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    537 34th St, Unit 549 Oakland Park, FL 33334-2145
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    Property profile & analytics

    537 34th St, Unit 549, Oakland Park, FL 33334-2145

    View on Map
    • Warehouses
    • 5,467 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US18-4186839
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 537 34th St

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    0.25 lot acres
    Zone code
    I-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-23-05-5510
    APU
    494223055510

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2020 — 537-549 Ne 34th Street LLC — Deed · related $4M · Brightstar Cu
    May 17, 2019 — 537-549 Ne 34th Street LLC — Deed · related $381k · Home Fed'l Bk/hollywood
    Apr 4, 2019 $635,143 537-549 Ne 34th Street LLC 34th Street Warehouse LLC Warranty Deed · related —
    — — 537-549 Ne 34th Street LLC — Deed Of Trust · related $381k · Home Fed'l Bk/hollywood
    — — 537-549 Ne 34th Street LLC — Deed Of Trust · related $4M · Brightstar Cu

    Description

    This exceptional Oakland Park, Florida industrial property, located at 537 NE 34th St, 33334, presents a compelling investment opportunity. The 5,467 square foot warehouse sits on an 11,002 square foot lot and is zoned I-1 Light Industrial. The building comprises twenty individual units, each approximately 300 square feet, currently housing ten tenants. Two common area restrooms are conveniently located. Most units are leased to local businesses and tradespeople, or used for self-storage. Several units are currently leased at above-market rates, demonstrating strong rental potential. Specifically, bays 11-13 (600 sq ft total) lease for $30 per square foot (modified gross), while bays 19 and 20 (300 sq ft each) lease for $31.65 and $31.95 per square foot respectively. Approximately 4,267 square feet remain available, offering significant upside potential to increase rental income to $29-32 per square foot. The asking price is $1,200,000. An adjacent vacant lot (551 NE 34th St, Folio 494223055500), currently zoned residential (R-2), offers additional development potential. A preliminary legal review suggests a promising possibility for rezoning to I-1 Light Industrial. This property is an ideal owner-user investment with strong potential for increased revenue and future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $564,000
      Market price range: $409k - $1.36M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1395
    Latitude
    26.1696
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,432
    $99,020
    $397,480
    $496,500
    -
    $99,020
    $397,480
    $496,500

    Comparable in this City

    • Value Estimation
      $2,030,000
      10,000 SF

      4360 11th Ave

      MINI-WAREHOUSE, STORAGE
      4360 11th Ave, Oakland Park, FL 33334-3802
      View Details
    • Value Estimation
      $15,925,000
      97,140 SF

      5061 13th Ave

      MINI-WAREHOUSE, STORAGE
      5061 13th Ave, Oakland Park, FL 33334-4924
      View Details
    • Value Estimation
      $2,415,000
      14,500 SF

      520 36th St, Unit 550

      MINI-WAREHOUSE, STORAGE
      520 36th St, Oakland Park, FL 33334-2223
      View Details
    • Value Estimation
      $6,000,000
      21,385 SF

      3472 5th Ave

      MINI-WAREHOUSE, STORAGE
      3472 5th Ave, Oakland Park, FL 33334-2158
      View Details
    • Value Estimation by Request
      16,851 SF

      4242 6th Ave

      MINI-WAREHOUSE, STORAGE
      4242 6th Ave, Fort Lauderdale, FL 33334
      View Details
    • Value Estimation
      $3,115,000
      13,426 SF

      4530 Dixie Hwy, Unit 4560

      MINI-WAREHOUSE, STORAGE
      4530 Dixie Hwy, Oakland Park, FL 33334-3923
      View Details

    Similar Nearby for Sale

    • $1,550,000

      Oakland Park Warehouse Flex Building

      5,867 SF warehouse/flex building with secure outside storage.
      3034 NE 12Th Ter, Oakland Park, FL 33334
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    • Contact for pricing
      13,054 SF

      Oakland Park Flex/Industrial Building

      Flex/industrial building near major transportation hubs.
      4900 Ne 11Th Ave, Oakland Park, FL 33334
      View Details
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      Oakland Park Flex Space Available

      Flex space with convenient access to I-95 and nearby amenities.
      Oakland Ct, Fort Lauderdale, FL 33334
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      1,295 SF

      Oakland Park Warehouse with Yard

      Warehouse with drive-thru bay, fenced yard, and immediate occupancy.
      241 NE 32Nd Ct, Oakland Park, FL 33334
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Oakland Park Warehouse/Office Space

      2,000 SF warehouse/office unit in Oakland Park for lease.
      4530 NE 6Th Ave, Oakland Park, FL 33334
      View Details
    • Contact for pricing
      2,649 SF

      Oakland Park Warehouse Space Available

      Recently renovated warehouse space available for sublease in Oakland Park.
      4003 NE 6Th Ave, Oakland Park, FL 33334
      View Details
    • Contact for pricing

      Oakland Park Warehouse For Rent

      Renovated warehouse in Oakland Park with easy I-95 access.
      Oakland Ct, Fort Lauderdale, FL 33334
      View Details
    • Contact for pricing
      20,748 SF

      Oakland Park Industrial Flex Space

      20,748 SF industrial flex space available for lease.
      5149 Ne 12Th Ave, Oakland Park, FL 33334
      View Details
    • $450 /Mo

      198 NE 33 St Oakland Park FL 33334

      Warehouse Oakland Park!
      198 NE 33 St Oakland Park FL 33334, Oakland Park, FL 33334
      View Details
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    Oakland Park, FL 33334-2145
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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