Multi-Parcel Medical Office
1212 S Andrews Ave Fort Lauderdale, FL 33316
New
For Sale
Contact for pricing
Seven-parcel office portfolio with five buildings totaling 17,489 RSF along Andrews Avenue.
Property Size17,489 SF
Price / SF$300.19
Days on Market6
Property Features for 1212 S Andrews Ave
General Information
- Standard status
- Active
- Size
- 17,489 SF
- Property subtype
- Office, Land
Building Details
- Year Built
- 1950
Listing Agency:
Franklin Street
Listed By:
Dylan Morse · License #SL3500133
Source:
Crexi
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 1:30PM
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 Franklin Street
Investment Insights
Based on property information with market context.
Tarpon Village is a multi-parcel medical and professional office investment featuring seven parcels and five buildings totaling 17,489 RSF. The property provides covered land and an in-place income base, with tenants operating under short-term gross leases at below-market rents as described in the seller’s remarks.
The tenancy is anchored by Holy Cross, occupying approximately 3,200 SF, and Sharpe Project Developments, which has operated from the property for more than 20 years and occupies 4,989 SF.
In addition to current operations, the property is positioned for long-term redevelopment. A proposed 107-unit residential concept has been studied across the site, and substantial preliminary redevelopment work has been completed, though the project is not currently entitled. The asset is located along Andrews Avenue in Fort Lauderdale, near Downtown Fort Lauderdale, Las Olas, and Flagler Village, per the provided remarks.
The tenancy is anchored by Holy Cross, occupying approximately 3,200 SF, and Sharpe Project Developments, which has operated from the property for more than 20 years and occupies 4,989 SF.
In addition to current operations, the property is positioned for long-term redevelopment. A proposed 107-unit residential concept has been studied across the site, and substantial preliminary redevelopment work has been completed, though the project is not currently entitled. The asset is located along Andrews Avenue in Fort Lauderdale, near Downtown Fort Lauderdale, Las Olas, and Flagler Village, per the provided remarks.
Key Highlights
- Seven‑parcel office portfolio along Andrews Avenue in Fort Lauderdale
- 5 buildings totaling 17,489 RSF
- Approx. 1.19 acres total land across the seven parcels
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $419.7k | $24.00 |
| − Vacancy | −$27.3k | −$1.56 |
| EGI | $392.5k | $22.44 |
| − OpEx | −$157.0k | −$8.98 |
| NOI | $235.5k | $13.46 |
17,489 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$7.18M
$6.28M – $8.37M
NOI $502,424 @ 7.0% cap · market cap 9.57%
Second Best
Healthcare Medical
$3.36M
$2.94M – $3.92M
NOI $235,472 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$11.75M
$10.28M – $13.71M
NOI $822,683 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hive
(Bike/Boat/Book/etc) Store
George Ransford
Pediatrician
Pediatrix Gastroenterology of Florida| ...
Pediatrician
Pediatrix Neurology of South ...
Physician
Sds
Corporate Office
FAQs
What type of property is this?
Office building - Seven-parcel office portfolio with five buildings totaling 17,489 RSF along Andrews Avenue.
Where is this office building located?
The property is located at 1212 S Andrews Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Seven‑parcel office portfolio along Andrews Avenue in Fort Lauderdale; 5 buildings totaling 17,489 RSF; Approx. 1.19 acres total land across the seven parcels
