Ground-Floor Medical Office
701 Promenade Dr #D, Pembroke Pines, FL 33026
For Sale
New
Contact for pricing
The suite pairs four enclosed offices with a large open room and a private restroom.
Property Size15,670 SF
Price / SF$0.00
Days on Market4
Property Features for 701 Promenade Dr #D
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Property Use
Amenities
1.33 acres, Inside Location
Parcel Number: 514118BN0040, Public Survey Range: 51, Public Survey Section: 18, Public Survey Township: 51, Annual Amount: $9,123, Legal Description: THE REALTOR BUILDING CONDO UNIT D PER CDO BK/PG: 20896/761, Zoning: (PO)
Carpet, Ceramic Floor
Listing ID: A12121363, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-11-10, 1 day on market, Special Conditions: Lease
Free Parking
Built in 1990, Living area: 15670, Living area units: Square Feet, Construction Materials: Concrete Block With Brick, CBS Construction
County/Parish: Broward County
Leasable area: 2385, Leasable area units: Square Feet
Funding
Common Area Maintenance, Janitorial Service
Building Details
Year Built
Listing Agency:
Keller Williams Realty SW
(954) 237-0400
Listed By:
Rafael Carrero · License FL #3162134
(954) 865-6690
Source:
Riserealty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:18PM
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 Keller Williams Realty SW
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Investment Insights
Based on property information with market context.
This 2,385-square-foot medical office suite occupies the ground floor and includes a reception area, four private offices, a large open room, and a private restroom. Shared restrooms are available on each floor, and surface parking serves the property. The lease structure is triple net (NNN).
The suite is at 701 Promenade Drive, Suite 101, in Pembroke Pines, near Memorial Hospital West, Memorial Hospital Pembroke, and medical facilities along the Pines Boulevard and University Drive corridors. Its layout includes both enclosed offices and open space.
The suite is at 701 Promenade Drive, Suite 101, in Pembroke Pines, near Memorial Hospital West, Memorial Hospital Pembroke, and medical facilities along the Pines Boulevard and University Drive corridors. Its layout includes both enclosed offices and open space.
Key Highlights
- 2,385 SF ground‑floor suite at 701 Promenade Drive, Suite 101
- Reception area, four private offices, a large open room, and private restroom
- Common restrooms available on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,808
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,456,160
$5.5M
Cap Rate 7%
$3,897,257
$3.9M
Cap Rate 9%
$3,031,200
$3.0M
Market Conditions
NOI Build-Up for 15,670 SF
Gross rent
$488.9K $31.20/SF
− Vacancy
−$34.2K −$2.18/SF
EGI
$454.7K $29.02/SF
− OpEx
−$181.9K −$11.61/SF
NOI
$272.8K $17.41/SF
Area
Pembroke Pines, FL
Vacancy
7.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,456,160
Cap Rate 7%
$3,897,257
Cap Rate 9%
$3,031,200
Alternative Uses
Best Use
Office B
$4.40M
$3.85M – $5.13M
NOI $308,010 @ 7.0% cap
Second Best
Healthcare Medical
$3.90M
$3.41M – $4.55M
NOI $272,808 @ 7.0% cap
Theoretical Best
Office A
$6.66M
$5.82M – $7.76M
NOI $465,888 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33026, FL
30,510
Population
12,434
Households
2.5
Avg Household Size
44
Median Age
39%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
6,633
Density / Sq Mi
$87,149
Median Household Income
$48,852
Median Earnings
$1,932
Median Rent
$382,700
Median Home Value
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Market
Average Price Trend$/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
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite pairs four enclosed offices with a large open room and a private restroom.
Where is this medical office space located?
The property is located at 701 Promenade Dr #D Pembroke Pines, FL.
What are key features of this property?
This property features: 2,385 SF ground‑floor suite at 701 Promenade Drive, Suite 101; Reception area, four private offices, a large open room, and private restroom; Common restrooms available on each floor
