Weston Commercial Property on
1455 N Park Dr Weston, FL 33326
1455 N Park Dr, Weston, FL, 33326
$10,699,000
For Sale
$10,699,000
Two-building office property in Weston, Florida, near amenities.
Property Size21,087 SF
Lot Size2.24 Acres
Price / SF$507.37
Days on Market134
Property Features for 1455 N Park Dr
General Information
- Standard status
- Active
- Size
- 21,087 SF
- Lot size
- 2.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1993
Listing agency
BHHS EWM Realty
(786) 443-9649
Listed by
Kenneth Raymond · License #0613345
(786) 443-9649
Source
Elliman
Added: Mar 10 Updated: Jul 6 at 10:37AM Checked: Jul 21 at 5:00AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This commercial property in Weston, Florida, presents a rare opportunity for purchase. The location is considered prime, situated on a lake and in proximity to shopping, restaurants, highways, and Weston Road. The property includes two separate two-story office buildings. The North Building is approximately 10,817 square feet, and the South Building is approximately 21,087 square feet. The lot size is approximately 97,531 square feet. Both buildings feature private offices, bullpens, semi-private offices, conference rooms, bathrooms, and kitchen facilities. The buildings share parking. The current tenant's lease expires in March 2024 and is NNN.
Key Highlights
- Prime location in Weston, Florida, on a lake and close to shopping, restaurants, highways, and Weston Rd.
- Two separate office buildings: North Building (approx. 10,817 sqft) and South Building (approx. 21,087 sqft).
- Large lot size: approximately 97,531 sqft.
Local Financial Insights For Office B
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 | $961.6k | $45.60 |
| − Vacancy | −$216.4k | −$10.26 |
| EGI | $745.2k | $35.34 |
| − OpEx | −$186.3k | −$8.84 |
| NOI | $558.9k | $26.51 |
21,087 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.98M
$6.99M – $9.32M
NOI $558,911 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.70M
$9.36M – $12.48M
NOI $748,883 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-building office property in Weston, Florida, near amenities.
Where is this office building located?
The property is located at 1455 N Park Dr Weston, FL.
What is the asking price?
The asking price for this property is $10,699,000.
What are key features of this property?
This property features: Prime location in Weston, Florida, on a lake and close to shopping, restaurants, highways, and Weston Rd.; Two separate office buildings: North Building (approx. 10,817 sqft) and South Building (approx. 21,087 sqft).; Large lot size: approximately 97,531 sqft.
