Two-Space Office
For Sale
$110,000
Pending
2893 Executive Park Dr Unit 109, Weston, FL 33331
Compact office configuration with a waiting area, storage closet, lobby access, and after-hours entry features.
Property Size250 SF
Days on Market2557
Property Features for 2893 Executive Park Dr Unit 109
General Information
Standard status
Pending
Size
250 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,714
Amenities
lobby
24 hr monitor security
after hour key access/intercom system
3
Building Details
Year Built
2006
Listing Agency:
Charles Rutenberg Realty LLC
(754) 423-0808
Listed By:
Romulo Matamoros
(754) 423-0808
Source:
Xome
Added: Sep 1, 2019
Changed: Aug 29
Last Checked: Aug 29 at 9:35PM
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 Charles Rutenberg Realty LLC
Investment Insights
Based on property information with market context.
This 250-square-foot office unit is arranged as two separate spaces and includes a waiting area and storage closet. The property also provides access to a lobby, parking, 24-hour monitored security, and an after-hours key-access and intercom system. Built in 2006, the unit is located at 2893 Executive Park Dr, Unit 109, in Weston, Florida.
Key Highlights
- 250‑square‑foot office unit divided into two spaces
- Waiting area and storage closet
- Lobby access with parking available
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
$6,626
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
6.02%
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%
$132,520
$132.5K
Cap Rate 7%
$94,657
$94.7K
Cap Rate 9%
$73,622
$73.6K
Market Conditions
NOI Build-Up for 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
$11.4K $45.60/SF
− Vacancy
−$2.6K −$10.26/SF
EGI
$8.8K $35.34/SF
− OpEx
−$2.2K −$8.84/SF
NOI
$6.6K $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%
$132,520
Cap Rate 7%
$94,657
Cap Rate 9%
$73,622
Alternative Uses
Best Use
Office B
$94.7K
$82.8K – $110.4K
NOI $6,626 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$126.8K
$111.0K – $148.0K
NOI $8,878 @ 7.0% cap · market cap 8.07%
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 - Compact office configuration with a waiting area, storage closet, lobby access, and after-hours entry features.
Where is this office units located?
The property is located at 2893 Executive Park Dr Unit 109 Weston, FL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 250‑square‑foot office unit divided into two spaces; Waiting area and storage closet; Lobby access with parking available
