Professional Office
For Sale
Contact for pricing
2950 NW 62nd St Unit 305, Fort Lauderdale, FL 33309
A compact workspace with electricity and WiFi included, plus parking for occupants and visitors.
Property Size307 SF
Price / SF$2.90
Days on Market27
Property Features for 2950 NW 62nd St Unit 305
General Information
Standard status
Active
Size
307 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
1
Amenities
WiFi
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: 305
Current Use: Commercial Office, Leasable Area Units: Square Feet, Leasable Area: 307
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 23
Changed: Oct 16
Last Checked: Oct 16 at 9:47AM
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 305 provides approximately 307 SF of office space within a building constructed in 1986. Electricity and WiFi are included, and parking is available for employees and clients.
The office is in Fort Lauderdale’s Cypress Creek business district, near I-95, the Turnpike and Fort Lauderdale Executive Airport. The suite is available for immediate occupancy.
The office is in Fort Lauderdale’s Cypress Creek business district, near I-95, the Turnpike and Fort Lauderdale Executive Airport. The suite is available for immediate occupancy.
Key Highlights
- Approximately 307 SF of office space
- Electricity and WiFi included
- Parking available for employees and clients
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,819
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,380
$176.4K
Cap Rate 7%
$125,986
$126.0K
Cap Rate 9%
$97,989
$98.0K
Market Conditions
NOI Build-Up for 307 SF
Gross rent
$14.0K $45.60/SF
− Vacancy
−$2.2K −$7.30/SF
EGI
$11.8K $38.30/SF
− OpEx
−$2.9K −$9.58/SF
NOI
$8.8K $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%
$176,380
Cap Rate 7%
$125,986
Cap Rate 9%
$97,989
Alternative Uses
Best Use
Office B
$126.0K
$110.2K – $147.0K
NOI $8,819 @ 7.0% cap · market cap 990.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.3K
$180.5K – $240.7K
NOI $14,441 @ 7.0% cap · market cap 1,622.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office units - A compact workspace with electricity and WiFi included, plus parking for occupants and visitors.
Where is this office units located?
The property is located at 2950 NW 62nd St Unit 305 Fort Lauderdale, FL.
What are key features of this property?
This property features: Approximately 307 SF of office space; Electricity and WiFi included; Parking available for employees and clients
