Shared Medical Office
1601 N Palm Avenue #101, Pembroke Pines, FL 33026
For Sale
Contact for pricing
Flexible lease terms and included utilities support a shared professional setting for medical practices.
Property Size2,686 SF
Price / SF$1.12
Days on Market57
Property Features for 1601 N Palm Avenue #101
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Better Homes & Gdns RE Fla 1st
(954) 525-2200
Listed By:
Michael Anticoli · License #3609078
(570) 499-9818
Source:
Wycliffecommunityrealty
Added: Sep 11
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Better Homes & Gdns RE Fla 1st
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Investment Insights
Based on property information with market context.
This shared medical office property at 1601 N Palm Avenue #101 in Pembroke Pines was built in 1985. Flexible lease terms are offered, and utilities are included. The building provides convenient access for occupants.
Key Highlights
- Shared workspace designated for medical offices
- Flexible lease terms
- Utilities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,240
$935.2K
Cap Rate 7%
$668,029
$668.0K
Cap Rate 9%
$519,578
$519.6K
Market Conditions
NOI Build-Up for 2,686 SF
Gross rent
$83.8K $31.20/SF
− Vacancy
−$5.9K −$2.18/SF
EGI
$77.9K $29.02/SF
− OpEx
−$31.2K −$11.61/SF
NOI
$46.8K $17.41/SF
Area
Pembroke Pines, FL
Vacancy
7.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,240
Cap Rate 7%
$668,029
Cap Rate 9%
$519,578
Alternative Uses
Best Use
Office B
$754.2K
$660.0K – $879.9K
NOI $52,796 @ 7.0% cap · market cap 1,759.87%
Second Best
Healthcare Medical
$668.0K
$584.5K – $779.4K
NOI $46,762 @ 7.0% cap · market cap 1,558.73%
Theoretical Best
Office A
$1.14M
$998.2K – $1.33M
NOI $79,858 @ 7.0% cap · market cap 2,661.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33026, FL
30,510
Population
12,434
Households
2.5
Avg Household Size
44
Median Age
39%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
6,633
Density / Sq Mi
$87,149
Median Household Income
$48,852
Median Earnings
$1,932
Median Rent
$382,700
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Broward County, FL
Properties on Market for Medical Office Space in Broward County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- David Bieber, DVM — 12109 Sheridan St, Hollywood, FL 33026
- just paws animal hospital — 11091 Sheridan St, Hollywood, FL 33026
- Drs. Stacey and John Eccher, VMD — 11091 Sheridan St, Hollywood, FL 33026
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible lease terms and included utilities support a shared professional setting for medical practices.
Where is this medical office space located?
The property is located at 1601 N Palm Avenue #101 Pembroke Pines, FL.
What are key features of this property?
This property features: Shared workspace designated for medical offices; Flexible lease terms; Utilities included
