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

    4050 Dixie Hwy Oakland Park, FL 33334-3024

    • Grocery and convenience stores
    • 2,797 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Jul 03, 2023
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3906318
    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

    • Grocery and convenience stores

    Property Details for 4050 Dixie Hwy

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.25 lot acres
    Property size
    2,797 SF
    Zone code
    DCW
    Property type
    Grocery and convenience stores
    APN
    49-42-23-10-0010
    APU
    494223100010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $940,000
      6.5%
      $865,000
      7%
      $805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $894,000
      Market price range: $627k - $1.57M
      AI Estimate
      $488,000
      Market price range: $381k - $904k

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1329
    Latitude
    26.1763
    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
    $10,846
    $133,130
    $310,780
    $443,910
    -
    $133,130
    $310,780
    $443,910

    Comparable in this City

    • Value Estimation
      $755,000
      2,766 SF

      4401 Dixie Hwy

      CONVENIENCE STORE • 2,766 SF
      4401 Dixie Hwy, Oakland Park, FL 33334-3819
      View Details
    • Value Estimation
      $7,010,000
      30,895 SF

      1033 Oakland Park Blvd

      GROCERY, SUPERMARKET • 30,895 SF
      1033 Oakland Park Blvd, Oakland Park, FL 33334-2727
      View Details
    • Value Estimation
      $570,000
      2,509 SF

      4975 6th Ave

      CONVENIENCE STORE • 2,509 SF
      4975 6th Ave, Oakland Park, FL 33334-2346
      View Details
    • Value Estimation by Request
      627 SF

      1301 Commercial Blvd

      CONVENIENCE STORE • 627 SF
      1301 Commercial Blvd, Oakland Park, FL 33334-5722
      View Details
    • Value Estimation
      $1,015,000
      5,049 SF

      61 44th St

      CONVENIENCE STORE • 5,049 SF
      61 44th St, Oakland Park, FL 33334-1437
      View Details
    • Value Estimation
      $4,215,000
      23,092 SF

      620 Oakland Park Blvd, Unit 700

      GROCERY, SUPERMARKET • 23,092 SF
      620 Oakland Park Blvd, Oakland Park, FL 33334-2880
      View Details

    Similar Nearby for Sale

    • $525,000

      Profitable Convenience Store in Wilton Manors

      Established convenience store in high-traffic location with loyal customer base.
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    • $1,475,000

      Profitable Farmer Market Business Opportunity

      Established farmer's market with licenses and delivery trucks for sale.
      4930 N Dixie Hwy, Oakland Park, FL 33334
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    • $300,000

      Drive-Thru Convenience Store Opportunity

      Commercial property with drive-thru potential in Oakland Park, Florida.
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    • $3,150,000

      East Commercial Boulevard Retail Building

      Retail/office building on a corner lot with parking.
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      Established Barbershop Business For Sale

      Turnkey barbershop business opportunity in Wilton Manors, Florida.
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      High Visibility Retail Opportunity

      Retail space with high visibility and easy access.
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    Similar Nearby for Lease

    • Contact for pricing
      234,699 SF

      Northridge Shopping Center: Oakland Park

      Prime Retail Space, Broward County, FL
      1003 Commercial Blvd, Oakland Park, FL 33334
      View Details
    • Contact for pricing
      1,205 SF

      Oakland Park Mixed-Use Retail Space

      New retail space in mixed-use development, delivered May 2025.
      3701 N Dixie Hwy, Oakland Park, FL 33334
      View Details
    • $22 SF/Yr

      Industrial Warehouse with Retail Component

      Small bay industrial warehouse with retail and showroom components.
      4750 N Dixie Hwy, Oakland Park, FL 33334
      View Details
    • $25 SF/Yr

      Fort Lauderdale Retail Space Available

      Retail spaces for lease in Fort Lauderdale's Uptown neighborhood.
      901-905 E Cypress Creek Rd, Fort Lauderdale, FL 33334
      View Details
    • Contact for pricing

      Retail Space on Oakland Park

      Retail space with high visibility and traffic on Oakland Park.
      1033 East Oakland Park Blvd, Fort Lauderdale, FL 33334
      View Details
    • $20 SF/Yr
      3,268 SF

      Retail Space on Commercial Blvd

      Retail space for lease with high visibility and traffic.
      491-521 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
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    4050 Dixie Hwy
    Oakland Park, FL 33334-3024
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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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