Technical
Financial
Distress signals
Property profile

2229 Commerce Pkwy Weston, FL 33326

OFF-MARKET
Office buildings
Property ID
US18-3737311
32,559 SF 3.08 ac lot Built 1999
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story, 30,100 square foot Class B medical office building is situated on a 3.08-acre lot in the thriving city of Weston, Florida. Built in 1999, the property boasts a single building with multiple tenants, offering a diverse and established medical presence. Currently, the building houses a dynamic mix of medical professionals, including a surgery center, imaging group, physical therapy practice, and dermatology clinic, demonstrating strong tenant demand and a stable occupancy rate. The building features convenient amenities such as elevators. One suite of 1,600 square feet is currently available, presenting a unique opportunity for expansion or relocation within a well-established medical community. The property's location at 2229 N Commerce Pkwy, Weston, FL 33326, provides excellent visibility and accessibility within Broward County. This is an ideal investment for medical professionals seeking a turnkey operation in a high-demand area. The property's strong tenant mix and established presence make it a compelling opportunity for long-term growth and return. The available suite provides immediate occupancy potential for a variety of medical practices.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1999
Construction CONCRETE
Total area 32,559 SF
Lot 3.08 ac (134,288 SF)
Zoning code O-1
APN 50-40-17-02-0371
UPID US18-3737311

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic Skin Care Clinic
  • Physician
  • Pediatrician Medical Clinic
  • Medical Clinic
  • Physician

Location

2229 Commerce Pkwy Weston, FL 33326-3282
Weston metro Census 70312 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$11.67M
CAP Approach CAP
$15.35M
Comparable Approach Comparable
$17.20M
Blend (final) Blend
$21.98M

Owner & transaction history

since 2022
Last sale
$17.2M
7 recorded transactions
2022
Price N/A
2021
$17.2M
2021
$745,400
2017
$11.5M
2016
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

O-1 · Weston, FL
Zoning description

O-1 Office (§ 124.16 (B)) Commercial Districts C-1 Commercial (§ 124.16 (C)) Industrial District I-1 Industrial (§ 124.16 (A)) Specialized Use Districts GC Golf Course (§ 124.19 ) MU Municipal Use (§ 124.20 ) PECD Planne…

General category UNKNOWN
Top alternative use upside
Restaurant $27.8M +80.4%
Auto repair, garage $26.4M +71.2%
Neighborhood: shopping center $24.5M +58.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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