Flexible-Layout Office
For Sale
Contact for pricing
229-2950 Nw 62nd St, Fort Lauderdale, FL 33334
The suite features an open plan, natural light, and access to shared building amenities.
Property Size688 SF
Price / SF$2.83
Days on Market20
Property Features for 229-2950 Nw 62nd St
General Information
Standard status
Active
Size
688 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$146,979
Amenities
24/7 access
Listing Agency:
MovinMIA, LLC
Listed By:
Cristina Santana · License #A12084769
(786) 797-7703
Source:
Exprealty
Added: Oct 1
Changed: Oct 19
Last Checked: Oct 19 at 2:44PM
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 MovinMIA, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 688-square-foot professional office suite has an open, adaptable layout and natural light. It is located in a full-service building with shared amenities and maintenance services.
Tenants have 24/7 building access and use of ample parking. The property is near major highways.
Tenants have 24/7 building access and use of ample parking. The property is near major highways.
Key Highlights
- 688SF professional office suite
- Open layout with natural light
- 24/7 access and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,765
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,300
$395.3K
Cap Rate 7%
$282,357
$282.4K
Cap Rate 9%
$219,611
$219.6K
Market Conditions
NOI Build-Up for 688 SF
Gross rent
$31.4K $45.60/SF
− Vacancy
−$5.0K −$7.30/SF
EGI
$26.4K $38.30/SF
− OpEx
−$6.6K −$9.58/SF
NOI
$19.8K $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%
$395,300
Cap Rate 7%
$282,357
Cap Rate 9%
$219,611
Alternative Uses
Best Use
Office B
$282.4K
$247.1K – $329.4K
NOI $19,765 @ 7.0% cap · market cap 1,013.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.3K
$404.6K – $539.4K
NOI $32,364 @ 7.0% cap · market cap 1,659.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,597
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office unit - The suite features an open plan, natural light, and access to shared building amenities.
Where is this office unit located?
The property is located at 229-2950 Nw 62nd St Fort Lauderdale, FL.
What are key features of this property?
This property features: 688SF professional office suite; Open layout with natural light; 24/7 access and ample parking
