Renovated Medical Office
New
For Sale
$650,000
7050 NW 4TH Street #206, Plantation, FL 33317
A second-floor clinical suite combines procedure and exam rooms with dedicated reception, waiting, staff, and physician areas.
Property Size1,802 SF
Days on Market1
Property Features for 7050 NW 4TH Street #206
General Information
Standard status
Active
Size
1,802 SF
Total Parking Spaces
100
Zoning
B-2P
Additional Details
Floor
Second Floor
Taxes and HOA fees
Annual Taxes
$10,209
Building Details
Building Size
1,802 SF
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
RE/MAX Experience
Listed By:
Michael F Camardello · License #B26089258
(954) 649-6605
Source:
Laerrealty
Added: Oct 19
Last Checked: Oct 19 at 3:15AM
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 RE/MAX Experience
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Investment Insights
Based on property information with market context.
This second-floor medical office suite was renovated approximately two years ago. Its layout includes 2 procedure rooms, 4 exam rooms—2 with sinks—a reception area, waiting room, employee lounge, 2 storage rooms, an oversized physician’s office, and 2 bathrooms, one of which is ADA-accessible. The building dates to 1984.
The suite is at 7050 NW 4th Street in Plantation, near major roadways, restaurants, shopping, and professional services. Plantation Walk and Westfield Broward are among the nearby destinations.
The suite is at 7050 NW 4th Street in Plantation, near major roadways, restaurants, shopping, and professional services. Plantation Walk and Westfield Broward are among the nearby destinations.
Key Highlights
- Renovation completed approximately two years ago
- 2 procedure rooms and 4 exam rooms, including 2 with sinks
- Reception area, waiting room, and employee lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,762
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,240
$955.2K
Cap Rate 7%
$682,314
$682.3K
Cap Rate 9%
$530,689
$530.7K
Market Conditions
NOI Build-Up for 1,802 SF
Gross rent
$82.2K $45.60/SF
− Vacancy
−$18.5K −$10.26/SF
EGI
$63.7K $35.34/SF
− OpEx
−$15.9K −$8.84/SF
NOI
$47.8K $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%
$955,240
Cap Rate 7%
$682,314
Cap Rate 9%
$530,689
Alternative Uses
Best Use
Office B
$682.3K
$597.0K – $796.0K
NOI $47,762 @ 7.0% cap · market cap 7.35%
Second Best
Healthcare Medical
$339.2K
$296.8K – $395.7K
NOI $23,743 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$914.2K
$800.0K – $1.07M
NOI $63,996 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33317, FL
37,590
Population
13,625
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
3,916
Density / Sq Mi
$84,239
Median Household Income
$43,317
Median Earnings
$1,986
Median Rent
$449,900
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - A second-floor clinical suite combines procedure and exam rooms with dedicated reception, waiting, staff, and physician areas.
Where is this medical office space located?
The property is located at 7050 NW 4TH Street #206 Plantation, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Renovation completed approximately two years ago; 2 procedure rooms and 4 exam rooms, including 2 with sinks; Reception area, waiting room, and employee lounge
