Condo-Style Medical Office
124-2331 N State Road 7 Lauderdale Lakes, FL 33317
For Sale
$149,900
757 SF condo unit with three private offices, open central area, and private restroom in a well-maintained plaza.
Property Size757 SF
Price / SF$198.02
Days on Market46
Property Features for 124-2331 N State Road 7
General Information
- Standard status
- Active
- Size
- 757 SF
Listing Agency:
Current Capital Realty
(781) 367-1454
Listed By:
Caio Martin · License #A11976970
(781) 367-1454
Source:
Exprealty
Added: Jun 9
Changed: Jul 24
Last Checked: Jul 24 at 3:00AM
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 Current Capital Realty
Investment Insights
Based on property information with market context.
Condo-style commercial unit offering 757 SF of office space with a functional layout that includes three private office rooms, an open central area, and a private restroom. The unit is suited for professional and service-based uses as permitted by CG (Commercial General) zoning and subject to city approval.
The unit provides direct access with storefront exposure, positioned within a well-maintained condo-style plaza along N State Road 7. It sits on a major commercial corridor with strong daily traffic and convenient access to surrounding neighborhoods and main roadways.
An HOA is in place, helping support a low-maintenance ownership setup for an owner-user or small business looking to control occupancy costs rather than leasing.
The unit provides direct access with storefront exposure, positioned within a well-maintained condo-style plaza along N State Road 7. It sits on a major commercial corridor with strong daily traffic and convenient access to surrounding neighborhoods and main roadways.
An HOA is in place, helping support a low-maintenance ownership setup for an owner-user or small business looking to control occupancy costs rather than leasing.
Key Highlights
- 757 SF commercial condominium unit in a well‑maintained condo‑style plaza on N State Road 7, Lauderhill
- CG (Commercial General) zoning and a functional layout with three private office spaces plus an open central area
- Includes a private restroom for the unit
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 | $18.2k | $24.00 |
| − Vacancy | −$1.5k | −$2.04 |
| EGI | $16.6k | $21.96 |
| − OpEx | −$6.6k | −$8.78 |
| NOI | $10.0k | $13.18 |
757 SF · lease $24.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$286.6K
$250.8K – $334.4K
NOI $20,064 @ 7.0% cap · market cap 13.38%
Second Best
Healthcare Medical
$142.5K
$124.7K – $166.2K
NOI $9,974 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$384.1K
$336.1K – $448.1K
NOI $26,884 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 757 SF condo unit with three private offices, open central area, and private restroom in a well-maintained plaza.
Where is this office units located?
The property is located at 124-2331 N State Road 7 Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 757 SF commercial condominium unit in a well‑maintained condo‑style plaza on N State Road 7, Lauderhill; CG (Commercial General) zoning and a functional layout with three private office spaces plus an open central area; Includes a private restroom for the unit
