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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3148 12th Ave Oakland Park, FL 33334-4520

    • Turn key restaurants
    • 1,478 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4518378
    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

    • Turn key restaurants

    Property Details for 3148 12th Ave

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    1,478 SF
    Zone code
    DCE
    Property type
    Turn key restaurants
    APN
    49-42-23-03-0010
    APU
    494223030010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $292,000
      Market price range: $214k - $600k

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1309
    Latitude
    26.1671
    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
    $7,539
    $159,890
    $149,120
    $309,010
    -
    $159,890
    $149,120
    $309,010

    Comparable in this City

    • Value Estimation
      $570,000
      8,180 SF

      1216 Oakland Park Blvd

      RESTAURANT • 8,180 SF
      1216 Oakland Park Blvd, Oakland Park, FL 33334-4427
      View Details
    • Value Estimation
      $330,000
      1,498 SF

      899 62nd St

      RESTAURANT • 1,498 SF
      899 62nd St, Fort Lauderdale, FL 33334-3511
      View Details
    • Value Estimation
      $360,000
      2,323 SF

      1576 Oakland Park Blvd

      RESTAURANT • 2,323 SF
      1576 Oakland Park Blvd, Oakland Park, FL 33334-4425
      View Details
    • Value Estimation
      $440,000
      845 SF

      41 44th St

      RESTAURANT • 845 SF
      41 44th St, Oakland Park, FL 33334-1437
      View Details
    • Value Estimation
      $410,000
      580 SF

      1199 Commercial Blvd

      RESTAURANT • 580 SF
      1199 Commercial Blvd, Oakland Park, FL 33334-3920
      View Details
    • Value Estimation
      $505,000
      4,594 SF

      911 Commercial Blvd

      RESTAURANT • 4,594 SF
      911 Commercial Blvd, Oakland Park, FL 33334-3393
      View Details

    Similar Nearby for Sale

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      1,800 SF

      Oakland Park Restaurant - Turnkey

      Profitable Restaurant, Fully Equipped
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    • $300,000

      Drive-Thru Convenience Store Opportunity

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      Prime Bar & Restaurant Opportunity

      Operating bar and restaurant with coveted 4COP liquor license.
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    • $1,360,000

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      Free-standing restaurant building with parking on high-traffic Commercial Blvd.
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      High Visibility Retail Opportunity

      Retail space with high visibility and easy access.
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    • Contact for pricing

      Established Barbershop Business For Sale

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    Similar Nearby for Lease

    • New
      $8,000 /Mo
      Pending

      Turnkey Restaurant Opportunity in Oakland

      Fully furnished and equipped restaurant ready for immediate operation.
      91 NE 44Th St, Fort Lauderdale, FL 33334
      View Details
    • $60 SF/Yr
      1,250 SF

      Turnkey Restaurant Space Available

      Move-in ready restaurant space with prime frontage and visibility.
      2822 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
    • Contact for pricing
      234,699 SF

      Northridge Shopping Center, Oakland Park

      Prime Retail Space, Broward County, FL
      0 Commercial Blvd, Oakland Park, FL 33334
      View Details
    • $3,800,000
      2,500 SF

      Restaurant Space with Outdoor Patio

      Former restaurant space available for immediate occupancy in Fort Lauderdale.
      850-854 W Cypress Creek Rd, Fort Lauderdale, FL 33334
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    • $27 SF/Yr
      1,384 SF

      Retail Space with High Signage

      Retail space featuring open layout and ample parking.
      1201 NE 26Th Dr, Wilton Manors, FL 33334
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Busy Center

      Retail space available in a well-maintained, high-traffic shopping center.
      5055-5065 Dixie Hwy, Oakland Park, FL 33334
      View Details
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    3148 12th Ave
    Oakland Park, FL 33334-4520
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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.

    More about this property
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