Finished Office Condo with Open
For Sale
Under Contract
$798,000
102 NW 100th Avenue, Plantation, FL
Commercial Sale, Plantation, FL
Property Size1,900 SF
Lot Size0.04 Acres
Price / SF$420
Days on Market98
Property Features for 102 NW 100th Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
B-7Q
Parking
8
Security features
Security System
Directions
Main access to Jacaranda Park is from Broward Blvd just East of Nob Hill Road, Secondary access to office park from Nob Hill Road just North of Broward Blvd
Subdivision
3860
Standard status
Active Under Contract
APN
504106220042
Size
1,900 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
JACARANDA PARCEL 640 148-46 B POR PARCEL 640 DESC AS:COMM SE COR PAR 640,N 196.78 ALG E/L,WLY 144.50,NLY 20,WLY 4.50,NLY 48,E 4.50,NLY 31.08
Tax Annual Amount
13118
HOA Fee
$2,790 Quarterly
Legal Description
JACARANDA PARCEL 640 148-46 B POR PARCEL 640 DESC AS:COMM SE COR PAR 640,N 196.78 ALG E/L,WLY 144.50,NLY 20,WLY 4.50,NLY 48,E 4.50,NLY 31.08
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2002
Floors in Building
1
Number of units
1
Flooring type
Marble, Carpet
Building materials
CBS
Roof type
Tile
Listing Agency:
RE/MAX Consultants Realty 1 · RE/MAX International
(954) 767-4667
Listed By:
James R Welch · License #302946
(954) 830-1816
Added: Jun 5
Changed: Sep 8
Last Checked: Sep 10 at 10:06PM
MLS# B26038344
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 1,900-square-foot office condo, built in 2002, combines a defined reception area with a conference room, three private offices, and a substantial open work area. Interior finishes include marble and carpet flooring, an acoustical tile drop ceiling, distinctive lighting, and built-in wood cabinetry and shelving. The building uses CBS construction and has electric heating with central air conditioning.
The property is located at 102 NW 100th Avenue in Plantation, within Jacaranda Office Park near Broward Boulevard and Nob Hill Road. It carries B-7Q zoning and is served by public water and public sewer. Cable is available, and the building has a tile roof.
The property is located at 102 NW 100th Avenue in Plantation, within Jacaranda Office Park near Broward Boulevard and Nob Hill Road. It carries B-7Q zoning and is served by public water and public sewer. Cable is available, and the building has a tile roof.
Key Highlights
- 1,900 SF office condo in Plantation
- Reception area, conference room, three private offices, and open workspace
- Marble and carpet flooring with acoustical tile drop ceiling
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office condo with a reception area, conference room, private offices, and polished interior finishes.
Where is this office units located?
The property is located at 102 NW 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 SF office condo in Plantation; Reception area, conference room, three private offices, and open workspace; Marble and carpet flooring with acoustical tile drop ceiling
