Medical Office Mixed-Use Corner
For Sale
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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 Market139
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
Site & Location
Neighborhood
Sbba
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: Oct 25
Last Checked: Oct 24 at 5:14PM
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
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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 / Yr
$139,934
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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
