7101 Oakland Park BlvdLauderhill, FL 33319

Property Details for 7101 Oakland Park Blvd

Year built

1986

Construction

CONCRETE

Lot size

8.47 AC

Property size (Sq ft)

55,060 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

49-41-22-26-0021

APU

494122260021

Description

Invest in Oakbrook Plaza, a thriving Lauderhill, Florida retail center ideally situated at 7101 W Oakland Park Blvd, 33319. This 66,103 square foot property, built in 1987, boasts a prime location with over 55,000 vehicles passing daily on West Oakland Park Boulevard. Its convenient location is approximately half a mile east of University Drive and west of the Florida Turnpike, ensuring high visibility and accessibility. The property comprises a main multi-tenant plaza and three freestanding outparcel buildings, offering diverse leasing opportunities. With a generous 8.5-acre lot and 470 surface parking spaces, ample parking is readily available for tenants and customers. The flexible zoning (CG - General Commercial) allows for a variety of uses. Currently, the center houses a diverse mix of tenants including Dunkin' Donuts, medical offices (physical therapy, dental), dance studios, restaurants, barber shops, opticians, and insurance offices. Multiple spaces are available, ranging from 750 to 3,970 contiguous square feet, with a minimum divisible space of 3,300 square feet. A total of 7,270 square feet is currently vacant, presenting an excellent opportunity for expansion or new tenants. The property's diverse tenant mix and high traffic location make it an attractive investment opportunity in the Central Broward submarket of Broward County (APN: 494122260021).

• CAP approach

  CAP return

  Valuation

  6%

  $24,063,198

  6.5%

  $22,212,184

  7%

  $20,625,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,989,880

  Geo Method

  $40,989,880

• Alternative Use

  Use

  Valuation

  Residential

  $18,736,808

  Hospitality

  $17,162,816

  Educational

  $14,279,261

  Medical

  $14,770,347

  Retail

  $22,212,184

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1662

Longitude

-80.2426

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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