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Property profile & analytics
OFF-MARKET
Office buildings

5826 23rd St West Park, FL 33023-4063

1,164 SF 0.15 ac lot Built 1953
Individually Owned 4-yr Hold Free & Clear
Property ID
US18-1455125
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1,164 square foot warehouse situated on a substantial 6,347 square foot lot in the thriving West Park, Florida community. Located at 5826 SW 23rd St, this single-tenant property is offered at $650,000 with a compelling 6.00% cap rate. The warehouse, built in 1953, is currently configured as a well-maintained office space, providing immediate usability. Alternatively, the existing structure presents a solid foundation for renovation or redevelopment to suit a variety of commercial or industrial uses. The property's strategic location on a corner lot ensures excellent visibility and accessibility, making it an ideal choice for businesses seeking high traffic exposure. The property is zoned TOC (Transit Oriented Corridor), further enhancing its potential for diverse commercial applications. This NNN lease property offers a strong return on investment for discerning buyers seeking a well-located, versatile industrial asset in a rapidly growing area of Broward County, Florida, zip code 33023. The substantial lot size provides ample space for expansion or future development. This is a rare opportunity to acquire a well-positioned warehouse in a prime West Park location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1953
Construction CONCRETE
Total area 1,164 SF
Lot 0.15 ac (6,347 SF)
Zoning code TOC
APN 51-41-24-03-2070
UPID US18-1455125
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Conver It Fine Linens & Party Renta · 4 yrs held
Conver It Fine Linens & Party Renta
since 2021
Last sale
$250,000
1 recorded transaction
2021
$250,000
Zoning & alternative use
TOC · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Transit Oriented Corridor
General category UNKNOWN
Zone area 141.18 ac
Source Realmo
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