218 Commercial BlvdOakland Park, FL 33334

Property Details for 218 Commercial Blvd

Year built

1972

Construction

CONCRETE

Lot size

0.36 AC

Property size (Sq ft)

19,664 SF

Zone code

B-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

49-43-18-01-3550

APU

494318013550

Description

Seagrape Commons, a highly visible Class B building in Oakland Park, Florida (33334), offers 5,486 square feet of vacant creative office space. Located at 218-222 E Commercial Boulevard, this multi-tenant property boasts a prime location just a three-block walk from the beach in Lauderdale-by-the-Sea. The building features a mix of retail, office, and restaurant spaces, creating a vibrant and convenient environment. Units range from a minimum of 264 square feet to a maximum contiguous space of 2,195 square feet, providing flexibility for various business needs. Amenities include ample parking and expansive natural light. The property is situated near popular local businesses such as Basilic, Billy Jack's Pump Sushi, and Dr. Juice, ensuring high visibility and foot traffic. The open floor plans and competitive rates make this an attractive opportunity for businesses seeking a unique and desirable location. Several suites are currently available. This is a retail and office property with full-size spaces and executive office suites.

• CAP approach

  CAP return

  Valuation

  6%

  $7,249,255

  6.5%

  $6,691,620

  7%

  $6,213,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,004,165

  Geo Method

  $9,004,165

• Alternative Use

  Use

  Valuation

  Residential

  $6,691,620

  Hospitality

  $6,129,488

  Educational

  $5,099,662

  Medical

  $5,275,047

  Retail

  $7,932,808

Location Insight

City

Lauderdale By The Sea

County

Broward

State

Florida

Latitude

26.1896

Longitude

-80.0979

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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