Three-Story Medical Office
For Sale
Contact for pricing
2826 E Oakland Park Blvd, Fort Lauderdale, FL 33306
Three-story, elevator-served office building with existing medical build-out and on-site covered parking.
Property Size9,758 SF
Lot Size0.17 Acres
Price / SF$296.68
Days on Market70
Property Features for 2826 E Oakland Park Blvd
General Information
Standard status
Active
Size
9,758 SF
Total Parking Spaces
28
Lot size
0.17 Acres
Property subtype
Office
Zoning
CB - Community Business
Occupancy
67%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$108,500
Additional Details
Traffic Count
34,500 vehicles/day
Building Details
Year Built
1980
Stories
3
Tenancy
Multi
Listing Agency:
Vera Realty LLC
(305) 833-3303
Listed By:
Nick Polyushkin · License #3453486
Source:
Crexi
Added: Jun 6
Changed: Aug 12
Last Checked: Aug 13 at 2:46PM
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 Vera Realty LLC
Investment Insights
Based on property information with market context.
This three-story, elevator-served medical and professional office building totals approximately 9,758 square feet and is configured with multiple suites designed for medical and related use. Built in 1980, the property includes exterior walkway access, abundant natural light, reception areas, kitchen or break facilities, and on-site storage. Common systems and amenities include air conditioning, central heating, and an elevator to support day-to-day operations.
The building is positioned on a high-visibility hard corner with direct frontage on East Oakland Park Boulevard. The location is described as within a larger medical or healthcare cluster totaling 291,000 square feet, and it is steps from Coral Ridge Mall, with named nearby retailers including Target, Publix, and AMC. The property benefits from signage visibility to an estimated 34,500 vehicles per day.
For medical users and professional operators, the existing medical or dental build-out across multiple suites may help reduce tenant improvement time and cost. The property is currently about 67.6% leased to two NNN tenants, and the entire second floor (3,161 square feet) is vacant and deliverable at closing. The combination of occupied income-producing space and a ready-to-occupy floor supports a range of tenant and buyer strategies within a community business (CB) zoning framework.
The building is positioned on a high-visibility hard corner with direct frontage on East Oakland Park Boulevard. The location is described as within a larger medical or healthcare cluster totaling 291,000 square feet, and it is steps from Coral Ridge Mall, with named nearby retailers including Target, Publix, and AMC. The property benefits from signage visibility to an estimated 34,500 vehicles per day.
For medical users and professional operators, the existing medical or dental build-out across multiple suites may help reduce tenant improvement time and cost. The property is currently about 67.6% leased to two NNN tenants, and the entire second floor (3,161 square feet) is vacant and deliverable at closing. The combination of occupied income-producing space and a ready-to-occupy floor supports a range of tenant and buyer strategies within a community business (CB) zoning framework.
Key Highlights
- 9,758 SF, three‑story, elevator‑served medical/professional office building on a 0.17‑acre parcel
- Hard‑corner location with direct frontage on E Oakland Park Blvd (~34,500 vehicles/day) for strong signage visibility
- Currently ~67.6% leased to two NNN tenants; anchored by a dental practice occupying ~50% of the building
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
$131,382
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
4.54%
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%
$2,627,640
$2.6M
Cap Rate 7%
$1,876,886
$1.9M
Cap Rate 9%
$1,459,800
$1.5M
Market Conditions
NOI Build-Up for 9,758 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
$234.2K $24.00/SF
− Vacancy
−$15.2K −$1.56/SF
EGI
$219.0K $22.44/SF
− OpEx
−$87.6K −$8.98/SF
NOI
$131.4K $13.46/SF
Area
Fort Lauderdale, FL
Vacancy
6.50%
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%
$2,627,640
Cap Rate 7%
$1,876,886
Cap Rate 9%
$1,459,800
Alternative Uses
Best Use
Office B
$4.00M
$3.50M – $4.67M
NOI $280,328 @ 7.0% cap · market cap 9.68%
Second Best
Healthcare Medical
$1.88M
$1.64M – $2.19M
NOI $131,382 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$6.56M
$5.74M – $7.65M
NOI $459,016 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
34,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
3,010
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-story, elevator-served office building with existing medical build-out and on-site covered parking.
Where is this medical office space located?
The property is located at 2826 E Oakland Park Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 9,758 SF, three‑story, elevator‑served medical/professional office building on a 0.17‑acre parcel; Hard‑corner location with direct frontage on E Oakland Park Blvd (~34,500 vehicles/day) for strong signage visibility; Currently ~67.6% leased to two NNN tenants; anchored by a dental practice occupying ~50% of the building
