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

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

    • Warehouses
    • 12,129 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Oct 09, 2020
    $3,798,500
    Value Estimations
    $3,050,000
    Show details
    Cap Rate Potential
    2%
    Warehouses
    Location Intelligence
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 959 45th St

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.40 lot acres
    Property size
    12,129 SF
    Zone code
    B-3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-14-23-0170
    APU
    494214230170

    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 valuation — 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
      $2,030,000
      10,000 SF

      4360 11th Ave

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      4360 11th Ave, Oakland Park, FL 33334-3802
      View Details
    • Value Estimation
      $15,925,000
      97,140 SF

      5061 13th Ave

      MINI-WAREHOUSE, STORAGE • 97,140 SF
      5061 13th Ave, Oakland Park, FL 33334-4924
      View Details
    • Value Estimation
      $2,415,000
      14,500 SF

      520 36th St, Unit 550

      MINI-WAREHOUSE, STORAGE • 14,500 SF
      520 36th St, Oakland Park, FL 33334-2223
      View Details
    • Value Estimation
      $6,000,000
      21,385 SF

      3472 5th Ave

      MINI-WAREHOUSE, STORAGE • 21,385 SF
      3472 5th Ave, Oakland Park, FL 33334-2158
      View Details
    • Value Estimation by Request
      16,851 SF

      4242 6th Ave

      MINI-WAREHOUSE, STORAGE • 16,851 SF
      4242 6th Ave, Fort Lauderdale, FL 33334
      View Details
    • Value Estimation
      $3,115,000
      13,426 SF

      4530 Dixie Hwy, Unit 4560

      MINI-WAREHOUSE, STORAGE • 13,426 SF
      4530 Dixie Hwy, Oakland Park, FL 33334-3923
      View Details

    Similar Nearby for Sale

    • $2,175,000
      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
    • Contact for pricing

      Single Bay Rental Warehouse

      Rental warehouse with office, bathroom, and high overhead door.
      4857 NE 12Th Ave, Oakland Park, FL 33334
      View Details
    • $949,900
      2,750 SF

      Renovated Flex Office in Oakland

      Renovated flex office space in Oakland Park's Culinary Arts District.
      3496 NE 12 Ter Ter, Oakland Park, FL 33334
      View Details
    • $575,000
      2,500 SF

      Oakland Park Warehouse Portfolio

      Six-Unit Warehouse, 100% Occupied
      4407 10Th Ave, Oakland Park, FL 33334
      View Details
    • $4,725,000
      11,588 SF

      Fort Lauderdale Industrial Investment Opportunity

      Two-building industrial property with long-term credit lease in Fort Lauderdale.
      1165 Nw 55Th St, Fort Lauderdale, FL 33334
      View Details
    • $1,400,000
      0.17 Acres

      Oakland Park Warehouse with Alley

      Spacious warehouse with covered area, convenient access, and light industrial zoning.
      1040 NE 44Th St, Fort Lauderdale, FL 33334
      View Details

    Similar Nearby for Lease

    • $0.16 SF/Yr
      1,650 SF

      Oakland Park Warehouse - 6,600 SF

      Newly renovated warehouse, ideal location, four bays.
      141 32 St, Oakland Park, FL 33334
      View Details
    • $450 /Mo

      530 Prospect Oakland Park FL 33334

      300 ft2 Self Storage Garage $450/m Only 1 available! (Oakland Park)
      530 Prospect Oakland Park FL 33334, Oakland Park, FL 33334
      View Details
    • Contact for pricing
      8,100 SF

      Oakland Park Warehouse/Flex Space

      900 SF bays with office and restroom for lease.
      4310 NE 5Th Ave, Oakland Park, FL 33334
      View Details
    • $6,500 /Mo
      1,295 SF

      Freestanding Office/Warehouse with Yard

      1,295 SF office/warehouse with yard for lease. Easy I-95 access.
      241 NE 32Nd Ct, Fort Lauderdale, FL 33334
      View Details
    • $22 SF/Yr

      Oakland Park Industrial Warehouse Property

      Multi-tenant industrial warehouse with units ranging from 850-3,300 SF.
      519 NE 34Th St, Fort Lauderdale, FL 33334
      View Details
    • $875 /Mo

      198 NE 33 St Oakland Park FL 33334

      WAREHOUSE / SPACES FOR RENT OAKLAND PARK
      198 NE 33 St Oakland Park FL 33334, Oakland Park, FL 33334
      View Details
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    Oakland Park, FL 33334-3809
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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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