Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    959 45th St, Unit 989 Oakland Park, FL 33334-3809
    Back to Search
    Property profile & analytics

    959 45th St, Unit 989, Oakland Park, FL 33334-3809

    View on Map
    • Warehouses
    • 12,129 SF
    • 0.40 lot acres
    Off-Market
    Last Sale Oct 9, 2020
    $3,798,500
    Property ID
    US18-0846088
    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.
    Value Estimations
    $3,050,000
    Show details
    Cap Rate Potential
    2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 959 45th St

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.40 lot acres
    Zone code
    B-3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-14-23-0170
    APU
    494214230170

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2020 $3,798,500 Jama 26 LLC Faber Of Kurtz Properties I INC Warranty Deed —
    Jun 9, 2010 — Faber Of Kurtz Properties I INC — Deed Of Trust · related $4.2M · Thrivent Financial For Luthera
    Jun 16, 1999 $2,800,000 Faber/kurtz Properties I INC Rommel Enterprises LP Grant Deed $1.8M · Lutheran Brotherhood
    — — Faber Of Kurtz Properties I INC — Loan Modification · related $4.7M · Thrivent Financial For Luthera

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,395,000
      6.5%
      $2,210,000
      7%
      $2,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,920,000
      Market price range: $2.30M - $6.79M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,465,000
      Current use
      RETAIL STORES
      $4,790,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1337
    Latitude
    26.1835
    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
    $28,135
    $157,950
    $1,172,760
    $1,330,710
    -
    $157,950
    $1,172,760
    $1,330,710

    Comparable in this City

    • Value Estimation
      $21,200,000
      139,980 SF

      4950 Dixie Hwy

      MINI-WAREHOUSE, STORAGE
      4950 Dixie Hwy, Oakland Park, FL 33334-3947
      View Details
    • Value Estimation
      $2,180,000
      12,781 SF

      531 35th St, Unit 551

      MINI-WAREHOUSE, STORAGE
      531 35th St, Oakland Park, FL 33334-2113
      View Details
    • Value Estimation
      $4,060,000
      10,393 SF

      1001 45th St, Unit 1051

      MINI-WAREHOUSE, STORAGE
      1001 45th St, Oakland Park, FL 33334-3811
      View Details
    • Value Estimation
      $745,000
      4,000 SF

      2748 Dixie Hwy

      MINI-WAREHOUSE, STORAGE
      2748 Dixie Hwy, Wilton Manors, FL 33334-3727
      View Details
    • Value Estimation
      $1,715,000
      10,368 SF

      501 35th St, Unit 521

      MINI-WAREHOUSE, STORAGE
      501 35th St, Oakland Park, FL 33334-2113
      View Details
    • Value Estimation
      $1,790,000
      10,880 SF

      540 35th St, Unit 550

      MINI-WAREHOUSE, STORAGE
      540 35th St, Oakland Park, FL 33334-2114
      View Details

    Similar Nearby for Sale

    • $650,000
      1,960 SF

      Oakland Park Warehouse with Bays

      Versatile warehouse in a growing industrial corridor.
      4511 NE 6Th Ave, Oakland Park, FL 33334
      View Details
    • $1,550,000

      Oakland Park Warehouse Flex Building

      5,867 SF warehouse/flex building with secure outside storage.
      3034 NE 12Th Ter, Oakland Park, FL 33334
      View Details
    • Contact for pricing
      1,104 SF

      Oakland Park Industrial Corner Property

      Industrial corner property in Oakland Park, opportunity zone, flexible zoning.
      4498 N Dixie Hwy, Oakland Park, FL 33334
      View Details
    • Contact for pricing
      8,000 SF

      Leased Flex Space For Sale

      8,000 SF flex space in Oakland Park, Florida.
      4020-4024 Northeast 5Th Ter, Oakland Park, FL 33334
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Oakland Park Warehouse/Office Space

      2,000 SF warehouse/office unit in Oakland Park for lease.
      4530 NE 6Th Ave, Oakland Park, FL 33334
      View Details
    • Contact for pricing
      2,649 SF

      Oakland Park Warehouse Space Available

      Recently renovated warehouse space available for sublease in Oakland Park.
      4003 NE 6Th Ave, Oakland Park, FL 33334
      View Details
    • Contact for pricing

      Oakland Park Warehouse For Rent

      Renovated warehouse in Oakland Park with easy I-95 access.
      Oakland Ct, Fort Lauderdale, FL 33334
      View Details
    • Contact for pricing
      20,748 SF

      Oakland Park Industrial Flex Space

      20,748 SF industrial flex space available for lease.
      5149 Ne 12Th Ave, Oakland Park, FL 33334
      View Details
    • $450 /Mo

      198 NE 33 St Oakland Park FL 33334

      Warehouse Oakland Park!
      198 NE 33 St Oakland Park FL 33334, Oakland Park, FL 33334
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    959 45th St, Unit 989
    Oakland Park, FL 33334-3809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    959 45th St, Oakland Park, FL, 33334
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!