Property profile

3201 N Federal Hwy Oakland Park, FL 33306

FOR LEASE
Office buildings
Property ID
US18-2258394
27,312 SF 0.67 ac lot Built 1979
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a three-story mixed-use building situated within the Oaklyn Campus at the corner of Federal Highway and Oakland Park Boulevard, bordering Fort Lauderdale and Oakland Park. The first floor is configured for retail use, while the upper floors are designed for medical and office functions; the second floor provides space suitable for wellness or office use. The third floor is used by medical and professional tenants. The broader Oaklyn Campus contains approximately 100,000 square feet of office space, 274 apartments, and about 20,000 square feet of retail space, and includes a parking garage along with surface parking totaling about 660 spaces. The campus is located at a major intersection with high daily traffic counts and is approximately one mile from the beach. The building includes an available space of approximately 3,146 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1979
Construction CONCRETE
Total area 27,312 SF
Lot 0.67 ac (29,227 SF)
Zoning code B-1
APN 49-42-24-15-0020
UPID US18-2258394

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Spa & Massage Center Alternative Medicine Practice
  • Housing Association
  • Alternative Medicine Practice
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

3201 N Federal Hwy Oakland Park, FL 33306
Oakland Park metro Census 50602 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.79M

Owner & transaction history

since 2020
Last sale
$1.7M
7 recorded transactions
2020
Price N/A
2020
$1.7M
2017
$4.7M
2014
$4.1M
2012
$2.5M
2010
$1.0M
2010
$4.3M

Zoning & alternative use

B-1 · Oakland Park, FL
Zoning description

The B-1 Community Business District is intended primarily to meet the shopping and limited service needs of several neighborhoods. Retail stores are intended to include convenience, fashion and durable goods. The B-1 Dis…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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