Weston Office Space with Lake
For Sale
$699,900
2751 Executive Park Dr 202, Weston, FL 33331
1,250 sq ft office space in Weston, Florida.
Property Size1,249 SF
Price / SF$559.92
Days on Market130
Property Features for 2751 Executive Park Dr 202
General Information
Standard status
Active
Size
1,249 SF
Property subtype
Commercial
Lease Term
1 to 3 years
Taxes and HOA fees
Annual Taxes
$12,628
Building Details
Building Size
1,249 SF
Year Built
2002
Listing Agency:
OCEANICA INTERNATIONAL REALTY
(954) 274-1194
Listed By:
Karina Meza · License #3052867
(954) 274-1194
Source:
Elliman
Added: Apr 24
Changed: Aug 25
Last Checked: Aug 30 at 9:37PM
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 OCEANICA INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This 1,250 sq ft office space is located in Weston, Florida. Situated on the second floor of a modern building with elevator access, the unit includes five private offices, two of which offer a lake view. It also features a reception area, a common area, and a private bathroom. The property is currently leased at $4,360 per month until April 2027, providing rental income with the option for future owner occupancy. Weston is noted for its quality of life, schools, parks, and business community. The location offers convenient access to dining, retail, and recreational amenities. The property has a bike score of 27, indicating it is somewhat bikeable, and a walk score of 5, indicating car dependence.
Key Highlights
- Immediate rental income of $4,360 per month until April 2027.
- Five private offices, including two with lake views.
- Located in Weston, Florida, known for its quality of life, top‑rated schools, and thriving business community.
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
$33,131
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
4.73%
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%
$662,620
$662.6K
Cap Rate 7%
$473,300
$473.3K
Cap Rate 9%
$368,122
$368.1K
Market Conditions
NOI Build-Up for 1,250 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
$57.0K $45.60/SF
− Vacancy
−$12.8K −$10.26/SF
EGI
$44.2K $35.34/SF
− OpEx
−$11.0K −$8.84/SF
NOI
$33.1K $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%
$662,620
Cap Rate 7%
$473,300
Cap Rate 9%
$368,122
Alternative Uses
Best Use
Office B
$473.3K
$414.1K – $552.2K
NOI $33,131 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.2K
$554.9K – $739.9K
NOI $44,392 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,529
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 - 1,250 sq ft office space in Weston, Florida.
Where is this office units located?
The property is located at 2751 Executive Park Dr 202 Weston, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Immediate rental income of $4,360 per month until April 2027.; Five private offices, including **two with lake views**.; Located in Weston, Florida, known for its quality of life, top‑rated schools, and thriving business community.
