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250 NE 44th St 3,975 SF 100% Leased Retail Building Oakland Park, FL 33334 $1,980,000 ($498.11/SF) 5.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-Use Freestanding Building
- 100% Occupied with 5.8% In-Place CAP Rate
- Perfect for an Investor or Redevelopment!
- Minutes from I-95 & Major Arterial Highways
- Grandfathered Auto Use - Rare Entitlement
EXECUTIVE SUMMARY
This two-story 3,975 SF freestanding mixed-use building sits on a 17,400 SF lot in the heart of Oakland Park. The property features 1,680 SF of ground floor commercial space, two residential units on the second floor, and a 635 SF detached garage. With 145 feet of high-visibility frontage on Prospect Road and close proximity to I-95, it offers excellent exposure and accessibility. The B-2 zoning allows for a wide range of commercial uses, while its grandfathered auto-related entitlement provides a rare operational advantage. This property presents a stable, income-producing investment with strong value-add and redevelopment potential.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$153,600
|
$38.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$153,600
|
$38.64
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,051
|
$9.57
|
| Net Operating Income |
$115,549
|
$29.07
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $153,600 |
| Annual Per SF | $38.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $153,600 |
| Annual Per SF | $38.64 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,051 |
| Annual Per SF | $9.57 |
| Net Operating Income | |
|---|---|
| Annual | $115,549 |
| Annual Per SF | $29.07 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,975 SF
Building Class
C
Year Built
1971
Price
$1,980,000
Price Per SF
$498.11
Cap Rate
5.84%
NOI
$115,548
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
B-2 - Grandfathered Use of Auto maintenance /repair
Parking
17 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
145’ on NE 44th St
AMENITIES
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Property Manager on Site
- Pylon Sign
- Signage
- Drive Thru
- Storage Space
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $697,170 | |
| Land Assessment | $208,800 | Total Assessment | $905,970 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$208,800
Improvements Assessment
$697,170
Total Assessment
$905,970
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250 NE 44th St
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