Property profile

481 Commercial Blvd Oakland Park, FL 33334

OFF-MARKET
Retail space
Property ID
US18-3292026
1,130 SF 0.11 ac lot Built 1958
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional free-standing office building, located at 481 E Commercial Blvd in Oakland Park, Florida (zip code 33334), presents a remarkable investment opportunity. Built in 1958, this single-story, 890,000 dollar property boasts a thoughtfully designed split floor plan, ideal for a variety of professional uses. The building features private offices situated on either side of a completely remodeled bathroom and kitchen. The kitchen itself has been meticulously updated with high-end stainless steel appliances and custom cabinetry. An attractive outdoor covered patio provides a pleasant space for relaxation or informal meetings. The interior office spaces are adaptable, easily configured for either private use or shared workspace arrangements. Its convenient location on busy East Commercial Boulevard, just east of I-95, ensures high visibility and accessibility. This property is well-suited for owner-users in diverse industries, including insurance, legal, medical, accounting, or spa services, as well as for investors seeking a strong return. The building's excellent condition and strategic location make it a compelling investment prospect.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Construction CONCRETE
Total area 1,130 SF
Lot 0.11 ac (4,982 SF)
Zoning code B-1
APN 49-42-15-06-0210
UPID US18-3292026

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cremation Service

Location

481 Commercial Blvd Oakland Park, FL 33334-2413
Oakland Park metro Census 50502 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
$548k
Blend (final) Blend
$575k

Owner & transaction history

since 2023
Last sale
$619,000
2 recorded transactions
2023
$619,000
2022
Price N/A

Zoning & alternative use

B-1 · Oakland Park, FL
Zoning description

The B-1 Community Business District is intended primarily to meet the shopping and limited service needs of several neighborhoods. Retail stores are intended to include convenience, fashion and durable goods. The B-1 Dis…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $915,000 +105.1%
Neighborhood: shopping center $850,000 +90.5%
Commercial (general) $585,000 +31.1%

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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