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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7491 Oakland Park Blvd Tamarac, FL 33319-4989

    • Office buildings
    • 20,698 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2021
    $1,825,000
    Value Estimations
    $2,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1141180
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 7491 Oakland Park Blvd

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    0.83 lot acres
    Property size
    20,698 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    49-41-22-21-0020
    APU
    494122210020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000
      ML approach
      $2,405,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2478
    Latitude
    26.1669
    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
    $55,128
    $433,340
    $1,348,810
    $1,782,150
    -
    $433,340
    $1,348,810
    $1,782,150

    Comparable in this City

    • Value Estimation
      $7,790,000
      16,645 SF

      7100 Commercial Blvd

      OFFICE BUILDING • 16,645 SF
      7100 Commercial Blvd, Lauderhill, FL 33319-2155
      View Details
    • Value Estimation
      $4,095,000
      1,804 SF

      4850 State Rd 7th Ste G101

      OFFICE BUILDING (MULTI-STORY) • 1,804 SF
      4850 State Rd 7th Ste G101, Lauderdale Lakes, FL 33319-5807
      View Details
    • Value Estimation
      $1,680,000
      7,760 SF

      6209 Commercial Blvd

      OFFICE BUILDING • 7,760 SF
      6209 Commercial Blvd, Tamarac, FL 33319-2335
      View Details
    • Value Estimation
      $645,000
      2,777 SF

      4800 State Rd 7th Ste F105

      OFFICE BUILDING (MULTI-STORY) • 2,777 SF
      4800 State Rd 7th Ste F105, Lauderdale Lakes, FL 33319-5805
      View Details
    • Value Estimation
      $5,950,000
      15,500 SF

      4720 State Rd 7b

      OFFICE BUILDING (MULTI-STORY) • 15,500 SF
      4720 State Rd 7b, Lauderdale Lakes, FL 33319-5860
      View Details
    • Value Estimation
      $2,700,000
      11,469 SF

      4101 Commercial Blvd

      OFFICE BUILDING (MULTI-STORY) • 11,469 SF
      4101 Commercial Blvd, Tamarac, FL 33319-3377
      View Details

    Similar Nearby for Sale

    • $7,895,000

      Lauderhill Office Building For Sale

      33,178 SF office building, 100% occupied, excellent visibility.
      7100 W Commercial Blvd, Fort Lauderdale, FL 33319
      View Details
    • $1,795,000
      0.91 Acres

      Tamarac Office Investment Opportunity

      9,828 SF office building ideal for diverse professional uses.
      7471 W Oakland Park Blvd, Fort Lauderdale, FL 33319
      View Details
    • Contact for pricing

      Renovated Office Building on Commercial

      Newly renovated office building with high visibility and easy access.
      6209 W Commercial Blvd, Fort Lauderdale, FL 33319
      View Details
    • $9,450,000
      33,178 SF

      Lauderhill Office Building Investment

      High-Yield Office Center, Prime Location
      7100 Commercial Blvd, Lauderhill, FL 33319
      View Details
    • Contact for pricing

      Renovated Corner Unit with Light

      Recently renovated office space with abundant natural light and 24/7 access.
      5440 N State Road 7, Fort Lauderdale, FL 33319
      View Details
    • Contact for pricing

      Tamarac Office/Medical Space Available

      Recently built-out professional or medical space with excellent finishes.
      5479 N State Road 7, Fort Lauderdale, FL 33319
      View Details

    Similar Nearby for Lease

    • $19,800 /Mo
      1,592 SF

      High-Visibility Auto Sales Location

      Prime location for auto sales with high traffic and visibility.
      5350 N State Road 7, Fort Lauderdale, FL 33319
      View Details
    • Contact for pricing
      9,500 SF

      Commercial Blvd Retail Spaces

      Lauderhill, FL: Prime Retail & Office
      7240 Commercial Blvd, Lauderhill, FL 33319
      View Details
    • $30 SF/Yr
      455 SF

      Lauderdale Lakes Office Space Available

      Office space available for lease in Lauderdale Lakes, Florida.
      3500 N State Road 7, Lauderdale Lakes, FL 33319
      View Details
    • Contact for pricing
      1,600 SF

      Retail Storefronts in Lauderdale Lakes

      Storefronts for lease in busy shopping center with parking.
      3708-3746 N State Road 7, Lauderdale Lakes, FL 33319
      View Details
    • $300 /Mo

      Shared Office Space Available

      Quiet office space for rent in a great location.
      3700 Inverrary Dr, Lauderhill, FL 33319
      View Details
    • $800 /Mo

      Move-in Ready Office Space

      Office space with reception, storage, and included utilities.
      4000 311-A, Lauderdale Lakes, FL 33319
      View Details
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    Tamarac, FL 33319-4989
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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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