Freestanding Office Building with Five
1565 N Park Drive # 104, Weston, FL 33326
For Sale
$1,650,000
Fully occupied office property with mixed office and light medical use.
Property Size5,486 SF
Price / SF$300.77
Days on Market565
Property Features for 1565 N Park Drive # 104
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Office Units
Amenities
courtyard
fountains
landscaping
Building Details
Building Size
Year Built
Buildings
Tenancy
Abandoned
Listing Agency:
Box Real Estate LLC
Listed By:
Jason Chamely · License FL #3180591
(954) 857-1884
Source:
Relinkre
Added: Apr 25, 2025
Changed: Nov 9
Last Checked: Nov 8 at 4:08PM
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
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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.
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
$83,985
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,700
$1.7M
Cap Rate 7%
$1,199,786
$1.2M
Cap Rate 9%
$933,167
$933.2K
Market Conditions
NOI Build-Up for 5,486 SF
Gross rent
$148.1K $27.00/SF
− Vacancy
−$8.1K −$1.49/SF
EGI
$140.0K $25.51/SF
− OpEx
−$56.0K −$10.21/SF
NOI
$84.0K $15.31/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,700
Cap Rate 7%
$1,199,786
Cap Rate 9%
$933,167
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.92M
NOI $175,006 @ 7.0% cap · market cap 10.61%
Second Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $83,985 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,830 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
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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
$529,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Broward County, FL
Properties on Market for Office buildings in Broward County
Vacancy Rate% for Office in South region
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 $1,650,000.
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
