Renovated Medical Office
New
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 Market5
Property Features for 4331 N Federal Hwy
General Information
Standard status
Active
Size
19,492 SF
Total Parking Spaces
68
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Square Feet: 24363
Parcel Number: 494224060180, Tax Annual Amount: $96,184, Tax Legal Description: CORAL WOODS COMMERCIAL 34-22 B LOT 13 LESS S 150
Business Type: Medical Office, Special Listing Conditions: Sale, Standard Status: Active
Year Built: 1973, Building Area Total: 19492, Building Name: 4331 Medical Office, Structure Type: Free Standing
County Or Parish: Broward County
Leasable Area Units: Square Feet
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
(305) 281-8087
Listed By:
Benedict Gutierrez · License #3085829
(305) 281-8087
Source:
Riserealty
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 16 at 6:21AM
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 = 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
$516,635
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
7.13%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
