Corner Freestanding Multi-Tenant
3401 Davie Blvd Fort Lauderdale, FL 33312
For Sale
$549,000
Pending
Freestanding corner building with site plan approval, divisible up to three spaces and supporting medical, retail, office, or day care uses.
Property Size3,600 SF
Days on Market3685
Property Features for 3401 Davie Blvd
General Information
- Standard status
- Pending
- Size
- 3,600 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1966
Listing Agency:
Truecastle Realty, Inc.
(954) 536-8602
Listed By:
Denise Feliz
(954) 536-8602
Source:
Xome
Added: Jun 23, 2016
Changed: Jul 25
Last Checked: Jul 25 at 9:19AM
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 Truecastle Realty, Inc.
Investment Insights
Based on property information with market context.
This is a freestanding corner building that totals 3,600 SF and can be divided into a maximum of three spaces, each up to 1,200 SF. The site plan is approved, and the property is described as a hard corner on a busy major street. The building is positioned for high visibility, with over 30,000 VDP cited in the remarks.
The available use options include medical, retail, office, and major day care. The offering is also described as built to suit for major qualified tenants, providing flexibility for the right operator within the approved layout.
From a configuration standpoint, the building’s size and ability to split into up to three suites make it suitable for multiple-tenant setups while retaining the advantages of a freestanding, corner presence.
The available use options include medical, retail, office, and major day care. The offering is also described as built to suit for major qualified tenants, providing flexibility for the right operator within the approved layout.
From a configuration standpoint, the building’s size and ability to split into up to three suites make it suitable for multiple-tenant setups while retaining the advantages of a freestanding, corner presence.
Key Highlights
- Freestanding 3,600 SF corner building on Davie Blvd with site plan approval
- Built to support medical, retail, office, and major day care uses
- Divisible into up to 3 spaces (up to 1,200 SF each)
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $24.00 |
| − Vacancy | −$5.6k | −$1.56 |
| EGI | $80.8k | $22.44 |
| − OpEx | −$32.3k | −$8.98 |
| NOI | $48.5k | $13.46 |
3,600 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,421 @ 7.0% cap · market cap 18.84%
Second Best
Retail
$916.1K
$801.6K – $1.07M
NOI $64,127 @ 7.0% cap · market cap 11.68%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,344 @ 7.0% cap · market cap 30.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Carlos Haro
Physician
Dr. Slavisa Markovic
Home Health Care Service
Vanguard Medical Group ...
Medical Clinic
Novita Management Inc.
Business Management Consultant
Carlos J Vanguard ...
Pediatrician
Similar Off Market Nearby
- Dive4Vets — 3720 Davie Blvd, Fort Lauderdale, FL 33312
- Fort Lauderdale Veterinarian — 665 SW 27th Ave, Fort Lauderdale, FL 33312
- 441 Animal Hospital: Rogers Rusty DVM — 3170 Davie Blvd, Fort Lauderdale, FL 33312
- Rogers Animal Hospital — 3170 Davie Blvd, Fort Lauderdale, FL 33312
FAQs
What type of property is this?
Medical Office Space - Freestanding corner building with site plan approval, divisible up to three spaces and supporting medical, retail, office, or day care uses.
Where is this medical office space located?
The property is located at 3401 Davie Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Freestanding 3,600 SF corner building on Davie Blvd with site plan approval; Built to support medical, retail, office, and major day care uses; Divisible into up to 3 spaces (up to 1,200 SF each)
