Second-Floor Office Suite with
For Sale
$699,900
2751 Executive Park Drive #202, Weston, FL 33331
Second-floor office suite with five private offices, reception, common area, and private bathroom, currently leased.
Property Size1,249 SF
Price / SF$559.92
Days on Market49
Property Features for 2751 Executive Park Drive #202
General Information
Standard status
Active
Size
1,249 SF
Zoning
O-1
Taxes and HOA fees
Annual Taxes
$12,628
Building Details
Building Size
1,249 SF
Year Built
2002
Listing Agency:
Oceanica International Realty
(954) 274-1194
Listed By:
Karina E Meza · License #3052867
(954) 274-1194
Source:
Laerrealty
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 23 at 2:56AM
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 Oceanica International Realty
Investment Insights
Based on property information with market context.
This second-floor office suite totals 1,250 square feet and is located within a modern building with elevator access. The space includes a reception area, a spacious common area, five private offices, and a private bathroom. Two of the private offices offer a lake view, creating a quieter work setting within the overall layout.
The property is offered for sale at 2751 Executive Park Drive, #202, in Weston, Florida. The building’s elevator provides straightforward access to the second floor, and the unit is currently occupied under an existing lease.
For buyers, this configuration supports a range of professional uses that benefit from private office space plus a dedicated front reception area. The current tenancy provides immediate rental income through April 2027, while the layout also allows for potential owner occupancy after the lease term. If you are looking for a workable office suite with multiple offices, shared reception flow, and on-site restrooms, this unit is a strong match for an owner-operator or an investor seeking a stabilized office asset.
The property is offered for sale at 2751 Executive Park Drive, #202, in Weston, Florida. The building’s elevator provides straightforward access to the second floor, and the unit is currently occupied under an existing lease.
For buyers, this configuration supports a range of professional uses that benefit from private office space plus a dedicated front reception area. The current tenancy provides immediate rental income through April 2027, while the layout also allows for potential owner occupancy after the lease term. If you are looking for a workable office suite with multiple offices, shared reception flow, and on-site restrooms, this unit is a strong match for an owner-operator or an investor seeking a stabilized office asset.
Key Highlights
- 1,250 sq ft second‑floor office suite in a building built in 2002
- Includes five private offices, a reception area, a spacious common area, and a private bathroom
- Elevator access to the second floor
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
$33,131
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
4.73%
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%
$662,620
$662.6K
Cap Rate 7%
$473,300
$473.3K
Cap Rate 9%
$368,122
$368.1K
Market Conditions
NOI Build-Up for 1,250 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
$57.0K $45.60/SF
− Vacancy
−$12.8K −$10.26/SF
EGI
$44.2K $35.34/SF
− OpEx
−$11.0K −$8.84/SF
NOI
$33.1K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$662,620
Cap Rate 7%
$473,300
Cap Rate 9%
$368,122
Alternative Uses
Best Use
Office B
$473.3K
$414.1K – $552.2K
NOI $33,131 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.2K
$554.9K – $739.9K
NOI $44,392 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 33331, FL
23,016
Population
7,898
Households
2.9
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
1,951
Density / Sq Mi
$142,464
Median Household Income
$65,954
Median Earnings
$2,849
Median Rent
$666,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite with five private offices, reception, common area, and private bathroom, currently leased.
Where is this office units located?
The property is located at 2751 Executive Park Drive #202 Weston, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 1,250 sq ft second‑floor office suite in a building built in 2002; Includes five private offices, a reception area, a spacious common area, and a private bathroom; Elevator access to the second floor
