Property profile

370 44th St Oakland Park, FL 33334

OFF-MARKET
Office buildings
Property ID
US18-6029028
1,654 SF 0.13 ac lot Built 1965
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,654 square foot commercial property, located at 370 NE 44th St in Oakland Park, Florida, presents a compelling investment opportunity. Built in 1965, this single-story building is ideally suited for both owner-occupiers and investors seeking a foothold in the vibrant Oakland Park market. The property boasts a flexible B2 zoning classification, allowing for a diverse range of professional office or retail uses. Its strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the area. The asking price is $550,000. The property's size and zoning make it a versatile option for various business ventures. A potential short-term sale leaseback arrangement may be available, providing added flexibility for prospective buyers. This is a rare opportunity to acquire a well-situated commercial property in a thriving Florida community. The property's address is 33334, Broward County, Florida. The building's single-story design offers convenient access and functionality. Serious inquiries are encouraged to explore this promising investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Construction CONCRETE
Total area 1,654 SF
Lot 0.13 ac (5,800 SF)
Zoning code B-2
APN 49-42-22-16-0200
UPID US18-6029028

Cap rate & NOI

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

Location

370 44th St Oakland Park, FL 33334-1444
Oakland Park metro Census 50702 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
$780k
Comparable Approach Comparable
$757k
Blend (final) Blend
$620k

Owner & transaction history

since 2023
Last sale
$470,000
3 recorded transactions
2023
$470,000
2022
$200,000
2019
$165,000

Zoning & alternative use

B-2 · Oakland Park, FL
Zoning description

The B-2 General Business District is intended to apply to certain arterial streets where business establishments may be located to serve large sections of the city and adjacent areas. Such businesses need a conspicuous a…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $855,000 +35.0%
Medical building $770,000 +21.5%
Retail stores $655,000 +3.0%

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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