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Property profile & analytics
FOR SALE
Warehouses
3040 NW 23Rd Ave, Oakland Park, FL 33311
Individually Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0755546
For Sale
1 / 10
$650,000
3040 NW 23Rd Ave, Oakland Park, FL 33311
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Property summary
AI-generated overview
This exceptional investment opportunity presents a two-bay warehouse totaling 3,000 square feet, ideally situated in Oakland Park, Florida's established industrial area. Each bay offers 1,500 square feet of space, complete with a private office and bathroom, and features overhead loading doors. Currently, one bay is tenant-occupied under lease, providing immediate income potential, while the second bay will be vacant at closing, offering flexibility for an owner-user or additional rental income. The property, located at 3040 NW 23rd Avenue, 33311, boasts ample parking directly in front. Built in 1971, the warehouse benefits from a relatively new roof (approximately 2 years old), although some cosmetic updates are recommended. Its prime location offers easy access to I-95, surrounded by various local businesses. This property presents a compelling opportunity for both owner-occupiers seeking a functional workspace and investors looking for a strong return. There are no HOA or association fees. Showings are strictly by appointment only to avoid disturbing the current tenant.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
CONCRETE
Total area
3,026 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B-3
APN
49-42-29-22-0220
UPID
US18-0755546
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$535k
Owner & transaction history
Vincent Dinitto · 26 yrs held
Vincent Dinitto
since 1999
2 recorded transactions
Zoning & alternative use
B-3 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+15.3%
Retail stores
$760,000
+8.3%
Office building
$755,000
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$700,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$760,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$755,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,247
Tax year 2023
Assessed value
$375,660
Assessed 2023
Previous assessed
$360,550
+4.2% YoY
Effective rate
2.20%
On assessed value
Assessed land
$45,000
Assessed improvement
$330,660
Land market value
$45,000
Improvement market value
$330,660
Total market value
$375,660
Applied tax rate
1,712.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,026 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B-3
APN
49-42-29-22-0220
UPID
US18-0755546
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Oakland Park, FL
Zoning B-3 · permitted uses
B-3 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$810,000
RETAIL STORES
Est. value
$760,000
OFFICE BUILDING
Est. value
$755,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Vincent Dinitto
Individual
Mailing address
10349 SW 49TH MNR, COOPER CITY, FL 33328-3318
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 1999
$92,000
Vincent Dinitto
Danger,bruno & Lisa
Grant Deed
$60,000 · Seller
Dec 1, 1997
$109,000
Bruno Danger
Titus,jeffrey H & Sally A
Grant Deed
$4,300 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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