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    FOR SALE
    Retail space

    481 E Commercial Blvd, Oakland Park, FL 33334

    1,130 SF 0.11 ac lot Built 1958
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US18-3292026
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Cremations America LLC · 2 yrs held
    Cremations America LLC
    since 2023
    Last sale
    $619,000
    2 recorded transactions
    2023
    $619,000
    2022
    Zoning & alternative use
    B-1 · Oakland Park, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $915,000 +105.1%
    Neighborhood: shopping center $850,000 +90.5%
    Commercial (general) $585,000 +31.1%
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    More about this property
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