Freestanding Office
For Sale
$1,750,000
1565 N Park Drive, Weston, FL 33326
Commercial Sale, Weston, FL
Property Size5,486 SF
Lot Size0.47 Acres
Price / SF$318.99
Days on Market533
Property Features for 1565 N Park Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
O-1
Directions
I75 to Royal Palm Blvd. Royal Palm Blvd to Weston Road. North on Weston Road to N Commerce Parkway. Right on N Commerce Parkway to N Park Drive. Left on N Park Drive. Campus on the left.
Subdivision
3890
Standard status
Active
APN
504017020035
Size
5,486 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
PARK OF COMMERCE 110-15 B POR OF LOTS 1 AND 2 DESC AS:COMM SE COR SAID LOT 2;NW 499.85 TO POB NE 23.01,SE 143.89,SW 143.74 NW 143.89,NE 120.
Legal Description
PARK OF COMMERCE 110-15 B POR OF LOTS 1 AND 2 DESC AS:COMM SE COR SAID LOT 2;NW 499.85 TO POB NE 23.01,SE 143.89,SW 143.74 NW 143.89,NE 120.
Amenities
courtyard area with fountains
lush landscaping
Building Details
Year built
2000
Floors in Building
1
Number of units
5
Listing Agency:
Box Real Estate LLC
(954) 526-3900
Listed By:
Jason Chamely · License #3180591
(954) 857-1884
Added: Apr 25, 2025
Changed: Oct 1
Last Checked: Oct 9 at 1:06AM
MLS# F10500162
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,486-square-foot freestanding office building, completed in 2000, contains five individually configured suites ranging from 700 to 1,225 square feet. The suites share an entrance and restrooms, and the property is currently 100% occupied by mixed office and light medical users. O-1 zoning supports the existing office-oriented configuration.
The building is part of the Intercontinental Professional Center, a six-building campus with a courtyard featuring fountains, landscaped grounds, and ample parking. Located at 1565 N Park Drive in Weston, the property is 1.3 miles from I-75 and 1.5 miles from the Cleveland Clinic campus, with restaurants and shops nearby.
The building is part of the Intercontinental Professional Center, a six-building campus with a courtyard featuring fountains, landscaped grounds, and ample parking. Located at 1565 N Park Drive in Weston, the property is 1.3 miles from I-75 and 1.5 miles from the Cleveland Clinic campus, with restaurants and shops nearby.
Key Highlights
- 5,486‑square‑foot freestanding office building completed in 2000
- Five suites ranging from 700 to 1,225 square feet
- Currently 100% occupied by mixed office and light medical users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,406
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,120
$2.9M
Cap Rate 7%
$2,077,229
$2.1M
Cap Rate 9%
$1,615,622
$1.6M
Market Conditions
NOI Build-Up for 5,486 SF
Gross rent
$250.2K $45.60/SF
− Vacancy
−$56.3K −$10.26/SF
EGI
$193.9K $35.34/SF
− OpEx
−$48.5K −$8.84/SF
NOI
$145.4K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,120
Cap Rate 7%
$2,077,229
Cap Rate 9%
$1,615,622
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,406 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,830 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 33326, FL
33,978
Population
12,679
Households
2.7
Avg Household Size
41
Median Age
58%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
4,719
Density / Sq Mi
$113,935
Median Household Income
$53,634
Median Earnings
$2,381
Median Rent
$529,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Five private suites accommodate mixed office and light medical users within a professionally landscaped campus.
Where is this office building located?
The property is located at 1565 N Park Drive Weston, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,486‑square‑foot freestanding office building completed in 2000; Five suites ranging from 700 to 1,225 square feet; Currently 100% occupied by mixed office and light medical users
