone stores, nail salons, eyelash studios, smoothie restaurants, ice cream shops, or coffee/juice bars. The property's APN is 494229500020, and it's located in Broward County. This is a multi-tenant property, although the specific number of suites is not currently listed. This prime location offers unparalleled visibility and accessibility, making it an ideal investment for any discerning business owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,800,000
      ML approach
      $3,015,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,710,000
      6.5%
      $3,425,000
      7%
      $3,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,922,000
      Market price range: $1.48M - $4.62M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,140,000
      Current use
      COMMERCIAL (GENERAL)
      $3,345,000
      Change: +7% Conversion: Easy
      OFFICE BUILDING
      $3,115,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1725
    Latitude
    26.1651
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,021
    $564,970
    $1,442,510
    $2,007,480
    -
    $564,970
    $1,442,510
    $2,007,480

    Comparable in this City

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      28,639 SF

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    • Value Estimation
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      510-570 7th Ave

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      2409 15th Ct

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      1451 31st Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,176 SF
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    • Value Estimation
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      8,335 SF

      3021 19th St

      RETAIL STORES (PERSONAL SERVICES) • 8,335 SF
      3021 19th St, Fort Lauderdale, FL 33311-3204
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    • Value Estimation
      $12,020,000
      32,480 SF

      1823-1853 38th Ave

      RETAIL STORES (PERSONAL SERVICES) • 32,480 SF
      1823-1853 38th Ave, Lauderhill, FL 33311
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oakland Park Retail Space Available

      1,334 SF retail space with frontage on Oakland Park Blvd.
      2302 W Oakland Park Blvd, Oakland Park, FL 33311
      View Details
    • Contact for pricing
      144,016 SF

      Fort Lauderdale Retail/Industrial/Showroom Space

      Variety of spaces available in busy shopping/commerce center.
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    • $950,000
      1,243 SF

      Retail Building in High Traffic

      Retail building in high traffic area, fenced and secure.
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    • $975,000
      2,504 SF

      Fort Lauderdale Commercial Building For Sale

      Two-story commercial building in downtown Fort Lauderdale, great location.
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    Similar Nearby for Lease

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      1,200 SF

      Retail Space in Fort Lauderdale

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      Thrive Arts District Retail Opportunity

      Retail, office, or food and beverage spaces available for lease.
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      Retail Space in Fort Lauderdale

      Retail space available for lease in Fort Lauderdale, Florida.
      1774-1812 NW 38Th Ave, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing
      4,950 SF

      Thrive Arts District Retail Opportunity

      Retail, office, or food and beverage spaces available for lease.
      744-748 Nw 5Th Ave, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space For Rent

      Retail space available for lease in Fort Lauderdale, Florida.
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      View Details
    • Contact for pricing
      2,000 SF

      Oakland Park Retail Space Available

      Retail space available for lease in Oakland Park, Florida.
      2300-2350 W Oakland Park Blvd, Oakland Park, FL 33311
      View Details
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    Oakland Park, FL 33311-1524
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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