Fully Leased Medical
For Sale
Contact for pricing
2826 E Oakland Park Blvd, Fort Lauderdale, FL 33306
9,758 SF medical building fully leased to medical professionals.
Property Size9,758 SF
Price / SF$286.94
Days on Market678
Property Features for 2826 E Oakland Park Blvd
General Information
Standard status
Active
Size
9,758 SF
Class
B
Property subtype
Office
Zoning
CB
Building Details
Year Built
1975
Listing Agency:
The Keyes Company
Listed By:
Michelle Li · License #3543843
Source:
Crexi
Added: Sep 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:51AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 9,758 square-foot medical building is available for sale. The two-story building is fully leased to medical professionals. It is located one block from AIA and US1. The roof, elevator, and AC are reported to be in good condition. The property offers potential income and redevelopment opportunities and includes parking spaces.
Key Highlights
- Fully leased 9,758 SF medical building providing immediate income.
- Excellent location: one block from AIA and US1.
- Redevelopment opportunities.
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
4.69%
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 10.01%
Second Best
Healthcare Medical
$1.88M
$1.64M – $2.19M
NOI $131,382 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$6.56M
$5.74M – $7.65M
NOI $459,016 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 9,758 SF medical building fully leased to medical professionals.
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 $2,800,000.
What are key features of this property?
This property features: Fully leased 9,758 SF medical building providing immediate income.; Excellent location: one block from AIA and US1.; Redevelopment opportunities.
