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    Property profile & analytics

    7710 71St Ct Tamarac, FL 33321

    • Medical offices
    • 39,640 SF
    • 2.96 lot acres
    For Lease
    View listing
    $1.71 SF/Yr
    Last Sale
    Aug 23, 2024
    $7,600,000
    Value Estimations
    $8,370,000
    Cap Rate Potential
    7%
    Medical offices
    Location Intelligence
    Property ID
    US18-3940381
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 7710 71St Ct

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    2.96 lot acres
    Property size
    39,640 SF
    Zone code
    MU-N
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    49-41-04-37-0010
    APU
    494104370010

    Description

    This exceptional 39,640-square-foot office space at 7710 NW 71st Ct #300 is ideally suited for medical professionals. The single-tenant suite boasts a complete, high-end renovation, offering a fully furnished and turnkey solution. Modern finishes are showcased throughout, including a stylish reception area equipped with a beverage refrigerator and a premium sound system. The space features brand new quartz countertops and cabinets, and top-of-the-line furniture, including exam tables, is included. A convenient kitchen/break room with a refrigerator and microwave is also available. All exam rooms are equipped with sinks and plumbing. Private bathrooms are located within the suite. Utilities, including Florida Power & Light (FPL), water, and internet, are included in the lease. Ample parking is provided. The property is zoned MU-N and features the APN 494104370010. Lease terms are flexible, ranging from one to five years, with the possibility of prorated rent for part-time occupancy. This is a remarkable opportunity to secure a premium, move-in ready medical office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,600,000
      ML approach
      $7,600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,895,000
      6.5%
      $8,210,000
      7%
      $7,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,996,000
      Market price range: $11.0M - $25.9M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2542
    Latitude
    26.2108
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $102,059
    $1,546,840
    $2,471,990
    $4,018,830
    -
    $1,546,840
    $2,471,990
    $4,018,830

    Comparable in this City

    • Value Estimation
      $550,000
      13,115 SF

      6201 University Dr, Unit 6269

      MEDICAL BUILDING • 13,115 SF
      6201 University Dr, Tamarac, FL 33321-4022
      View Details
    • Value Estimation
      $4,100,000
      4,925 SF

      7850 University Dr

      MEDICAL BUILDING • 4,925 SF
      7850 University Dr, Tamarac, FL 33321-2114
      View Details
    • Value Estimation
      $815,000
      44,951 SF

      7431 University Dr

      MEDICAL BUILDING • 44,951 SF
      7431 University Dr, Tamarac, FL 33321-2958
      View Details
    • Value Estimation
      $6,475,000
      31,793 SF

      7443 University Dr

      MEDICAL BUILDING • 31,793 SF
      7443 University Dr, Tamarac, FL 33321-2970
      View Details
    • Value Estimation
      $430,000
      10,200 SF

      7900 University Dr

      MEDICAL BUILDING • 10,200 SF
      7900 University Dr, Tamarac, FL 33321-2116
      View Details
    • Value Estimation by Request

      8229 88Th Ave

      Medical offices
      8229 88Th Ave, Tamarac, FL 33321
      View Details

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    Similar Nearby for Lease

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      Tamarac Medical Office Space Available

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    • $550 /Mo

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      Tamarac Office Space for Lease

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    • $1.71 SF/Yr
      39,640 SF

      7710 NW 71st Ct Office Space

      Fully furnished, turnkey medical office suite.
      7710 71St Ct, Tamarac, FL 33321
      View Details
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    Tamarac, FL 33321
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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