Professional Office
For Sale
Contact for pricing
2950 NW 62nd St Unit 318, Fort Lauderdale, FL 33309
Electricity and WIFI are included, with ample parking and convenient access for office users.
Property Size571 SF
Price / SF$3.15
Days on Market50
Property Features for 2950 NW 62nd St Unit 318
General Information
Standard status
Active
Size
571 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
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: 318
Current Use: Commercial Office, Leasable Area Units: Square Feet, Leasable Area: 571
Units In Community: 1
Water Source: Public
Building Details
Year Built
1986
Listing Agency:
RISE Realty
Listed By:
Keith Alan Darby · License #3085829
(305) 720-7925
Source:
Riserealty
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 28 at 6:54AM
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 RISE Realty
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Investment Insights
Based on property information with market context.
Suite 318 provides approximately 571 SF of professional office space in a building constructed in 1986. The layout is positioned for a small business or professional office user, with immediate occupancy available. Electricity and WIFI are included, helping simplify day-to-day occupancy planning.
The property is located at 2950 NW 62nd St in Fort Lauderdale’s Cypress Creek business district. Access is convenient to I-95, Florida’s Turnpike, and Fort Lauderdale airport. Ample parking is available at the property, supporting staff and visitors.
The property is located at 2950 NW 62nd St in Fort Lauderdale’s Cypress Creek business district. Access is convenient to I-95, Florida’s Turnpike, and Fort Lauderdale airport. Ample parking is available at the property, supporting staff and visitors.
Key Highlights
- Approximately 571 SF of office space in Suite 318
- Electricity and WIFI included
- Immediate occupancy available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,404
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,080
$328.1K
Cap Rate 7%
$234,343
$234.3K
Cap Rate 9%
$182,267
$182.3K
Market Conditions
NOI Build-Up for 571 SF
Gross rent
$26.0K $45.60/SF
− Vacancy
−$4.2K −$7.30/SF
EGI
$21.9K $38.30/SF
− OpEx
−$5.5K −$9.58/SF
NOI
$16.4K $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%
$328,080
Cap Rate 7%
$234,343
Cap Rate 9%
$182,267
Alternative Uses
Best Use
Office B
$234.3K
$205.1K – $273.4K
NOI $16,404 @ 7.0% cap · market cap 911.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.7K
$335.8K – $447.7K
NOI $26,860 @ 7.0% cap · market cap 1,492.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
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 unit - Electricity and WIFI are included, with ample parking and convenient access for office users.
Where is this office unit located?
The property is located at 2950 NW 62nd St Unit 318 Fort Lauderdale, FL.
What are key features of this property?
This property features: Approximately 571 SF of office space in Suite 318; Electricity and WIFI included; Immediate occupancy available
