Property profile

4631 8th Ave 4640 Oakland Park, FL 33309

OFF-MARKET
Warehouses
Property ID
US18-3222222
5,000 SF 0.29 ac lot Built 1967
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 384 square foot office space, located at 4631 NW 8th Avenue, presents a fantastic opportunity for small businesses or entrepreneurs. The single-tenant occupancy ensures privacy and control. Ideal for light operations, this space is perfect for handymen, repair services, or any business requiring Google verification. The property is zoned I-1, offering flexibility for various uses. Water is included in the rent, providing cost predictability. Tenants are responsible for Florida Power & Light (FPL) electricity. The convenient location makes daily operations efficient. This affordable space offers a significant advantage for businesses looking to establish or expand their presence. The property features a total of one suite within the building, and while the lot size is not specified, the focus is on the efficient use of the 384 square foot interior space. The property's APN is 494215100500. This is a prime opportunity for a business seeking a functional and cost-effective workspace. Don't miss out on this exceptional offering.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1967
Construction CONCRETE
Total area 5,000 SF
Lot 0.29 ac (12,500 SF)
Zoning code I-1
APN 49-42-15-10-0500
UPID US18-3222222

Cap rate & NOI

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

Location

4631 8th Ave, Unit 4640 Oakland Park, FL 33309-3937
Oakland Park metro Census 50501 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
$1.28M
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.80M

Owner & transaction history

since 2024
Last sale
$1.8M
5 recorded transactions
2024
$1.8M
2019
Price N/A
2018
$950,000
2008
Price N/A
1969
Price N/A

Zoning & alternative use

I-1 · Oakland Park, FL
Zoning description

Light Industrial District is intended primarily for the manufacture, fabrication and processing of small articles and nonobjection able products not involving the use of any materials, processes or machinery likely to ca…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $2.6M +62.1%
Industrial (general) $2.4M +47.0%
Medical building $2.3M +45.8%

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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