Building Details

Building Size 5,486 SF

Year Built 2000

Buildings 1

Tenancy Multi

Abandoned No

Listing Agency: Box Real Estate LLC

Listed By: Jason Chamely · License #3180591 Show Phone

Source: Relinkre

Added: Apr 25, 2025 Changed: Oct 13 Last Checked: Oct 23 at 3:55PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,486-square-foot freestanding office building contains five separately configured suites, with shared access and common bathrooms. Suite sizes range from 700 square feet to 1,225 square feet, supporting a mix of office and light medical occupancy. The property is currently 100% occupied and was built in 2000.

Located within the Intercontinental Professional Center, the building is one of six on the campus. Shared campus amenities include a landscaped courtyard with fountains and ample parking. The property is 1.3 miles from I-75, 1.5 miles from the Cleveland Clinic campus, and near restaurants and shops.

Key Highlights

• 5,486‑square‑foot freestanding office building
• Five suites ranging from 700 square feet to 1,225 square feet
• Currently 100% occupied with mixed office and light medical use

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

Is this asking price fair?

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 (±1% cap)

NOI $145,406 @ 7.0% cap · market cap 8.31%

Second Best

Healthcare Medical

$1.03M

$903.6K – $1.20M (±1% cap)

NOI $72,284 @ 7.0% cap · market cap 4.13%

Theoretical Best

Office A

$2.78M

$2.44M – $3.25M (±1% cap)

NOI $194,830 @ 7.0% cap · market cap 11.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store Parking Lot & Garage Storage Facility Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Office units

100%

Occupancy

Multi-tenant

Tenancy

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Medical Office Suite with Waiting Area

2237 N Commerce Parkway Unit 3, Weston, FL 33326

Contact for pricing

5,000 SF

View details

Medical Office Suite With X-Ray Room

2751 Executive Park Drive, #202, Weston, FL 33331

$599,900

View details

Third-Floor Professional Office Unit

1655 N Commerce Pkwy Unit 301, Weston, FL 33326

Contact for pricing

1,852 SF

View details

Weston Commercial Property on Lake

1455 N Park Dr, Weston, FL 33326

$10,699,000

31,904 SF

View details

Remodeled and Fully Furnished Office Unit

2893 Executive Park Dr 302, Weston, FL 33331

$398,000

600 SF

View details

Weston Executive Suite with Lake View

17100 Royal Palm Boulevard Unit 5, Weston, FL 33326

Contact for pricing

1,400 SF

View details

Weston Co-working Private Office

1820 N Corporate Lakes Blvd 206-7, Weston, FL 33326

Contact for pricing

0.28 Acres

View details

Executive Suites with Modern Amenities

1555 Bonaventure Blvd 2010, Weston, FL 33326

Contact for pricing

1.00 Acre

View details

Furnished Spa & Wellness Space

1730 Main St 210, Weston, FL 33326

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Office building - Fully occupied office property with mixed office and light medical use.

Where is this office building 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‑square‑foot freestanding office building; Five suites ranging from 700 square feet to 1,225 square feet; Currently 100% occupied with mixed office and light medical use