Two-Building Office
For Sale
$10,699,000
1455 N Park Dr, Weston, FL 33326
Commercial Sale, Weston, FL
Property Size31,904 SF
Lot Size2.24 Acres
Price / SF$335.35
Days on Market109
Property Features for 1455 N Park Dr
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Assigned, Guest
Subdivision
3890
Standard status
Active
APN
504017020057
Lot size
2.24 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
PARK OF COMMERCE 110-15 B A PORTION OF LOTS 2 & 3 BLK 2 DESC'D AS: COMM SW CORNER SAID LOT 2 NE 83, NW 239.67, TO POB, NW 9.33,NW 138.26, SE
Tax Annual Amount
54929
Legal Description
PARK OF COMMERCE 110-15 B A PORTION OF LOTS 2 & 3 BLK 2 DESC'D AS: COMM SW CORNER SAID LOT 2 NE 83, NW 239.67, TO POB, NW 9.33,NW 138.26, SE
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
private offices
bullpens
semi private offices
conference rooms
bathrooms
kitchen facilities
Building Details
Year built
1993
Floors in Building
2
Building materials
Block
Listing Agency:
BHHS EWM Realty
(305) 674-4000
Listed By:
Kenneth Raymond · License #0613345
(786) 443-9649
Added: Jun 6
Changed: Sep 12
Last Checked: Sep 22 at 8:06PM
MLS# A11156410
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property comprises two separate two-story buildings constructed in 1993. The North Building contains approximately 10,817 square feet, while the South Building contains approximately 21,087 square feet. Interior layouts include private offices, bullpen areas, semi-private offices, conference rooms, bathrooms, and kitchen facilities. The buildings are constructed with block materials and share parking with assigned and guest spaces. Heating is electric with central systems, and cooling is provided by central air.
The property occupies approximately 2.239 acres at 1455 N Park Dr in Weston, Florida, and is situated on a lake. The setting provides access to shopping, restaurants, highways, and Weston Rd. The property is located in Broward County and carries a 33326 postal code.
The property occupies approximately 2.239 acres at 1455 N Park Dr in Weston, Florida, and is situated on a lake. The setting provides access to shopping, restaurants, highways, and Weston Rd. The property is located in Broward County and carries a 33326 postal code.
Key Highlights
- Two separate two‑story office buildings totaling approximately 31,904 square feet
- North Building measures approximately 10,817 square feet
- South Building measures approximately 21,087 square feet
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
$845,616
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
7.90%
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%
$16,912,320
$16.9M
Cap Rate 7%
$12,080,229
$12.1M
Cap Rate 9%
$9,395,733
$9.4M
Market Conditions
NOI Build-Up for 31,904 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
$1.45M $45.60/SF
− Vacancy
−$327.3K −$10.26/SF
EGI
$1.13M $35.34/SF
− OpEx
−$281.9K −$8.84/SF
NOI
$845.6K $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%
$16,912,320
Cap Rate 7%
$12,080,229
Cap Rate 9%
$9,395,733
Alternative Uses
Best Use
Office B
$12.08M
$10.57M – $14.09M
NOI $845,616 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.19M
$14.16M – $18.88M
NOI $1,133,037 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-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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Cap Rate, Value Estimation, Potential NOI and more
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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 building - Office campus with private work areas, shared parking, conference rooms, kitchens, and lake setting in Weston.
Where is this office building located?
The property is located at 1455 N Park Dr Weston, FL.
What is the asking price?
The asking price for this property is $10,699,000.
What are key features of this property?
This property features: Two separate two‑story office buildings totaling approximately 31,904 square feet; North Building measures approximately 10,817 square feet; South Building measures approximately 21,087 square feet
