Office Condo with Open
For Sale
$798,000
102 100th Avenue, Plantation, FL 33324
Office condominium with a reception area, conference room, private offices, and detailed interior finishes.
Property Size1,900 SF
Price / SF$420
Days on Market100
Property Features for 102 100th Avenue
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$13,118
Amenities
Central Air, Electric
3
Marble, Carpet
Shared Driveway.
State Road.
Building Details
Year Built
2002
Listing Agency:
RE/MAX Consultants Realty 1
(954) 767-4667
Listed By:
James Welch · License #302946
(954) 830-1816
Source:
Xome
Added: Jun 3
Changed: Sep 9
Last Checked: Sep 10 at 5:47AM
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 Consultants Realty 1
Investment Insights
Based on property information with market context.
This 1,900-square-foot office condominium, built in 2002, offers a functional layout for professional operations. The interior includes a reception area, conference room, three private offices, and a large open work area. Marble and carpet flooring, an acoustical tile drop ceiling, specialized lighting, and built-in wood cabinetry and shelving add defined finish elements throughout the space. Central air with electric service supports the office environment.
The property is located within Jacaranda Office Park at the intersection of Broward Boulevard and Nob Hill Road in Plantation, Florida. The office configuration combines enclosed rooms for private work and meetings with a larger shared area for flexible workspace needs.
The property is located within Jacaranda Office Park at the intersection of Broward Boulevard and Nob Hill Road in Plantation, Florida. The office configuration combines enclosed rooms for private work and meetings with a larger shared area for flexible workspace needs.
Key Highlights
- 1,900‑square‑foot office condominium
- Three private offices plus a conference room
- Large open work area and reception area
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
$50,360
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
6.31%
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%
$1,007,200
$1.0M
Cap Rate 7%
$719,429
$719.4K
Cap Rate 9%
$559,556
$559.6K
Market Conditions
NOI Build-Up for 1,900 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
$86.6K $45.60/SF
− Vacancy
−$19.5K −$10.26/SF
EGI
$67.1K $35.34/SF
− OpEx
−$16.8K −$8.84/SF
NOI
$50.4K $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 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%
$1,007,200
Cap Rate 7%
$719,429
Cap Rate 9%
$559,556
Alternative Uses
Best Use
Office B
$719.4K
$629.5K – $839.3K
NOI $50,360 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$964.0K
$843.5K – $1.12M
NOI $67,477 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 33324, FL
46,766
Population
22,375
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
5,196
Density / Sq Mi
$83,678
Median Household Income
$45,560
Median Earnings
$2,152
Median Rent
$350,500
Median Home Value
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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 units - Office condominium with a reception area, conference room, private offices, and detailed interior finishes.
Where is this office units located?
The property is located at 102 100th Avenue Plantation, FL.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 1,900‑square‑foot office condominium; Three private offices plus a conference room; Large open work area and reception area
