Property profile

2701 29th Ter 2719 Lauderdale Lakes, FL 33311

OFF-MARKET
Warehouses
Property ID
US18-5050553
21,846 SF 1.08 ac lot Built 1982
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional $4,000,000 industrial property, located at 2701 NW 29th Ter, Oakland Park, FL 33311 (Broward County), presents a unique investment opportunity. Built in 1983, this versatile facility encompasses a thriving two-part business: a well-established e-commerce operation and a fully operational manufacturing company. The manufacturing component specializes in producing a diverse range of products including lotions, gummies, and vapes, utilizing a clean room facility. The business also functions as a co-packing service, currently servicing the CBD market with the potential to expand into supplements, cosmetics, and other related industries. The property includes a sales office and a fully staffed team, ensuring a seamless transition for the new owner. A significant advantage is the inclusion of an established CBD brand with both online and in-store sales channels. The current owner is willing to provide training and support to facilitate a smooth transition. This turnkey operation offers immediate revenue streams and significant growth potential within the dynamic Florida market. The property's location in Lauderdale Lakes provides excellent access to major transportation routes, enhancing logistical efficiency. This is a rare opportunity to acquire a profitable, established business with significant assets and future expansion capabilities. The property's industrial zoning allows for a variety of uses, providing flexibility for future development or expansion of the existing operations.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1982
Construction CONCRETE
Total area 21,846 SF
Lot 1.08 ac (46,963 SF)
Zoning code I-1
APN 49-42-29-27-0070
UPID US18-5050553

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2701 29th Ter, Unit 2719 Lauderdale Lakes, FL 33311-2038
Lauderdale Lakes metro Census 50800 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.87M
Blend (final) Blend
$2.84M

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

I-1 · Lauderdale Lakes, FL
Zoning description

This district is primarily intended for the development of non-polluting light industry and complementary entities providing opportunities for vocational training, including cosmetology, barbering, healthservices, massag…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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