Medical Office Space with
For Sale
Contact for pricing
1 SW 129th Ave, Pembroke Pines, FL 33027
High-end medical office buildout near Memorial West Hospital and Century Village in Pembroke Pines.
Property Size2,687 SF
Price / SF$539.64
Days on Market65
Property Features for 1 SW 129th Ave
General Information
Standard status
Active
Size
2,687 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
RE/MAX - 5 Star Realty | Hollywood
(954) 361-0000
Listed By:
John DeMarco · License #A12052614
(954) 453-1000
Source:
Moodyscre
Added: Jul 23
Changed: Sep 15
Last Checked: Sep 24 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX - 5 Star Realty | Hollywood
Investment Insights
Based on property information with market context.
Medical office space featuring a high-end buildout, sized at 2,687 square feet. The configuration is suited for medical office users seeking a refined interior finish package.
Positioned about 1 mile east of I-75 on Pines Boulevard, the property is next to Century Village and close to Memorial West Hospital, supporting convenient access for staff and patients.
Ideal for either an investor or an owner-user given its medical-focused buildout and healthcare adjacency. The property is offered for sale and located at 1 SW 129th Ave, Pembroke Pines, FL 33027.
Positioned about 1 mile east of I-75 on Pines Boulevard, the property is next to Century Village and close to Memorial West Hospital, supporting convenient access for staff and patients.
Ideal for either an investor or an owner-user given its medical-focused buildout and healthcare adjacency. The property is offered for sale and located at 1 SW 129th Ave, Pembroke Pines, FL 33027.
Key Highlights
- 2,687 square feet medical office space with high‑end buildout
- About 1 mile east of I‑75 on Pines Boulevard
- Next to Century Village
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,320
$1.1M
Cap Rate 7%
$754,514
$754.5K
Cap Rate 9%
$586,844
$586.8K
Market Conditions
NOI Build-Up for 2,687 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.3K $33.60/SF
− Vacancy
−$19.9K −$7.39/SF
EGI
$70.4K $26.21/SF
− OpEx
−$17.6K −$6.55/SF
NOI
$52.8K $19.66/SF
Area
Pembroke Pines, FL
Vacancy
22.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,320
Cap Rate 7%
$754,514
Cap Rate 9%
$586,844
Alternative Uses
Best Use
Office B
$754.5K
$660.2K – $880.3K
NOI $52,816 @ 7.0% cap · market cap 3.64%
Second Best
Healthcare Medical
$668.3K
$584.8K – $779.7K
NOI $46,780 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.14M
$998.6K – $1.33M
NOI $79,888 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33027, FL
63,726
Population
26,247
Households
2.4
Avg Household Size
45
Median Age
42%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
4,756
Density / Sq Mi
$73,450
Median Household Income
$50,689
Median Earnings
$1,788
Median Rent
$403,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - High-end medical office buildout near Memorial West Hospital and Century Village in Pembroke Pines.
Where is this medical office space located?
The property is located at 1 SW 129th Ave Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,687 square feet medical office space with high‑end buildout; About 1 mile east of I‑75 on Pines Boulevard; Next to Century Village
