Office/Medical Corner
For Sale
$2,825,000
1800 26th Street, Wilton Manors, FL 33305
Office/medical building with open workspace layout, ample parking, and 41' of water frontage.
Property Size4,777 SF
Price / SF$591.38
Days on Market860
Property Features for 1800 26th Street
General Information
Standard status
Active
Size
4,777 SF
Property subtype
General Commercial
Lease Type
NNN
Additional Details
Flexible Term
Yes
Taxes and HOA fees
Annual Taxes
$23,991
Amenities
Electric
3
Water Access.
Canal Access.
Building Details
Year Built
1965
Year Renovated
2023
Stories
1
Listing Agency:
Intracoastal Realty Group, Inc
(561) 922-0388
Listed By:
Vincent Vigliotti · License #3238539
(561) 350-7261
Source:
Xome
Added: May 1, 2024
Changed: Sep 2
Last Checked: Sep 6 at 5:24AM
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 Intracoastal Realty Group, Inc
Investment Insights
Based on property information with market context.
This office/medical building offers 4,777 square feet of interior space with a versatile layout that includes open work areas designed for collaboration. The property sits on a large corner lot and is supported by ample parking.
The building’s exterior features include a new metal roof installed in 2023, along with impact windows and doors. The site also provides 41 feet of water frontage.
For buyers evaluating occupancy or redevelopment options, the improvements and functional open-plan configuration support a range of professional uses consistent with the property’s office/medical positioning. The property is also listed for lease (RX-11023016), and the owner will consider a lease with option to buy.
The building’s exterior features include a new metal roof installed in 2023, along with impact windows and doors. The site also provides 41 feet of water frontage.
For buyers evaluating occupancy or redevelopment options, the improvements and functional open-plan configuration support a range of professional uses consistent with the property’s office/medical positioning. The property is also listed for lease (RX-11023016), and the owner will consider a lease with option to buy.
Key Highlights
- 4,777 SF office/medical building on a large corner lot with open workspace layout
- 41' water frontage with water access and canal access
- Ample parking available on site
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
$126,614
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
4.48%
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%
$2,532,280
$2.5M
Cap Rate 7%
$1,808,771
$1.8M
Cap Rate 9%
$1,406,822
$1.4M
Market Conditions
NOI Build-Up for 4,777 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
$217.8K $45.60/SF
− Vacancy
−$49.0K −$10.26/SF
EGI
$168.8K $35.34/SF
− OpEx
−$42.2K −$8.84/SF
NOI
$126.6K $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%
$2,532,280
Cap Rate 7%
$1,808,771
Cap Rate 9%
$1,406,822
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,614 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$899.2K
$786.8K – $1.05M
NOI $62,942 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,650 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
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 building - Office/medical building with open workspace layout, ample parking, and 41' of water frontage.
Where is this office building located?
The property is located at 1800 26th Street Wilton Manors, FL.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: 4,777 SF office/medical building on a large corner lot with open workspace layout; 41' water frontage with water access and canal access; Ample parking available on site
