Medical Office Suite with Treatment
3880 W BROWARD Boulevard W, Plantation, FL 33324
For Sale
Contact for pricing
The layout includes private offices, exam rooms, a kitchenette, restroom and hallway storage.
Property Size55,404 SF
Price / SF$0.00
Days on Market51
Property Features for 3880 W BROWARD Boulevard W
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Building Details
Year Built
Listing Agency:
Red Pin Realty
Listed By:
Sabrina S Perez · License FL #3311181
(954) 815-1973
Source:
Lehmannflorida
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 7:05AM
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 Red Pin Realty
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Investment Insights
Based on property information with market context.
Built in 2007, this medical office suite has three offices and two exam or therapy rooms. The space also includes a kitchenette, one bathroom and two hallway closets. One exam room has an in-room sink and closet, while an office can be converted to an additional exam or therapy room.
The property is at 3880 W Broward Boulevard in Plantation, Florida. Its previous use was as a physical therapy office.
The property is at 3880 W Broward Boulevard in Plantation, Florida. Its previous use was as a physical therapy office.
Key Highlights
- Three offices and two exam or therapy rooms
- One office can serve as an additional exam or therapy room
- Exam room includes a sink and closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$848,180
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,963,600
$17.0M
Cap Rate 7%
$12,116,857
$12.1M
Cap Rate 9%
$9,424,222
$9.4M
Market Conditions
NOI Build-Up for 55,404 SF
Gross rent
$1.50M $27.00/SF
− Vacancy
−$82.3K −$1.49/SF
EGI
$1.41M $25.51/SF
− OpEx
−$565.5K −$10.21/SF
NOI
$848.2K $15.31/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,963,600
Cap Rate 7%
$12,116,857
Cap Rate 9%
$9,424,222
Alternative Uses
Best Use
Office B
$25.25M
$22.09M – $29.46M
NOI $1,767,415 @ 7.0% cap
Second Best
Healthcare Medical
$12.12M
$10.60M – $14.14M
NOI $848,180 @ 7.0% cap
Theoretical Best
Office A
$28.11M
$24.60M – $32.79M
NOI $1,967,615 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33324, FL
46,766
Population
22,375
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
5,196
Density / Sq Mi
$83,678
Median Household Income
$45,560
Median Earnings
$2,152
Median Rent
$350,500
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Broward County, FL
Properties on Market for Medical Office Space in Broward County
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The layout includes private offices, exam rooms, a kitchenette, restroom and hallway storage.
Where is this medical office space located?
The property is located at 3880 W BROWARD Boulevard W Plantation, FL.
What are key features of this property?
This property features: Three offices and two exam or therapy rooms; One office can serve as an additional exam or therapy room; Exam room includes a sink and closet
