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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Warehouses
4631 8th Ave 4640 Oakland Park, FL 33309-3937
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3222222
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Kdb Property Partners LLC · 1 yrs held
Kdb Property Partners LLC
since 2024
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
I-1 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+62.1%
Industrial (general)
$2.4M
+47.0%
Medical building
$2.3M
+45.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,600,000
Current use
COMMERCIAL (GENERAL)
$2,590,000
Change: +62% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,350,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$2,330,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Sep 27 2024)
Last sale anchor
$1.80M
Sep 27 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$360 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,010
Tax year 2023
Assessed value
$483,440
Assessed 2023
Previous assessed
$483,440
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$112,500
Assessed improvement
$370,940
Land market value
$112,500
Improvement market value
$370,940
Total market value
$483,440
Applied tax rate
1,712.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
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
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Oakland Park, FL
Zoning I-1 · permitted uses
I-1 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Kdb Property Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1915 SW 21ST AVEB205, FORT LAUDERDALE, FL 33312-3102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$1,800,000
Kdb Property Partners LLC
Cabessa Oakland LLC
Warranty Deed
—
Jan 14, 2019
—
Cabessa Oakland LLC
—
Deed
related
$300,000 · Fast Lane Capital LLC
Aug 24, 2018
$950,000
Cabessa Oakland LLC
Gray,r Bryce III
Warranty Deed
$447,000 · Home Fed'l Bk/hollywood
Sep 9, 2008
—
Gray R Bryce JR Trust
Gray,r Bryce JR
Quit Claim Deed
related
—
—
—
Cabessa Oakland LLC
—
Deed Of Trust
related
$300,000 · Fast Lane Capital LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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