Medical Office Mixed-Use Corner
For Sale
Contact for pricing
1500 East Broward Boulevard, Fort Lauderdale, FL 33301
Two one-story office buildings with residential units on a signalized corner with direct boulevard frontage and 19 parking spaces.
Property Size4,871 SF
Price / SF$687.74
Days on Market71
Property Features for 1500 East Broward Boulevard
General Information
Standard status
Active
Size
4,871 SF
Class
B
Total Parking Spaces
19
Property subtype
Multifamily, Office, Mixed Use
Zoning
RAC-UV
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1953
Year Renovated
2025
Buildings
2
Units
2
Tenancy
Multi
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Alan Kaye · License #FL
Source:
Crexi
Added: Jun 9
Changed: Aug 14
Last Checked: Aug 18 at 5:34AM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
1500 E. Broward Boulevard is a professionally maintained, mixed-use property featuring two one-story office buildings plus a residential component. The CBS-constructed buildings were originally built in 1960 and renovated over time, and both office spaces feature flexible layouts suitable for a range of professional and medical uses. The north building is occupied by an orthodontic practice, while the west building is described as a former dental office. The property also includes two income-producing residential units and 19 on-site parking spaces, served by multiple points of ingress and egress.
The site sits on a signalized corner with direct frontage on E. Broward Boulevard and SE 15th Avenue, supporting convenient access to nearby business and thoroughfares, including Las Olas Boulevard, Downtown Fort Lauderdale, and Federal Highway. The property is described as having approximately 30,000 vehicles passing daily, providing strong exposure from the surrounding roadway network.
With both office spaces currently leased on a short-term basis, the property can be an option for an owner-user seeking medical or professional space while retaining rental income from the residential units. The combination of street-facing presence, parking, and multi-use configuration supports users and investors looking for a maintained property that may accommodate medical, professional, legal, financial, or consulting operations within a mixed-use footprint.
The site sits on a signalized corner with direct frontage on E. Broward Boulevard and SE 15th Avenue, supporting convenient access to nearby business and thoroughfares, including Las Olas Boulevard, Downtown Fort Lauderdale, and Federal Highway. The property is described as having approximately 30,000 vehicles passing daily, providing strong exposure from the surrounding roadway network.
With both office spaces currently leased on a short-term basis, the property can be an option for an owner-user seeking medical or professional space while retaining rental income from the residential units. The combination of street-facing presence, parking, and multi-use configuration supports users and investors looking for a maintained property that may accommodate medical, professional, legal, financial, or consulting operations within a mixed-use footprint.
Key Highlights
- 0.30‑acre signalized corner with direct frontage on E. Broward Boulevard and SE 15th Avenue
- Two one‑story office buildings plus two income‑producing residential units
- 19 on‑site parking spaces with multiple points of ingress and egress
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
$139,934
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
4.18%
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%
$2,798,680
$2.8M
Cap Rate 7%
$1,999,057
$2.0M
Cap Rate 9%
$1,554,822
$1.6M
Market Conditions
NOI Build-Up for 4,871 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
$222.1K $45.60/SF
− Vacancy
−$35.5K −$7.30/SF
EGI
$186.6K $38.30/SF
− OpEx
−$46.6K −$9.58/SF
NOI
$139.9K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
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%
$2,798,680
Cap Rate 7%
$1,999,057
Cap Rate 9%
$1,554,822
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,934 @ 7.0% cap · market cap 4.18%
Second Best
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,199 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,132 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,999
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two one-story office buildings with residential units on a signalized corner with direct boulevard frontage and 19 parking spaces.
Where is this medical office space located?
The property is located at 1500 East Broward Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 0.30‑acre signalized corner with direct frontage on E. Broward Boulevard and SE 15th Avenue; Two one‑story office buildings plus two income‑producing residential units; 19 on‑site parking spaces with multiple points of ingress and egress
