Freestanding Medical Office
For Sale
$1,750,000
1565 N Park Drive 104, Weston, FL 33326
Freestanding office building with five individually suited spaces, currently leased with office and light medical tenants.
Property Size5,486 SF
Price / SF$318.99
Days on Market116
Property Features for 1565 N Park Drive 104
General Information
Standard status
Active
Size
5,486 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
5
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
Box Real Estate LLC
Listed By:
Jason Chamely · License #3180591
(954) 857-1884
Source:
Mymiahomes
Added: Jun 16
Changed: Sep 18
Last Checked: Oct 7 at 3:47PM
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 Box Real Estate LLC
Investment Insights
Based on property information with market context.
This freestanding office building totals 5,486 square feet and is part of the Intercontinental Professional Center in Weston. Building 1565 is divided into five individual suites that share a common entry and common bathroom facilities, creating an efficient layout for both professional and light medical use. Suite sizes range from 700 to 1,225 square feet, supporting a mix of tenant requirements within a single controlled building footprint.
The property sits within a campus setting that includes a courtyard area with fountains, along with ample parking and lush landscaping. The campus is approximately 1.3 miles from I-75 and about 1.5 miles from the Cleveland Clinic campus, placing the building within a convenient drive of major destinations and local retail and dining.
For tenants or buyers seeking an operating property, this building is currently 100% occupied with mixed office and light medical uses. The shared entry and bathroom configuration may simplify occupancy for end users looking for dedicated suite space within a professional campus environment that already supports multiple businesses.
The property sits within a campus setting that includes a courtyard area with fountains, along with ample parking and lush landscaping. The campus is approximately 1.3 miles from I-75 and about 1.5 miles from the Cleveland Clinic campus, placing the building within a convenient drive of major destinations and local retail and dining.
For tenants or buyers seeking an operating property, this building is currently 100% occupied with mixed office and light medical uses. The shared entry and bathroom configuration may simplify occupancy for end users looking for dedicated suite space within a professional campus environment that already supports multiple businesses.
Key Highlights
- 5,486 SF freestanding office building in Intercontinental Professional Center (Weston)
- 1565 divided into 5 individual suites with a shared common entry and bathrooms
- Suites range from 700 SF to 1,225 SF, currently 100% occupied with office and light medical tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,406
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,120
$2.9M
Cap Rate 7%
$2,077,229
$2.1M
Cap Rate 9%
$1,615,622
$1.6M
Market Conditions
NOI Build-Up for 5,486 SF
Gross rent
$250.2K $45.60/SF
− Vacancy
−$56.3K −$10.26/SF
EGI
$193.9K $35.34/SF
− OpEx
−$48.5K −$8.84/SF
NOI
$145.4K $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 Rate 5%
$2,908,120
Cap Rate 7%
$2,077,229
Cap Rate 9%
$1,615,622
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,406 @ 7.0% cap · market cap 8.31%
Second Best
Healthcare Medical
$1.03M
$903.6K – $1.20M
NOI $72,284 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,830 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 33326, FL
33,978
Population
12,679
Households
2.7
Avg Household Size
41
Median Age
58%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
4,719
Density / Sq Mi
$113,935
Median Household Income
$53,634
Median Earnings
$2,381
Median Rent
$529,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Freestanding office building with five individually suited spaces, currently leased with office and light medical tenants.
Where is this office units located?
The property is located at 1565 N Park Drive 104 Weston, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,486 SF freestanding office building in Intercontinental Professional Center (Weston); 1565 divided into 5 individual suites with a shared common entry and bathrooms; Suites range from 700 SF to 1,225 SF, currently 100% occupied with office and light medical tenants
