Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2631 Oakland Park Blvd Fort Lauderdale, FL 33306-1657

    • Office buildings
    • 16,033 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2023
    $2,202,700
    Value Estimations
    $2,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0085510
    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

    • New Avionics Corporation / Logistics Company / Moving Company
    • iShape Aesthetics / Spa & Massage Center
    • David Coven PA / Law Firm
    • Law Office of Paul Adams / Law Firm
    • Matthew L. Schneider, Esq. / Law Firm

    Property Details for 2631 Oakland Park Blvd

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Property size
    16,033 SF
    Zone code
    CB
    Property type
    Office buildings
    APN
    49-42-24-01-0160
    APU
    494224010160

    Description

    This exceptional office property, located at 2631 E Oakland Park Blvd in Fort Lauderdale, Florida (zip code 33306), offers three newly remodeled suites ranging from 550 to 1,650 square feet. The building is classified as a Traditional Office and is also suitable for Medical Office use, accommodating multiple tenants. The precise total square footage of the building is not currently available. This prime location boasts ample parking, a significant advantage for both employees and clients. Its strategic position near Federal Highway provides easy access to major transportation routes, and the property's proximity to the beach (a three-minute drive) adds to its appeal. The modern, updated interior spaces are ready for immediate occupancy. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a vibrant area of Fort Lauderdale. The address is easily accessible via major roadways and offers a high level of visibility. Interested parties are encouraged to inquire about lease terms and availability for the three available suites. The property's coordinates are 26.1677165 latitude and -80.1130654 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,490,000
      ML approach
      $2,175,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,808,000
      Market price range: $1.12M - $5.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1132
    Latitude
    26.1678
    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
    $46,042
    $360,070
    $1,719,280
    $2,079,350
    -
    $360,070
    $1,719,280
    $2,079,350

    Comparable in this City

    • Value Estimation
      $7,620,000
      18,650 SF

      2626 Oakland Park Blvd

      OFFICE BUILDING (MULTI-STORY) • 18,650 SF
      2626 Oakland Park Blvd, Fort Lauderdale, FL 33306-1603
      View Details
    • Value Estimation
      $2,740,000
      11,868 SF

      2840 Oakland Park Blvd

      OFFICE BUILDING (MULTI-STORY) • 11,868 SF
      2840 Oakland Park Blvd, Fort Lauderdale, FL 33306-1814
      View Details
    • Value Estimation by Request
      356 SF

      3045 Federal Hwy, Unit 4

      OFFICE BUILDING (MULTI-STORY) • 356 SF
      3045 Federal Hwy, Fort Lauderdale, FL 33306-1431
      View Details
    • Value Estimation by Request
      720 SF

      2900 Oakland Park Blvd Ste, Unit 103

      OFFICE BUILDING (MULTI-STORY) • 720 SF
      2900 Oakland Park Blvd Ste, Fort Lauderdale, FL 33306-1804
      View Details
    • Value Estimation by Request
      1,100 SF

      2000 Oakland Park Blvd Ste, Unit 104

      OFFICE BUILDING • 1,100 SF
      2000 Oakland Park Blvd Ste, Fort Lauderdale, FL 33306-1120
      View Details
    • Value Estimation by Request
      1,100 SF

      2000 Oakland Park Blvd Ste, Unit 106

      OFFICE BUILDING • 1,100 SF
      2000 Oakland Park Blvd Ste, Fort Lauderdale, FL 33306-1120
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Fort Lauderdale Office Building For Sale

      Office building for sale in Fort Lauderdale with high visibility.
      2817 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $4,500,000

      Fort Lauderdale Office Building For Sale

      East Oakland Park Blvd office building with high visibility and access.
      2817 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $3,800,000

      Remodeled Office/Retail Building For Sale

      Premium remodeled office/retail building in prime location for sale.
      2780 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $4,500,000
      17,135 SF

      Fort Lauderdale Office Building For Sale

      Centrally located office building with ample parking and easy access.
      2801-2831 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $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
    • $2,800,000

      Leased Medical Office For Sale

      Fully leased medical office building in great condition for sale.
      2826 E Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      3,443 SF

      East Oakland Park Office Building

      Freestanding, renovated office building with high-visibility signage available for rent.
      2876 East Oakland Park Blvd, Fort Lauderdale, FL 33306
      View Details
    • $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
    • $30 SF/Yr
      74,442 SF

      Oaklyn Office: Prime Broward Location

      74,442 SF Office Space, Flexible Layouts
      3101 Federal Hwy, Oakland Park, FL 33306
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2631 Oakland Park Blvd
    Fort Lauderdale, FL 33306-1657
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.