17190 Royal Palm Boulevard #3, Weston, FL 33326

Building Details

Year Built 2000 More

Stories 1 More

Listing Agency: KoRes Realty m***@korescorp.com Show Phone

Listed By: Carilin M Frau · License #3210128 Show Phone

Source: Lehmannflorida

Added: Nov 1 Changed: Nov 6 Last Checked: Nov 6 at 10:28AM

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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 KoRes Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Suite 3 offers 1,635 square feet within a professional campus of ten detached, single-level buildings. Covered building entries, parking, building and monument signs, and maintained tropical landscaping are among the campus features. The property was built in 2000, and the campus includes medical practices as well as Cleveland Clinic.

The property is located at 17190 Royal Palm Boulevard in Weston, with access to I-75, I-595, and the Sawgrass Expressway. Its surroundings include an established healthcare presence.

Key Highlights

• 1,635‑square‑foot Suite 3
• Campus comprises ten detached, single‑story buildings
• On‑site parking, covered building entries, and building and monument signage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,543

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,860 $430.9K

Cap Rate 7%

$307,757 $307.8K

Cap Rate 9%

$239,367 $239.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,635 SF

Gross rent

$39.2K $24.00/SF

− Vacancy

−$3.3K −$2.04/SF

EGI

$35.9K $21.96/SF

− OpEx

−$14.4K −$8.78/SF

NOI

$21.5K $13.18/SF

Area

Broward County, FL

Vacancy

8.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,860

Cap Rate 7%

$307,757

Cap Rate 9%

$239,367

Alternative Uses

Best Use

Office B

$619.1K

$541.7K – $722.3K (±1% cap)

NOI $43,336 @ 7.0% cap · market cap 577.81%

Second Best

Healthcare Medical

$307.8K

$269.3K – $359.1K (±1% cap)

NOI $21,543 @ 7.0% cap · market cap 287.24%

Theoretical Best

Office A

$829.5K

$725.8K – $967.8K (±1% cap)

NOI $58,065 @ 7.0% cap · market cap 774.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store Bakery Tattoo & Piercing Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,033

Businesses Nearby

Well-served

Demand for This Use

Explore this area 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

Market

Average Price Trend$/SF for Medical Office Space in Broward County, FL

$304 Jul

$309 Aug

$342 Sep

$293 Oct

Properties on Market for Medical Office Space in Broward County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - The suite is part of a healthcare-focused campus with covered entries, parking, and property signage.

Where is this medical office space located?

The property is located at 17190 Royal Palm Boulevard #3 Weston, FL.

What are key features of this property?

This property features: 1,635‑square‑foot Suite 3; Campus comprises ten detached, single‑story buildings; On‑site parking, covered building entries, and building and monument signage