Property profile

740 45th St Oakland Park, FL 33334

OFF-MARKET
Warehouses
Property ID
US18-3099900
4,880 SF 1.32 ac lot Built 1966
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 28,040-square-foot industrial property in Oakland Park, Florida, presents a compelling redevelopment opportunity. Situated on a 1.66-acre lot zoned I-1 (Light Industrial), this fee-simple offering comprises three buildings: a 25,880-square-foot warehouse with 26-foot ceilings, and a 2,158-square-foot office building. The warehouse boasts 13 bay doors (11 measuring 14x14 feet, and 2 measuring 20x20 feet), two 10x14-foot loading docks, two 5-ton rail cranes, and two 2-ton jib cranes. The property features 3-phase power (800-900 amps) and recently underwent significant improvements, including new pavement and paint in 2024, and passed its 40-year structural and electrical inspections. Conveniently located in Oakland Park's Central Business District, it offers easy access to I-95 via two ingress/egress points, providing excellent visibility and accessibility. A month-to-month tenant currently occupies approximately 3,500 square feet, and there's potential for additional leasing (up to 15,000 sq ft). The asking price is $6,900,000 ($246.08/sq ft), reflecting the property's significant potential for future development and immediate income generation. The property's existing infrastructure, coupled with the ample land and strategic location, makes it an ideal investment for owner-users seeking to expand or reposition their operations within a thriving South Florida market. A roof coating with a 10-year warranty is planned.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1966
Construction CONCRETE
Total area 4,880 SF
Lot 1.32 ac (57,664 SF)
Zoning code I-1
APN 49-42-14-15-0021
UPID US18-3099900

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

740 45th St Oakland Park, FL 33334-3250
Oakland Park metro Census 50501 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2025
Last sale
$6.4M
3 recorded transactions
2025
$6.4M
2020
Price N/A
2001
$950,000

Zoning & alternative use

I-1 · Oakland Park, FL
Zoning description

Light Industrial District is intended primarily for the manufacture, fabrication and processing of small articles and nonobjection able products not involving the use of any materials, processes or machinery likely to ca…

General category INDUSTRIAL

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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