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    Second-Generation Medical Office Suites Title is generated by Realmo AI

    1930 NE 47th St, Fort Lauderdale, FL 33308

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    Second-floor medical suites on the Holy Cross Hospital campus offer an established healthcare setting with turnkey services.

    Type:Office
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:07 am

    Property Features for 1930 NE 47th St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1968

    Properties For Sale

    at 1930 NE 47th St Contact us

    We can help!

    Listing Contact
    Jonathan Thiel

    Listing agent Jonathan Thiel

    Listing office Berger Commercial Realty Corp - Fort Lauderdale

    Listing date Jun 2, 2026

    Source Bergercommercial

    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 Berger Commercial Realty Corp - Fort Lauderdale

    HighLights

    • Three second‑generation medical suites available for lease on the Holy Cross Hospital campus
    • Second floor can be leased in its entirety
    • Gross lease rate includes electric and janitorial services
    • Located on US‑1 and Commercial Blvd, minutes from I‑95 (A1A) and Florida Turnpike
    • Within steps of the Holy Cross Hospital entrance

    Overview

    This property presents a rare opportunity to lease second-generation medical office space, with three suites currently available. All available spaces are located on the second floor and are positioned within a healthcare-oriented facility, making them well suited for medical users seeking a ready-built environment.

    The location benefits from immediate walkability to the Holy Cross Hospital entrance, placing the suites on the hospital campus for convenient patient and staff access. The site is strategically situated near US-1 and Commercial Blvd, with multiple major routes nearby, including I-95/A1A and the Florida Turnpike. The surrounding area also provides a practical mix of everyday amenities such as restaurants, shopping, banks, hotels, and public transportation.

    For healthcare operators, the campus setting can support continuity and visibility for clinical services, while the availability of multiple suites allows for flexible occupancy planning. For larger needs, the entire second floor can be made available for lease. The gross lease structure includes electric and janitorial services, simplifying monthly operating responsibilities for qualified tenants.
    Location Intelligence

    Current Use by Public Records

    Mata Fernando MD Physician Kos James MD Physician Dr. Philip Zilo, ... Physician Douglas Whitmore Physician Semaan Georges Whitmore ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1201987
    Latitude
    26.1848959

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    FAQs

    What type of property is this?
    Medical center - Second-floor medical suites on the Holy Cross Hospital campus offer an established healthcare setting with turnkey services.
    Where is this medical center located?
    The property is located at 1930 NE 47th St Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Three second‑generation medical suites available for lease on the Holy Cross Hospital campus; Second floor can be leased in its entirety; Gross lease rate includes electric and janitorial services
    (954) 358-0900
    We can help!
    Listing Contact
    Jonathan Thiel
    Learn More
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    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.

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