Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2151 E Commercial Blvd Fort Lauderdale, FL 33308

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story medical office building on Commercial Boulevard, 100% leased.

    We can help!

    Listing Contact
    Jonathan Thiel
    Source: Corfac

    Listing Agency: Berger Commercial Realty Corp - Fort Lauderdale Listing Agent: Jonathan Thiel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fort Lauderdale Medical Office Building

    The property, also known as the Saban Building, is a two-story, suburban-style, multi-tenant medical office building featuring approximately 23,000 rentable square feet. Situated on approximately 0.52 acres, the property fronts East Commercial Boulevard in a Fort Lauderdale sub-market. The property is currently 100% leased to a total of 9 tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Family Place Recovery ... Medical Clinic Schiuma Anthony T ... Physician Signature Prenatal Center Physician Sierra Robotic Hair ... Skin Care Clinic Platinum Lending Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Urban Paws Veterinarian Clinic, 5 Paw Dog Walker Pet Sitter Oakland Park, Pet Medical Center-Ft Lauderdale, Tams Todd DVM, Stewart D L DVM

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1167799
    Latitude
    26.1896045

    Nearby Similar for Sale

    • $479,000
      2,415 SF

      Fort Lauderdale Office/Medical Space

      Two-story corner unit suitable for medical or professional use.
      7800 W Oakland Park Blvd, Fort Lauderdale, FL 33351
      View Details
    • $710,000
      1,108 SF

      Fort Lauderdale Retail/Office Building

      Freestanding retail/office building on Federal Hwy, Fort Lauderdale.
      1200 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $3,200,000
      2.57 Acres

      Medical Office Condo For Sale

      Ground floor suite in Tamarac near HCA Woodmont Hospital.
      7171 N University Dr, Fort Lauderdale, FL 33321
      View Details
    • $1,122,968
      0.09 Acres

      Tamarac Office Condo For Sale

      Office condo ideal for medical or professional use near hospital.
      7777 N University Dr, Fort Lauderdale, FL 33321
      View Details
    • $150,000
      1,600 SF

      Established Restaurant on Federal Hwy

      Turn-key restaurant with high visibility and loyal clientele.
      4350 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $366,330

      Fort Lauderdale Office Space Available

      3,200 SF office space in Fort Lauderdale Beach.
      2455 E Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • $483,000
      1.09 Acres

      Oakland Park Commercial Unit For Sale

      Commercial unit in Oakland Park, close to restaurants and shopping.
      1400 E Oakland Park Blvd, Fort Lauderdale, FL 33334
      View Details
    • $1,250,000
      2,098 SF

      Fort Lauderdale Office Building For Sale

      Free standing office building near downtown and new courthouse.
      1901 SE 4Th Ave, Fort Lauderdale, FL 33316
      View Details
    • $669,000
      3,692 SF

      Fort Lauderdale Income-Producing Fourplex

      Well-kept, fully occupied fourplex with value-add potential.
      3705 SW 13Th Ct, Fort Lauderdale, FL 33312
      View Details
    • $989,000
      2,944 SF

      Remodeled Duplex in Fort Lauderdale

      Fully remodeled duplex in prime East Fort Lauderdale location.
      825 SW 14Th St, Fort Lauderdale, FL 33315
      View Details
    • $750,000
      2,764 SF

      Fort Lauderdale Income Property

      Rare detached duplex near Fort Lauderdale Beach.
      516 SW 15Th St, Fort Lauderdale, FL 33315
      View Details
    • $420,000
      1.09 Acres

      Oakland Park Commercial Property

      Commercial property in Oakland Park, Florida, with excellent location.
      1400 E Oakland Park Blvd, Fort Lauderdale, FL 33334
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office building on Commercial Boulevard, 100% leased.
    Where is this medical office space located?
    The property is located at 2151 E Commercial Blvd Fort Lauderdale, FL.
    What are key features of this property?
    This property features: - 100% leased to 9 tenants, providing immediate income.; - Located on Commercial Boulevard in a prime Fort Lauderdale sub-market.; - Multi-tenant medical office property, ideal for healthcare-related investments.
    (954) 358-0900
    Request Owner's contact information
    2151 E Commercial Blvd Fort Lauderdale, FL 33308
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2151 E Commercial Blvd
    Fort Lauderdale, FL 33308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2151 E Commercial Blvd Fort Lauderdale, FL 33308
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jonathan Thiel
    (954) 358-0900 (954) 652-2020
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!