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548 32nd St Oakland Park, FL 33334-2134

OFF-MARKET Warehouses Google Maps
1,464 SF 0.13 ac lot Built 1956
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$390k
Range $351k – $429k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
$375k
Comparable Approach Comparable
$331k
Blend (final) Blend
$390k

Owner & transaction history

since 2026
Last sale
$600,000
6 recorded transactions
2026
$775,000
2025
$600,000
2018
$300,000
2013
$100,300
2005
$517,000
2003
$220,000

Zoning & alternative use

B-3 · Oakland Park, FL
Zoning description

The B-3 Commercial-Industrial District is intended primarily for certain repair and other services, wholesale, storage, light manufacturing, packaging and shipping, although retail and office uses are also permitted. The…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $760,000 +40.7%
Medical building $680,000 +26.6%
Retail stores $580,000 +7.3%

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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