Freestanding Dental Office
For Sale
$3,500,000
3035 E Commercial Blvd, Fort Lauderdale, FL 33308
Turnkey dental office building offered with an operating practice and the underlying land for one-owner occupancy or investment.
Property Size6,956 SF
Price / SF$503.16
Days on Market61
Property Features for 3035 E Commercial Blvd
General Information
Standard status
Active
Size
6,956 SF
Property subtype
Office
Additional Details
Business Included
Yes
Amenities
Square Feet: 3500
Parcel Number: 494213070590, Tax Annual Amount: $30,468, Tax Legal Description: CORAL RIDGE COMMERCIAL BLVD ADD 43-13 B LOT 9 BLK 4
Business Type: Medical Office, Special Listing Conditions: Sale, Standard Status: Active
Year Built: 1972, Building Area Total: 6956
County Or Parish: Broward County
Leasable Area Units: Square Feet
Building Details
Year Built
1972
Tenancy
Single
Listing Agency:
The Source Real Estate
(305) 462-7820
Listed By:
Yasnely Gomez Ferreira
(786) 600-5919
Source:
Riserealty
Added: Jul 6
Changed: Sep 4
Last Checked: Sep 4 at 5:44AM
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 The Source Real Estate
Investment Insights
Based on property information with market context.
Turnkey dental office building for sale at 3035 E Commercial Blvd, Fort Lauderdale, FL 33308, offered together with an established, operating dental practice. The freestanding professional office building spans 6,956 SF and is being sold with the business as well as the building and land.
The property is positioned in the Coral Ridge area with access to Coral Ridge, Coral Ridge Isles, and the Galt Ocean Mile, and it is described as minutes from US-1 and I-95. Walk and bike access are noted as limited (Walk Score 43 and Bike Score 49), with the area characterized as car-dependent (Transit Score 33), aligning with a medical/dental corridor use.
The property is positioned in the Coral Ridge area with access to Coral Ridge, Coral Ridge Isles, and the Galt Ocean Mile, and it is described as minutes from US-1 and I-95. Walk and bike access are noted as limited (Walk Score 43 and Bike Score 49), with the area characterized as car-dependent (Transit Score 33), aligning with a medical/dental corridor use.
Key Highlights
- 6,956 SF freestanding professional office building built in 1972 in Coral Ridge, Fort Lauderdale
- Offered together with an established, operating dental practice (turnkey for owner‑operator, group practice, or investor)
- Includes the building, land, and the operating dental business for one‑owner occupancy and/or investment
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
$199,832
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
5.71%
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%
$3,996,640
$4.0M
Cap Rate 7%
$2,854,743
$2.9M
Cap Rate 9%
$2,220,356
$2.2M
Market Conditions
NOI Build-Up for 6,956 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
$317.2K $45.60/SF
− Vacancy
−$50.8K −$7.30/SF
EGI
$266.4K $38.30/SF
− OpEx
−$66.6K −$9.58/SF
NOI
$199.8K $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 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%
$3,996,640
Cap Rate 7%
$2,854,743
Cap Rate 9%
$2,220,356
Alternative Uses
Best Use
Office B
$2.85M
$2.50M – $3.33M
NOI $199,832 @ 7.0% cap · market cap 5.71%
Second Best
Healthcare Medical
$1.34M
$1.17M – $1.56M
NOI $93,656 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$4.67M
$4.09M – $5.45M
NOI $327,210 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,909
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey dental office building offered with an operating practice and the underlying land for one-owner occupancy or investment.
Where is this medical office space located?
The property is located at 3035 E Commercial Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6,956 SF freestanding professional office building built in 1972 in Coral Ridge, Fort Lauderdale; Offered together with an established, operating dental practice (turnkey for owner‑operator, group practice, or investor); Includes the building, land, and the operating dental business for one‑owner occupancy and/or investment
