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    2406 E Oakland Park Blvd Fort Lauderdale, FL 33306
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    Property profile & analytics

    2406 E Oakland Park Blvd, Fort Lauderdale, FL 33306

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    • Investment properties
    • 2,038 SF
    • 0.05 lot acres
    For Lease
    $3,200/Mo
    View Listing →
    Fort Lauderdale Office Suite For Lease
    $3,200/Mo
    2,000 SF

    Fort Lauderdale Office Suite

    Prime office suite with high ceilings and natural light.

    2406 E Oakland Park Blvd, Fort Lauderdale, FL 33306
    View Listing
    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.
    Value Estimations
    $790,000
    Cap Rate Potential
    3.9%
    Investment properties
    Location Intelligence

    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 2406 E Oakland Park Blvd

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2022 — Brand 88 LLC Anna Diep Quit Claim Deed · related —
    Jun 6, 2016 — Anna Hua Sarra Family Investments LLC Re-recorded Document · related —
    May 31, 2016 $780,000 Anna Hua Sarra Family Investment LLC Warranty Deed —
    May 8, 2015 $748,000 Sarra Family Investments LLC Rayson John C Warranty Deed —

    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 estimation — 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
      $1,040,000
      6,416 SF

      2736 Oakland Park Blvd

      STORE/OFFICE (MIXED USE)
      2736 Oakland Park Blvd, Fort Lauderdale, FL 33306-1605
      View Details
    • Value Estimation
      $1,190,000
      6,527 SF

      2731-2735 Oakland Park Blvd

      STORE/OFFICE (MIXED USE)
      2731-2735 Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • Value Estimation by Request
      2,079 SF

      3038 Federal Hwy Ste F

      STORE/OFFICE (MIXED USE)
      3038 Federal Hwy Ste F, Fort Lauderdale, FL 33306-1436
      View Details
    • Value Estimation
      $1,325,000
      7,438 SF

      3000 Federal Hwy Ste, Unit 25

      STORE/OFFICE (MIXED USE)
      3000 Federal Hwy Ste, Fort Lauderdale, FL 33306-1416
      View Details
    • Value Estimation
      $1,145,000
      6,216 SF

      2745 Oakland Park Blvd

      STORE/OFFICE (MIXED USE)
      2745 Oakland Park Blvd, Fort Lauderdale, FL 33306-1635
      View Details
    • Value Estimation
      $775,000
      3,599 SF

      2400 Oakland Park Blvd

      STORE/OFFICE (MIXED USE)
      2400 Oakland Park Blvd, Fort Lauderdale, FL 33306-1114
      View Details

    Similar Nearby for Lease

    • $65 SF/Yr

      Oakland Park Retail Opportunity

      Prime retail space in Oakland Park's live-work-play destination.
      3201 N Federal Hwy, Oakland Park, FL 33306
      View Details
    • Contact for pricing

      Oaklyn Campus Mixed-Use Development

      Live-work-play campus with office, residential, and retail spaces.
      3333 N Federal Hwy, Oakland Park, FL 33306
      View Details
    • $70 SF/Yr

      Oakland Park Live-Work-Play Retail Space

      Ground-floor retail in high-energy Oaklyn Campus with built-in customer base.
      3333 N Federal Hwy, Oakland Park, FL 33306
      View Details
    • $3,200 /Mo

      Retail/Office Space in Fort Lauderdale

      Retail or office space for lease in busy shopping center.
      3020 N Federal Hwy, Fort Lauderdale, FL 33306
      View Details
    • $1,199 /Mo

      Renovated Office Space Available

      Executive offices with natural light in Coral Ridge neighborhood.
      2900 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    View Listing
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    Fort Lauderdale, FL 33306
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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.

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