3101 Oakland Park Blvd Oakland Park, FL 33311-1229
Property profile & analytics
3101 Oakland Park Blvd Oakland Park, FL 33311-1229
- Turn key restaurants
- 2,888 SF
- 0.51 lot acres
Property ID
US18-5217262
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.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 3101 Oakland Park Blvd
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 0.51 lot acres
- Property size
- 2,888 SF
- Zone code
- B-2
- Property type
- Turn key restaurants
- APN
- 49-42-19-00-0181
- APU
- 494219000181
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,888 square foot IHOP restaurant located at 3101 W Oakland Park Blvd, Fort Lauderdale, FL 33311. The property sits on a 22,111 square foot lot in a high-traffic area, boasting a daily vehicle count exceeding 107,000 vehicles. This single-tenant, absolute NNN lease with the largest IHOP franchisee (over 150 restaurants in Florida and Southern Georgia) offers significant stability and predictable income. The lease commenced January 24, 1972, and currently has approximately 2.2 years remaining, with two 5-year options. The property features a 5.00% cap rate and a Net Operating Income (NOI) of $171,732. Built in 1972 and renovated in 2022, the building is situated in a B-2 General Business zone. The asking price is $3,434,643, translating to $1,189.28 per square foot. The property's prime location within a major retail corridor, surrounded by national retailers and new housing developments, ensures continued strong performance. This offering is ideal for 1031 exchange buyers seeking a secure, high-performing asset in a thriving market. The lease includes a fixed base monthly rent, supplemented by a percentage rent equal to 8% of gross annual sales, paid bi-annually. This is a rare opportunity to acquire a well-established, high-performing IHOP in a prime Fort Lauderdale location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,980,000
Market price range: $1.35M - $3.84M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,465,000 Current use
- AUTO REPAIR, GARAGE
- $2,340,000 Change: -5% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,175,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oakland Park
- County
- Broward
- State
- Florida
- Longitude
- -80.1874
- Latitude
- 26.1656
- 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
$20,670
$552,780
$388,600
$941,380
-
$552,780
$388,600
$941,380
