This exceptional 29,645-square-foot retail property, located in the thriving Oakland Park area, presents a remarkable investment opportunity. The single-tenant building boasts a highly visible storefront along West Oakland Park Boulevard, ensuring maximum exposure to a substantial customer base. Ample on-site parking, with a ratio of 4 spaces per 1,000 square feet, guarantees convenient access for shoppers and employees. The flexible layout allows for customization to suit a variety of retail businesses, and prominent signage opportunities further enhance visibility. This property benefits from a strong synergy with neighboring retailers, creating a vibrant and attractive shopping destination. Its strategic location offers easy access to major thoroughfares, including proximity to the Sawgrass Expressway (SR 869) just 3 miles away and Fort Lauderdale Executive Airport (FXE) a short 7.2 miles distant. The property is zoned CG and its APN is 494122260010. The move-in ready condition minimizes delays, allowing for a swift commencement of operations. Furthermore, the property's location near major retailers such as Publix Super Market and Walmart Supercenter ensures high foot traffic and a strong customer base within a bustling retail corridor.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$12,955,930
6.5%
$11,959,320
7%
$11,105,083
Comparable approach
Method
Valuation
Relative Method
$22,069,470
Geo Method
$22,069,470
Alternative Use
Use
Valuation
Residential
$10,088,134
Hospitality
$9,240,677
Educational
$7,688,134
Medical
$7,952,542
Retail
$11,959,320
Location Insight
City
Lauderhill
County
Broward
State
Florida
Latitude
26.1649
Longitude
-80.2437
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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