Ground-Floor Medical Office
For Sale
Contact for pricing
4800 N STATE RD 7, Lauderdale Lakes, FL 33319
Vacant ground-floor office condo with direct exterior entry, multiple private offices, and dedicated parking for client visits.
Property Size1,302 SF
Price / SF$383.26
Days on Market52
Property Features for 4800 N STATE RD 7
General Information
Standard status
Active
Size
1,302 SF
Property subtype
Retail, Office
Building Details
Year Built
1984
Stories
1
Listing Agency:
Compass
(561) 232-7899
Listed By:
Brad Kuskin · License #BK3333122
Source:
Crexi
Added: Jun 17
Changed: Jul 10
Last Checked: Aug 3 at 10:08AM
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 Compass
Investment Insights
Based on property information with market context.
This offering is a 1,300+ square foot ground-floor office and medical condominium presented delivered vacant. The unit is configured for client-facing use with multiple private offices, a reception or waiting area, an open work area, and a private restroom. With direct exterior entry and no elevator dependency, the layout supports straightforward day-to-day operations, whether an owner-user intends to occupy as-is or customize the space to fit their needs.
Located on the high-visibility State Road 7 (US-441) corridor in Fort Lauderdale, the property is positioned for convenient access and visibility along a centrally placed Broward County route between Florida’s Turnpike and Interstate 95. The surrounding area includes retail, dining, and services, and the building is a professionally maintained, individually owned condominium project anchored by established medical and healthcare tenants.
From an operational standpoint, the unit’s individually metered setup allows the owner to control and pay for its own utility usage. On-site surface parking is available at more than four spaces per 1,000 square feet, which can be an important consideration for patient and client convenience. Offered for sale as an owner-user alternative to leasing, this ground-floor suite provides a medical-friendly configuration with direct access and flexible use for medical, dental, wellness, professional services, or general office needs.
Located on the high-visibility State Road 7 (US-441) corridor in Fort Lauderdale, the property is positioned for convenient access and visibility along a centrally placed Broward County route between Florida’s Turnpike and Interstate 95. The surrounding area includes retail, dining, and services, and the building is a professionally maintained, individually owned condominium project anchored by established medical and healthcare tenants.
From an operational standpoint, the unit’s individually metered setup allows the owner to control and pay for its own utility usage. On-site surface parking is available at more than four spaces per 1,000 square feet, which can be an important consideration for patient and client convenience. Offered for sale as an owner-user alternative to leasing, this ground-floor suite provides a medical-friendly configuration with direct access and flexible use for medical, dental, wellness, professional services, or general office needs.
Key Highlights
- 1,300 SF ground‑floor office/medical condominium (unit) built in 1984 on the State Road 7 (US‑441) corridor in Fort Lauderdale
- Delivered vacant for immediate owner‑user occupancy as‑is or customization to your specifications
- Layout includes multiple private offices, reception/waiting area, open work area, and a private restroom
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
$34,510
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
6.92%
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%
$690,200
$690.2K
Cap Rate 7%
$493,000
$493.0K
Cap Rate 9%
$383,444
$383.4K
Market Conditions
NOI Build-Up for 1,302 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
$59.4K $45.60/SF
− Vacancy
−$13.4K −$10.26/SF
EGI
$46.0K $35.34/SF
− OpEx
−$11.5K −$8.84/SF
NOI
$34.5K $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%
$690,200
Cap Rate 7%
$493,000
Cap Rate 9%
$383,444
Alternative Uses
Best Use
Office B
$493.0K
$431.4K – $575.2K
NOI $34,510 @ 7.0% cap · market cap 6.92%
Second Best
Healthcare Medical
$245.1K
$214.4K – $285.9K
NOI $17,155 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$660.6K
$578.0K – $770.7K
NOI $46,239 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,853
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33319, FL
51,891
Population
25,046
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
86%
High-School Grad
6.8 sq mi
ZIP Area
7,631
Density / Sq Mi
$55,071
Median Household Income
$35,218
Median Earnings
$1,633
Median Rent
$228,000
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 - Vacant ground-floor office condo with direct exterior entry, multiple private offices, and dedicated parking for client visits.
Where is this medical office space located?
The property is located at 4800 N STATE RD 7 Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,300 SF ground‑floor office/medical condominium (unit) built in 1984 on the State Road 7 (US‑441) corridor in Fort Lauderdale; Delivered vacant for immediate owner‑user occupancy as‑is or customization to your specifications; Layout includes multiple private offices, reception/waiting area, open work area, and a private restroom
