Move-In Ready Medical Office
For Sale
$265,000
2331 N State Rd 7, Lauderhill, FL
SINGLE_FAMILY - Lauderhill, FL
Property Size1,765 SF
Price / SF$150.14
Days on Market108
Property Features for 2331 N State Rd 7
General Information
Property type
Residential
Property subtype
Office
Zoning
CG
Parking
100
Security features
Security System
Directions
W Commercial Blvd (Exit 62) Take the Turnpike exit for Commercial Blvd.Head East on Commercial Blvd toward State Road 7. Turn Right (South) onto N State Road 7 (US-441). Drive past Commercial Blvd & Oakland Park Blvd. The building will be on your Right.
Subdivision
3670
Standard status
Active
APN
494125kb0310
Size
1,765 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNRISE PROFESSIONAL CENTER CONDOMINIUM UNIT 207 PER CDO BK/PG: 40983/1208
Tax Annual Amount
4864
Legal Description
SUNRISE PROFESSIONAL CENTER CONDOMINIUM UNIT 207 PER CDO BK/PG: 40983/1208
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
2
Number of units
2
Flooring type
Engineered
Building materials
CBS
Roof type
Tile
Listing Agency:
EA Realty & Investments
(561) 336-0340
Listed By:
Olen McLean · License #3330021
(561) 568-1781
Added: May 18
Changed: Jul 25
Last Checked: Sep 2 at 9:06PM
MLS# B26030686
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Suite 207 at 2331 N State Rd 7 is a move-in-ready medical and professional office suite presented in a highly functional, beautifully updated condition. The interior offers a versatile layout totaling 1,765 square feet, partitioned into approximately 4 to 5 private individual rooms designed to support confidential consultations, office use, or treatment/exam-style spaces. The configuration allows teams to operate in dedicated rooms while maintaining an efficient overall workflow for day-to-day client service.
The suite is located directly on State Road 7 (US-441) in Lauderhill, positioned between West Oakland Park Boulevard and Sunrise Boulevard. With this placement on a prominent east-west corridor, the space benefits from straightforward commercial access and strong visibility for prospective clients.
This suite is suited for a range of professional users, including medical professionals, therapists, attorneys, insurance agencies, or creative firms, where private rooms and a refined, ready-to-occupy buildout are important. Zoning is listed as CG, aligning with a variety of office and professional service needs. If you are looking to establish or expand within a prepared space that emphasizes usable room count and privacy, Suite 207 offers a practical starting point.
The suite is located directly on State Road 7 (US-441) in Lauderhill, positioned between West Oakland Park Boulevard and Sunrise Boulevard. With this placement on a prominent east-west corridor, the space benefits from straightforward commercial access and strong visibility for prospective clients.
This suite is suited for a range of professional users, including medical professionals, therapists, attorneys, insurance agencies, or creative firms, where private rooms and a refined, ready-to-occupy buildout are important. Zoning is listed as CG, aligning with a variety of office and professional service needs. If you are looking to establish or expand within a prepared space that emphasizes usable room count and privacy, Suite 207 offers a practical starting point.
Key Highlights
- Suite 207 at 2331 N State Road 7 with 1,765 SF of versatile workspace
- Layout includes 4 to 5 private individual rooms, suitable for offices, exam rooms, or client consultations
- Positioned directly on State Road 7 (US‑441) between West Oakland Park Boulevard and Sunrise Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,120
$465.1K
Cap Rate 7%
$332,229
$332.2K
Cap Rate 9%
$258,400
$258.4K
Market Conditions
NOI Build-Up for 1,765 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.4K $24.00/SF
− Vacancy
−$3.6K −$2.04/SF
EGI
$38.8K $21.96/SF
− OpEx
−$15.5K −$8.78/SF
NOI
$23.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,120
Cap Rate 7%
$332,229
Cap Rate 9%
$258,400
Alternative Uses
Best Use
Office B
$668.3K
$584.8K – $779.7K
NOI $46,781 @ 7.0% cap · market cap 17.65%
Second Best
Healthcare Medical
$332.2K
$290.7K – $387.6K
NOI $23,256 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$895.5K
$783.5K – $1.04M
NOI $62,682 @ 7.0% cap · market cap 23.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated office suite with multiple private rooms on a high-visibility commercial corridor.
Where is this medical office space located?
The property is located at 2331 N State Rd 7 Lauderhill, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Suite 207 at 2331 N State Road 7 with 1,765 SF of versatile workspace; Layout includes 4 to 5 private individual rooms, suitable for offices, exam rooms, or client consultations; Positioned directly on State Road 7 (US‑441) between West Oakland Park Boulevard and Sunrise Boulevard
