Remodeled and Fully Furnished Office
For Sale
$398,000
2893 Executive Park Dr 302, Weston, FL 33331
Remodeled, fully furnished office unit with double glass entry, marble lobby, and three private offices in Weston
Property Size600 SF
Days on Market10
Property Features for 2893 Executive Park Dr 302
General Information
Standard status
Active
Size
600 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Utilities to Site
Yes
Amenities
double glass door entrance
front desk and waiting area
kitchenette
elegant lobby with marble floors
24 hr monitor security and after hour card entry
Building Details
Building Size
600 SF
Year Built
2006
Listing Agency:
Premier Global Brokers, LLC
(786) 315-0785
Listed By:
Valka Rodriguez · License #3255357
(786) 315-0785
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 6 at 5:28AM
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 Premier Global Brokers, LLC
Investment Insights
Based on property information with market context.
This remodeled and fully furnished office unit is designed for professional use and includes a double glass door entrance, a front desk and waiting area, and a kitchenette. The interior layout features three private office spaces with glass floor-to-ceiling partitions, along with an elegant lobby with marble floors.
The unit is in Weston, FL at 2893 Executive Park Dr 302. Amenities and security include free parking, 24-hour monitored security, and after-hours card entry. BikeScore is 54 and walkScore is 34, with transitScore 17. The listing also notes that electricity and internet are not included on the HOA.
Built in 2006, this office unit is set up with multiple enclosed work areas while maintaining visibility through the glass partition design.
The unit is in Weston, FL at 2893 Executive Park Dr 302. Amenities and security include free parking, 24-hour monitored security, and after-hours card entry. BikeScore is 54 and walkScore is 34, with transitScore 17. The listing also notes that electricity and internet are not included on the HOA.
Built in 2006, this office unit is set up with multiple enclosed work areas while maintaining visibility through the glass partition design.
Key Highlights
- Remodeled and fully furnished office unit
- Double glass door entrance with front desk and waiting area
- Three private office spaces with glass floor‑to‑ceiling
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
$15,903
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
4.00%
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%
$318,060
$318.1K
Cap Rate 7%
$227,186
$227.2K
Cap Rate 9%
$176,700
$176.7K
Market Conditions
NOI Build-Up for 600 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
$27.4K $45.60/SF
− Vacancy
−$6.2K −$10.26/SF
EGI
$21.2K $35.34/SF
− OpEx
−$5.3K −$8.84/SF
NOI
$15.9K $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%
$318,060
Cap Rate 7%
$227,186
Cap Rate 9%
$176,700
Alternative Uses
Best Use
Office B
$227.2K
$198.8K – $265.1K
NOI $15,903 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.4K
$266.4K – $355.1K
NOI $21,308 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
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 - Remodeled, fully furnished office unit with double glass entry, marble lobby, and three private offices in Weston
Where is this office units located?
The property is located at 2893 Executive Park Dr 302 Weston, FL.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Remodeled and fully furnished office unit; Double glass door entrance with front desk and waiting area; Three private office spaces with glass floor‑to‑ceiling
