4426 8th Ave, Oakland Park, FL 33334-3244
- Office buildings
- 1,750 SF
- 0.21 lot acres
Current Use by Public Records
- Office buildings
Property Details for 4426 8th Ave
- Year built
- 1964
- Construction
- CONCRETE
- Lot size
- 0.21 lot acres
- Zone code
- I-1
- Property type
- Office buildings
- APN
- 49-42-14-15-0011
- APU
- 494214150011
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 7, 2025 | $920,000 | Rfes Property Management LLC | Wus LLC | Warranty Deed | $736k · Bankunited NA |
| Jun 26, 2003 | $250,000 | Wus LLC | Lennon,thomas F | Quit Claim Deed · related | $150k · Wachovia Bank NA |
| May 14, 1997 | $240,000 | Florida Pay Phone Services INC | Butler,joe Z | Grant Deed | $180k · Union Bank Of Florida |
Description
This exceptional Oakland Park, Florida industrial property, located at 4426 NE 8th Avenue, presents a unique investment opportunity. The property consists of two buildings totaling approximately 1500 square feet on a lot with ample parking, a side yard, and a courtyard. One building is a warehouse featuring a bay garage, high ceilings, a walk-in cooler (20' x 12'), and a freezer (12' x 6.5'). The second building is a freestanding office building with three offices, a large conference room, two bathrooms, and a small kitchen. Built in 1964, this well-maintained property is ideally suited for a variety of businesses, including accounting firms, software companies, or small businesses. Its prime location in Oakland Park offers easy access to the port and airport, surrounded by other businesses and industry. Current leases are in place until February 2026 and June 2026. The property is being sold "as is." This is a rare chance to acquire a versatile and well-positioned industrial property in a thriving area. The asking price is $950,000. Inquire for lease details.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $825,000
- 6.5%
- $760,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $828,000
- AI Estimate
- $718,000
Market price range: $465k - $828kMarket price range: $318k - $720k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $670,000 Current use
- AUTO REPAIR, GARAGE
- $1,305,000 Change: +94% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,165,000 Change: +74% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $850,000 Change: +27% Conversion: Easy
- RETAIL STORES
- $690,000 Change: +3% Conversion: Moderate
- WAREHOUSE, STORAGE
- $645,000 Change: -4% Conversion: Difficult
- MEDICAL BUILDING
- $615,000 Change: -9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Oakland Park
- County
- Broward
- State
- Florida
- Longitude
- -80.136
- Latitude
- 26.1821
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
