Office Suite with Conference
For Sale
$160,000
106-2893 Executive Park Dr, Weston, FL 33331
Office suite in a prestigious Weston building with ample parking and a recently remodeled conference room seating 12+.
Property Size240 SF
Price / SF$666.67
Days on Market49
Property Features for 106-2893 Executive Park Dr
General Information
Standard status
Active
Size
240 SF
Taxes and HOA fees
Annual Taxes
$3,655
Amenities
grand entry
marble floors
ample parking
conference room
Listing Agency:
Weichert Realtors Capella Estates
(954) 888-9322
Listed By:
Luis Galindez · License #A12055906
(954) 907-9493
Source:
Exprealty
Added: Jul 21
Changed: Sep 6
Last Checked: Sep 6 at 3:44PM
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 Weichert Realtors Capella Estates
Investment Insights
Based on property information with market context.
This prestigious Weston office building features a grand entry and marble floors. The offering includes an approximately 240 SF office suite suitable for a small professional business.
On-site amenities include ample parking and a conference room that can be booked and used for free. The conference room has been recently remodeled and seats 12+ people, providing space for meetings and client discussions.
The suite is positioned within a managed office environment designed to support day-to-day business operations for a variety of professional uses.
On-site amenities include ample parking and a conference room that can be booked and used for free. The conference room has been recently remodeled and seats 12+ people, providing space for meetings and client discussions.
The suite is positioned within a managed office environment designed to support day-to-day business operations for a variety of professional uses.
Key Highlights
- 240 SF office suite in a prestigious Weston office building
- Grand entry building with marble floors
- Ample on‑site parking
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
$6,361
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
3.98%
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%
$127,220
$127.2K
Cap Rate 7%
$90,871
$90.9K
Cap Rate 9%
$70,678
$70.7K
Market Conditions
NOI Build-Up for 240 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
$10.9K $45.60/SF
− Vacancy
−$2.5K −$10.26/SF
EGI
$8.5K $35.34/SF
− OpEx
−$2.1K −$8.84/SF
NOI
$6.4K $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%
$127,220
Cap Rate 7%
$90,871
Cap Rate 9%
$70,678
Alternative Uses
Best Use
Office B
$90.9K
$79.5K – $106.0K
NOI $6,361 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$121.8K
$106.5K – $142.1K
NOI $8,523 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 33331, FL
23,016
Population
7,898
Households
2.9
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
1,951
Density / Sq Mi
$142,464
Median Household Income
$65,954
Median Earnings
$2,849
Median Rent
$666,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite in a prestigious Weston building with ample parking and a recently remodeled conference room seating 12+.
Where is this office units located?
The property is located at 106-2893 Executive Park Dr Weston, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 240 SF office suite in a prestigious Weston office building; Grand entry building with marble floors; Ample on‑site parking
