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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
548 32nd St Oakland Park, FL 33334-2134
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-4203392
Property summary
AI-generated overview
This exceptional investment opportunity presents a 2,584 square foot flex space in Oakland Park, Florida. The property, located at 548 NE 32nd St, 33334, features two separate structures situated on a gated 0.13-acre (5,712 square foot) lot with B3 zoning. The property boasts ample parking and a parapet wall ideal for signage. Its convenient location offers easy access to major transportation arteries, including I-95 and US-1, less than two miles away. The site is also just one block north of E Oakland Park Blvd and five blocks from Dixie Highway. This location benefits from its proximity to Oakland Park's Downtown Core and Central Business District, and is poised for growth with over 1,000 new residential units planned within a one-mile radius over the next two years. Currently occupied by a month-to-month tenant, this property presents a fantastic owner-user opportunity or the potential to increase rental income to market rates. The net rentable square footage is 2,854 square feet. The asking price is $700,000 with a gross lease type and single tenancy.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
CONCRETE
Total area
1,464 SF
Lot
0.13 ac (5,712 SF)
Zoning code
B-3
APN
49-42-23-05-5910
UPID
US18-4203392
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
$390k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$331k
Blend (final)
Blend
$520k
Owner & transaction history
428 Ne 12th Avenue LLC
428 Ne 12th Avenue LLC
since 2026
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
B-3 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+40.7%
Medical building
$680,000
+26.6%
Retail stores
$580,000
+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
$390,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$540,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$560,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $600k (Oct 9 2024)
Last sale anchor
$600k
Oct 9 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
$355 / 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
$6,606
Tax year 2023
Assessed value
$290,910
Assessed 2023
Previous assessed
$276,990
+5.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$51,410
Assessed improvement
$239,500
Land market value
$51,410
Improvement market value
$239,500
Total market value
$290,910
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
1,464 SF
Lot
0.13 ac (5,712 SF)
Zoning code
B-3
APN
49-42-23-05-5910
UPID
US18-4203392
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Oakland Park, FL
Zoning B-3 · permitted uses
B-3 · 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
$540,000
COMMERCIAL (GENERAL)
Est. value
$760,000
MEDICAL BUILDING
Est. value
$680,000
RETAIL STORES
Est. value
$580,000
OFFICE BUILDING
Est. value
$560,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
428 Ne 12th Avenue LLC
Entity
Mailing address
5 1ST LN, SEA RANCH LAKES, FL 33308-2345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
$775,000
428 Ne 12th Avenue LLC
548 Ne 32 Street INC
Warranty Deed
$675,000 · Universal Private Loans LLC
Jan 9, 2025
$600,000
548 Ne 32 Street INC
Group 3000 Limited INC
Warranty Deed
$450,000 · Michael N Rubin Trust
Apr 6, 2018
$300,000
Group 3000 Ltd INC
Oak Park Ventures LLC
Grant Deed
—
Apr 29, 2013
$100,300
Oak Park Ventures LLC
Shevis,albert J Coc
Trustees Deed
—
Nov 10, 2005
$517,000
Afj Properties
Takia Corp
Warranty Deed
$249,600 · Bank Of America
Aug 21, 2003
$220,000
Takia Corp
Elmac Corp
Grant Deed
—
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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