Updated Office
275 E Commercial Boulevard, Lauderdale by the Sea, FL 33308
For Sale
Contact for pricing
The multi-unit office property features elevator service and parking in an updated building.
Property Size15,268 SF
Price / SF$0.04
Days on Market49
Property Features for 275 E Commercial Boulevard
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Prestige Properties South Florida LLC.
Listed By:
Daniel G Lubbers · License #680532
(954) 599-7652
Source:
Wycliffecommunityrealty
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 6 at 5:45PM
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 Prestige Properties South Florida LLC.
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Investment Insights
Based on property information with market context.
This office property contains 15,268 square feet in a building completed in 1976. The structure has been updated and includes elevator service, with parking available on site.
The property is at 275 E Commercial Boulevard in Lauderdale-By-The-Sea, Florida. The beach and downtown are each described as a five-minute walk away.
The property is at 275 E Commercial Boulevard in Lauderdale-By-The-Sea, Florida. The beach and downtown are each described as a five-minute walk away.
Key Highlights
- 15,268‑square‑foot office property
- Updated building with elevator service
- Parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,345
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,026,900
$6.0M
Cap Rate 7%
$4,304,929
$4.3M
Cap Rate 9%
$3,348,278
$3.3M
Market Conditions
NOI Build-Up for 15,268 SF
Gross rent
$472.7K $30.96/SF
− Vacancy
−$70.9K −$4.64/SF
EGI
$401.8K $26.32/SF
− OpEx
−$100.4K −$6.58/SF
NOI
$301.3K $19.74/SF
Area
Pompano Beach, FL
Vacancy
15.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,026,900
Cap Rate 7%
$4,304,929
Cap Rate 9%
$3,348,278
Alternative Uses
Best Use
Office B
$4.30M
$3.77M – $5.02M
NOI $301,345 @ 7.0% cap · market cap 50,224.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.95M
$5.21M – $6.95M
NOI $416,816 @ 7.0% cap · market cap 69,469.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
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Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Broward County, FL
Properties on Market for Office Units in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The multi-unit office property features elevator service and parking in an updated building.
Where is this office unit located?
The property is located at 275 E Commercial Boulevard Lauderdale by the Sea, FL.
What are key features of this property?
This property features: 15,268‑square‑foot office property; Updated building with elevator service; Parking available
