Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3242 Andrews Ave, Unit 3260 Oakland Park, FL 33309-6061

    • Retail residential properties
    • 7,671 SF
    • 1.15 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2022
    $1,500,000
    Value Estimations
    $1,635,000
    Show details
    Cap Rate Potential
    7.8%
    Retail residential properties
    Location Intelligence
    Property ID
    US18-4064124
    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

    • Retail residential properties

    Property Details for 3242 Andrews Ave

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    1.15 lot acres
    Property size
    7,671 SF
    Zone code
    B-1
    Property type
    Retail residential properties
    APN
    49-42-22-03-0030
    APU
    494222030030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,505,000
      ML approach
      $1,715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,960,000
      6.5%
      $1,810,000
      7%
      $1,680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,781,000
      Market price range: $199k - $1.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1459
    Latitude
    26.1686
    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
    $2,083
    $612,160
    $737,440
    $1,349,600
    -
    $612,160
    $737,440
    $1,349,600

    Comparable in this City

    • Value Estimation
      $2,680,000
      11,549 SF

      4141 Andrews Ave

      STORE/OFFICE (MIXED USE) • 11,549 SF
      4141 Andrews Ave, Oakland Park, FL 33309-4789
      View Details
    • Value Estimation
      $1,540,000
      7,213 SF

      1041 Commercial Blvd

      STORE/OFFICE (MIXED USE) • 7,213 SF
      1041 Commercial Blvd, Fort Lauderdale, FL 33309-3790
      View Details
    • Value Estimation
      $2,000,000
      10,218 SF

      3900 Commercial Blvd

      STORE/OFFICE (MIXED USE) • 10,218 SF
      3900 Commercial Blvd, Tamarac, FL 33309-3328
      View Details
    • Value Estimation
      $23,260,000
      97,175 SF

      3600 Commercial Blvd

      STORE/OFFICE (MIXED USE) • 97,175 SF
      3600 Commercial Blvd, Lauderdale Lakes, FL 33309-3338
      View Details
    • Value Estimation
      $1,005,000
      5,814 SF

      3225 Andrews Ave

      STORES & APARTMENTS • 5,814 SF
      3225 Andrews Ave, Oakland Park, FL 33309-6055
      View Details
    • Value Estimation
      $1,770,000
      9,188 SF

      4089 Andrews Ave, Unit 4095

      STORES & APARTMENTS • 9,188 SF
      4089 Andrews Ave, Oakland Park, FL 33309-5269
      View Details

    Similar Nearby for Sale

    • $1,350,000
      6,473 SF

      Fort Lauderdale Office/Warehouse Condo

      Cypress Creek District, 6,473 SF, $1.35M
      5300 12Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $1,190,000
      1.14 Acres

      Oakland Park Development Opportunity

      1.135-acre land for development with commercial and residential potential.
      3939 N Powerline Rd, Oakland Park, FL 33309
      View Details
    • $3,900,000

      Turnkey Restaurant and Retail Investment

      Two-parcel investment opportunity in Oakland Park's culinary and retail district.
      3419 N Andrews Ave, Oakland Park, FL 33309
      View Details
    • $1,200,000
      4,860 SF

      Fort Lauderdale Warehouse Condo

      Prime location, 4,860 SF warehouse
      5300 12Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $1,190,000
      3,010 SF

      Development Site in Fort Lauderdale

      1.135 acre land for development with redesigned plans.
      3939 Powerline Rd, Fort Lauderdale, FL 33309
      View Details
    • $99,000

      Hallandale Beach Business Opportunity

      Established business for sale in Hallandale Beach, Florida.
      Hallandale Beach, FL 33309
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      14,000 SF

      Fort Lauderdale Storage Lot - 14,000 SF

      Prime Fort Lauderdale storage lot, ideal for various uses.
      1000 52Nd St, Fort Lauderdale, FL 33309
      View Details
    • $16 SF/Yr
      20,288 SF

      Fort Lauderdale Warehouse Space

      Large Warehouse, Abundant Parking
      2610 55Th Ct, Fort Lauderdale, FL 33309
      View Details
    • $16 SF/Yr
      66,757 SF

      Fort Lauderdale Executive Office Space

      Prime Office Suite, 3,047 SF Available
      5201-5255 33Rd Ave, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing

      Fort Lauderdale Office Space For Lease

      435 SF Office/Warehouse, Flexible Lease Terms
      3223 10Th Ave, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      30,200 SF

      Fort Lauderdale Industrial Warehouse

      30,200 SF Warehouse, Flex Space Available
      3555 53Rd Ct, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing

      Prime Office Space, NW 10th Terrace

      435 SF Office/Warehouse, Flexible Lease Terms
      3223 10Th Ter, Oakland Park, FL 33309
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3242 Andrews Ave, Unit 3260
    Oakland Park, FL 33309-6061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.