Medical Office Mixed-Use Corner
1500 East Broward Boulevard Fort Lauderdale, FL 33301
1500 East Broward Boulevard, Fort Lauderdale, FL, 33301
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For Sale
Contact for pricing
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 Market40
Property Features for 1500 East Broward Boulevard
General Information
- Standard status
- Active
- Size
- 4,871 SF
- Property subtype
- Multifamily, Office, Mixed Use
Building Details
- Year Built
- 1953
Listing Agency
Transworld Commercial Real Estate
Listed by
Alan Kaye · License #FL
Source
Crexi
Added: Jun 9 Checked: Jul 17 at 9:45 am
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.1k | $45.60 |
| − Vacancy | −$35.5k | −$7.30 |
| EGI | $186.6k | $38.30 |
| − OpEx | −$46.6k | −$9.58 |
| NOI | $139.9k | $28.73 |
4,871 SF · lease $45.60/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Accel Medical Advisors
Physician
Robert Elliott Quesada
Dental Office
First Impressions Smile ...
Dental Office
Robert Quesada, DMD
Dental Office
United States Pilates ...
Gym & Fitness Center
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FAQs
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
