Renovated Medical Office
For Sale
$7,250,000
4331 N Federal Hwy, Oakland Park, FL 33308
Four-story healthcare property with established tenants, contemporary finishes, and on-site parking.
Property Size19,492 SF
Price / SF$371.95
Days on Market53
Property Features for 4331 N Federal Hwy
General Information
Standard status
Active
Size
19,492 SF
Total Parking Spaces
68
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1973
Year Renovated
2017
Buildings
1
Stories
4
Building Size
19,492 SF
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Berlin Group
Listed By:
Benedict Gutierrez · License #BK3317434
(305) 281-8087
Source:
Mymiahomes
Added: Aug 15
Changed: Sep 25
Last Checked: Oct 5 at 8:11PM
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 Berlin Group
Investment Insights
Based on property information with market context.
This four-story medical office building contains 19,492 square feet and underwent a full renovation in 2017. The property has contemporary finishes, established healthcare occupants, and 68 on-site parking spaces, with additional parking available on an adjacent parcel. The tenant roster includes 4Ever Young Anti-Aging Solutions, Encore MRI, Aesthetix Dermatology, and Coastal Infusion.
Located along North Federal Highway, the building is less than 500 feet from Holy Cross Hospital. The seller will lease back Suite 201 for one year following closing, supporting 100% occupancy during that period. The combination of medical office improvements, an existing healthcare tenant roster, and proximity to the hospital defines the property’s current operating profile.
Located along North Federal Highway, the building is less than 500 feet from Holy Cross Hospital. The seller will lease back Suite 201 for one year following closing, supporting 100% occupancy during that period. The combination of medical office improvements, an existing healthcare tenant roster, and proximity to the hospital defines the property’s current operating profile.
Key Highlights
- 19,492‑square‑foot, four‑story medical office building
- Fully renovated in 2017 with contemporary finishes
- Healthcare tenant roster includes 4Ever Young Anti‑Aging Solutions, Encore MRI, Aesthetix Dermatology, and Coastal Infusion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$516,635
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,332,700
$10.3M
Cap Rate 7%
$7,380,500
$7.4M
Cap Rate 9%
$5,740,389
$5.7M
Market Conditions
NOI Build-Up for 19,492 SF
Gross rent
$888.8K $45.60/SF
− Vacancy
−$200.0K −$10.26/SF
EGI
$688.8K $35.34/SF
− OpEx
−$172.2K −$8.84/SF
NOI
$516.6K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,332,700
Cap Rate 7%
$7,380,500
Cap Rate 9%
$5,740,389
Alternative Uses
Best Use
Office B
$7.38M
$6.46M – $8.61M
NOI $516,635 @ 7.0% cap · market cap 7.13%
Second Best
Healthcare Medical
$3.67M
$3.21M – $4.28M
NOI $256,827 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$9.89M
$8.65M – $11.54M
NOI $692,238 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,818
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four-story healthcare property with established tenants, contemporary finishes, and on-site parking.
Where is this medical office space located?
The property is located at 4331 N Federal Hwy Oakland Park, FL.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 19,492‑square‑foot, four‑story medical office building; Fully renovated in 2017 with contemporary finishes; Healthcare tenant roster includes 4Ever Young Anti‑Aging Solutions, Encore MRI, Aesthetix Dermatology, and Coastal Infusion
