Office Suite with Included
For Sale
Contact for pricing
2950 NW 62nd St Unit 111, Fort Lauderdale, FL 33309
Electricity and Wi-Fi are included, with immediate occupancy available for a professional office user.
Property Size684 SF
Price / SF$2.49
Days on Market52
Property Features for 2950 NW 62nd St Unit 111
General Information
Standard status
Active
Size
684 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
1
Amenities
Electricity and WIFI included
Square Feet: 82735
Sewer: Public Sanitation
Parcel Number: 494208090022, Tax Annual Amount: $146,979, Tax Legal Description: VANTAGE INDUSTRIAL PARK SECTION 2 100-21 B PARCEL C,W 208 OF E 457.51 (MEAS ALG S/L) OF PARCEL C
Cooling: Central Building A/C
Heating: Central Building A/C
Business Type: Office Space, Lease Considered, Lease Term: 1 To 3 Year Lease, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 148, Features: Additional Spaces Available
Stories: 3, Year Built: 1986, Building Area Total: 39704, Structure Type: Free Standing
County Or Parish: Broward County, Unit Number: 111
Current Use: Commercial Office, Leasable Area Units: Square Feet, Leasable Area: 684
Units In Community: 1
Water Source: Public
Building Details
Year Built
1986
Listing Agency:
MovinMIA, LLC
Listed By:
Cristina Santana · License #A12084769
(786) 797-7703
Source:
Riserealty
Added: Sep 7
Changed: Oct 27
Last Checked: Oct 28 at 8:12AM
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 MovinMIA, LLC
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Investment Insights
Based on property information with market context.
Suite 111 is an approximately 684 SF office unit at 2950 NW 62nd St in Fort Lauderdale’s Cypress Creek business district. The space is suited to a small business or professional office user, with electricity and Wi-Fi included and immediate occupancy available. The building was constructed in 1986.
The property offers access near I-95, Florida’s Turnpike, and Fort Lauderdale Executive Airport. Ample parking and convenient access for employees and clients add practical functionality for day-to-day office operations.
The property offers access near I-95, Florida’s Turnpike, and Fort Lauderdale Executive Airport. Ample parking and convenient access for employees and clients add practical functionality for day-to-day office operations.
Key Highlights
- Approximately 684 SF office suite
- Suite 111 in Fort Lauderdale’s Cypress Creek business district
- Electricity and WIFI included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,650
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,000
$393.0K
Cap Rate 7%
$280,714
$280.7K
Cap Rate 9%
$218,333
$218.3K
Market Conditions
NOI Build-Up for 684 SF
Gross rent
$31.2K $45.60/SF
− Vacancy
−$5.0K −$7.30/SF
EGI
$26.2K $38.30/SF
− OpEx
−$6.5K −$9.58/SF
NOI
$19.6K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,000
Cap Rate 7%
$280,714
Cap Rate 9%
$218,333
Alternative Uses
Best Use
Office B
$280.7K
$245.6K – $327.5K
NOI $19,650 @ 7.0% cap · market cap 1,155.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.6K
$402.2K – $536.3K
NOI $32,175 @ 7.0% cap · market cap 1,892.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office unit - Electricity and Wi-Fi are included, with immediate occupancy available for a professional office user.
Where is this office unit located?
The property is located at 2950 NW 62nd St Unit 111 Fort Lauderdale, FL.
What are key features of this property?
This property features: Approximately 684 SF office suite; Suite 111 in Fort Lauderdale’s Cypress Creek business district; Electricity and WIFI included
