Oakland Park, FL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Oakland Park, Florida Market population: 42K. Compare commercial properties across all major asset classes...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Oakland Park FL Properties: 1.4400%

📊 Average Income For Oakland Park FL Commercial Property: $44,971

Investor Questions For Oakland Park FL

Common questions from investors exploring commercial real estate in Oakland Park FL.

What is the overall investment potential of Oakland Park, FL, considering its demographic and economic factors? +

The city's median household income of $44,971, combined with a poverty rate of 16.5% and a health insurance coverage of 78.4%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Finance & Insurance and Public Administration, contribute to a diverse economy, while the foreign-born rate of 24.5% and top ethnicities of White, White Non-Hispanic, and Hispanic indicate a culturally diverse population.

How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential tenants? +

The average commute time of 24.4 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a relatively convenient and flexible transportation system. This, combined with a health insurance coverage rate of 78.4%, suggests a good quality of life for residents, making it an attractive location for potential tenants and investors.

What are the key factors to consider when evaluating the housing market in Oakland Park, FL? +

The median property value of $150,600, median property taxes of $9,902, and a homeownership rate of 55.3% provide insight into the housing market. Additionally, the poverty rate of 16.5% and income inequality (GINI) of 0.431 should be considered when assessing the potential for rental income and property appreciation.

How does the city's ethnic diversity and industry mix impact market demand and investment opportunities? +

The top ethnicities of White, White Non-Hispanic, and Hispanic, along with a foreign-born rate of 24.5%, contribute to a diverse population with varying housing needs. The top industries, including Finance & Insurance and Public Administration, create a stable demand for housing, while the city's diversity can support a range of investment strategies, from affordable housing to luxury developments.

What role do education and occupation play in the city's investment potential, and how do they relate to the overall quality of life? +

The high school graduation rate of 84.2% and bachelor's degree or higher rate of 24.1% indicate a relatively educated population, which can contribute to a stable and skilled workforce. The top occupations in Management, Business, Science, & Arts Occupations, and Service Occupations suggest a diverse economy with opportunities for employment and investment, ultimately enhancing the quality of life for residents and potential tenants.

Oakland Park FL Real Estate & City Facts

Key facts and real estate information about Oakland Park FL.

What are some of the best neighborhoods to live in Oakland Park? +

Some of the best neighborhoods to live in Oakland Park include Oakland Park North, Montclair, and areas in the east parts of the city. These neighborhoods are known for being peaceful and family-friendly, with easy access to amenities and a strong sense of community.

What are some fun things to do in Oakland Park? +

There are plenty of fun things to do in Oakland Park, including visiting the Funky Buddha Brewery, exploring the Jaco Pastorius Park, and attending events at the Blessed Sacrament Catholic Church. You can also take a day trip to nearby Fort Lauderdale Beach or Hollywood Beach, or visit the Seminole Hard Rock Hotel and Casino.

What is the food scene like in Oakland Park? +

The food scene in Oakland Park is diverse and vibrant, with a range of restaurants serving everything from burgers to Thai cuisine. Some popular spots include Escargot Bistro, El Guanaco Taqueria Y Antojitos, and Funky Buddha Brewery. There are also plenty of great food trucks and casual eateries to try.

What are the pros and cons of living in Oakland Park? +

One of the pros of living in Oakland Park is its convenient location, with easy access to major highways and nearby cities. The city also has a strong sense of community, with plenty of family-friendly neighborhoods and community events. However, one of the cons is that the city has a higher crime rate compared to other areas, with a crime rate of 32 per one thousand residents. Additionally, the city's public schools may not be as highly rated as those in other areas.

Is Oakland Park a good place to live? +

Overall, Oakland Park can be a good place to live for those who value its convenient location, diverse food scene, and strong sense of community. However, it's worth considering the city's higher crime rate and lower-rated public schools when making a decision. Ultimately, whether or not Oakland Park is a good place to live will depend on your individual priorities and needs.

Oakland Park, FL High Income Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Oakland Park FL Properties: 1.4400%

📊 Average Income For Oakland Park FL Commercial Property: $44,971

Investor Questions For Oakland Park FL

Oakland Park FL Real Estate & City Facts

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