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    Property profile & analytics

    2400 Oakland Park Blvd Fort Lauderdale, FL 33306-1114

    • Investment properties
    • 2,038 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Aug 15, 2022
    $780,000
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    3.9%
    Investment properties
    Location Intelligence
    Property ID
    US18-0806630
    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.

    Current Use by Public Records

    • Avaline Nails & Spa / Nail Salon
    • Skin by Nybor / Skin Care Clinic
    • Zen Massage / Alternative Medicine Practice / Spa & Massage Center
    • Tailor Trend / (Bike/Boat/Book/etc) Store
    • Modern Age Psychic / Spiritual Center

    Property Details for 2400 Oakland Park Blvd

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    0.05 lot acres
    Property size
    2,038 SF
    Zone code
    B-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    49-42-25-19-0040
    APU
    494225190040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $810,000
      ML approach
      $800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $520,000
      6.5%
      $480,000
      7%
      $445,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,055,000
      Current use
      MEDICAL BUILDING
      $950,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1153
    Latitude
    26.1668
    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
    $14,857
    $161,600
    $504,900
    $666,500
    -
    $161,600
    $504,900
    $666,500

    Comparable in this City

    • Value Estimation
      $975,000
      5,236 SF

      2300 Oakland Park Blvd, Unit 2310

      STORE/OFFICE (MIXED USE) • 5,236 SF
      2300 Oakland Park Blvd, Fort Lauderdale, FL 33306-1100
      View Details
    • Value Estimation
      $1,175,000
      7,218 SF

      2050 Oakland Park Blvd, Unit 2058

      STORE/OFFICE (MIXED USE) • 7,218 SF
      2050 Oakland Park Blvd, Fort Lauderdale, FL 33306-1121
      View Details
    • Value Estimation
      $1,010,000
      4,132 SF

      3038th N Federal Hwy

      STORE/OFFICE (MIXED USE) • 4,132 SF
      3038th N Federal Hwy, Fort Lauderdale, FL 33306
      View Details
    • Value Estimation by Request
      2,158 SF

      3020 Federal Hwy

      STORE/OFFICE (MIXED USE) • 2,158 SF
      3020 Federal Hwy, Fort Lauderdale, FL 33306-1488
      View Details
    • Value Estimation by Request
      1,040 SF

      3020 Federal Hwy Ste, Unit 5

      STORE/OFFICE (MIXED USE) • 1,040 SF
      3020 Federal Hwy Ste, Fort Lauderdale, FL 33306-1417
      View Details
    • Value Estimation by Request
      2,158 SF

      3000 Federal Hwy Ste, Unit 67

      STORE/OFFICE (MIXED USE) • 2,158 SF
      3000 Federal Hwy Ste, Fort Lauderdale, FL 33306-1416
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Two-Story Retail & Office Building

      6,216 SF retail and office building on Oakland Park Blvd.
      2745 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $399,900

      Waterfront Villa Sorrento Residence

      Charming waterfront residence with private lanai, close to Fort Lauderdale Beach.
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      Waterfront Corner Unit with Boat Slips

      Turnkey waterfront retreat with available boat slips.
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    • $450,000

      Renovated Co-op Near Fort Lauderdale Beach

      Renovated 2 bed, 2 bath co-op near Fort Lauderdale Beach.
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      Coral Ridge Multifamily Opportunity

      Multifamily property in Coral Ridge near Fort Lauderdale Beach.
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    • $3,800,000

      Fort Lauderdale Office Building Investment

      Prime location, high traffic, 7,300 sqft
      2666 Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      9,871 SF

      Oakland Park Blvd Office Suite

      Prestigious Office Space, 1220+ sq ft
      2691 Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $35 SF/Yr
      900 SF

      Oakland Park Blvd Retail Space

      High-visibility retail space, 900 sq ft.
      2771 Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $32 SF/Yr
      3,443 SF

      East Oakland Medical Office Building

      Prime Fort Lauderdale Medical Office Space
      2876 Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • Contact for pricing

      Fort Lauderdale Office Space for Lease

      Newly Renovated Office, Prime Location
      3000 Federal Hwy, Fort Lauderdale, FL 33306
      View Details
    • Contact for pricing

      Freestanding Restaurant Building For Lease

      Freestanding restaurant with patio near Coral Ridge Mall.
      Oakland Park, FL 33306
      View Details
    • $55 SF/Yr
      20,000 SF

      Oaklyn Retail Spaces, Oakland Park

      Prime Retail in Oakland Park, FL
      3333 Federal Hwy, Oakland Park, FL 33306
      View Details
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    Fort Lauderdale, FL 33306-1114
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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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