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Property profile & analytics
FOR LEASE
Warehouses
4659 NE 12Th Ter Oakland Park, FL 33334
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5515278
For Lease
1 / 3
$25 SF/Yr
4659 NE 12Th Ter, Oakland Park, FL 33334
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Property summary
AI-generated overview
This exceptional industrial property, located at 4659 NE 12th Ter, Oakland Park, FL 33334, in Broward County, offers multiple warehouse and distribution spaces for lease. The building, constructed in 1977, boasts a total of 24,766 square feet and is classified as Class C. Currently, there are 1,656 square feet of vacant space available, divisible into units ranging from a minimum of 276 square feet to a maximum contiguous space of 552 square feet. The property is ideal for businesses requiring flexible space options. Each unit features a generous 12-foot ceiling height, providing ample vertical storage capacity. The property's location in Oakland Park offers convenient access to major transportation routes, making it an attractive option for businesses needing efficient logistics. This multi-tenant building presents a unique opportunity for businesses seeking versatile warehouse or distribution space in a prime Broward County location. The address is easily accessible and well-suited for various industrial operations. Contact us today to learn more about leasing opportunities within this well-maintained industrial building.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
CONCRETE
Total area
16,097 SF
Lot
1.24 ac (53,816 SF)
Zoning code
I-1
APN
49-42-14-29-0010
UPID
US18-5515278
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
by Request
CAP Approach
CAP
$4.12M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.91M
Owner & transaction history
Robert E Durham · 27 yrs held
Robert E Durham
since 1999
3 recorded transactions
Zoning & alternative use
I-1 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.4M
+7.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,455,000
6.5%
$4,115,000
7%
$3,820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,925,000
Current use
RETAIL STORES
$6,360,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10%
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
$243 / 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
$50,545
Tax year 2023
Assessed value
$2,641,830
Assessed 2023
Previous assessed
$2,373,700
+11.3% YoY
Effective rate
1.91%
On assessed value
Assessed land
$591,980
Assessed improvement
$2,049,850
Land market value
$591,980
Improvement market value
$2,049,850
Total market value
$2,641,830
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
For Lease
Year built
1977
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
16,097 SF
Lot
1.24 ac (53,816 SF)
Zoning code
I-1
APN
49-42-14-29-0010
UPID
US18-5515278
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
$5.9M
RETAIL STORES
Est. value
$6.4M
WAREHOUSE, STORAGE Current
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
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Robert E Durham
Individual
Mailing address
7050 W PALMETTO PARK RD STE #15, BOCA RATON, FL 33433-3433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 1999
$131,800
Robert E Durham
Centex Homes
Grant Deed
$102,752 · Nationsbank
—
—
Ten Bay INC
—
Deed Of Trust
related
$577,660 · Thrivent Financial For Luthera
—
—
Ten Bay INC
—
Deed Of Trust
related
$577,660 · Thrivent Financial For Luthera
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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