Turnkey Medical Office
For Sale
Contact for pricing
7353 NW 4th Street, Plantation, FL 33317
Turnkey medical facility with a spacious waiting room, multiple exam rooms, and dedicated clerical and insurance space.
Property Size5,315 SF
Price / SF$474.13
Days on Market111
Property Features for 7353 NW 4th Street
General Information
Standard status
Active
Size
5,315 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$171,408
Additional Details
Business Included
Yes
Building Details
Year Built
1986
Buildings
1
Units
28
Tenancy
Single
Listing Agency:
KW Commercial Phoenix/Glendale-Peoria
Listed By:
Andrew Ostrander · License #AZ SA025914000
(623) 939-8900
Source:
Crexi
Added: May 18
Changed: Aug 28
Last Checked: Sep 1 at 8:34PM
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 KW Commercial Phoenix/Glendale-Peoria
Investment Insights
Based on property information with market context.
This turnkey medical office facility is configured for day-to-day clinical and administrative operations. The interior includes a spacious waiting room, multiple exam rooms, and dedicated areas for clerical and insurance operations to support a streamlined workflow. Owner and physician amenities are also included, with private entrance access and covered parking.
The building further includes office suites with private restrooms, offering added convenience and privacy for on-site professionals.
As presented, the property is available for sale with a newly signed lease.
The building further includes office suites with private restrooms, offering added convenience and privacy for on-site professionals.
As presented, the property is available for sale with a newly signed lease.
Key Highlights
- Medical facility built in 1986
- Newly signed lease in place
- Spacious waiting room plus multiple exam rooms
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
$140,874
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
5.59%
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%
$2,817,480
$2.8M
Cap Rate 7%
$2,012,486
$2.0M
Cap Rate 9%
$1,565,267
$1.6M
Market Conditions
NOI Build-Up for 5,315 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
$242.4K $45.60/SF
− Vacancy
−$54.5K −$10.26/SF
EGI
$187.8K $35.34/SF
− OpEx
−$47.0K −$8.84/SF
NOI
$140.9K $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%
$2,817,480
Cap Rate 7%
$2,012,486
Cap Rate 9%
$1,565,267
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,874 @ 7.0% cap · market cap 5.59%
Second Best
Healthcare Medical
$1.00M
$875.4K – $1.17M
NOI $70,030 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,757 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
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
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 - Turnkey medical facility with a spacious waiting room, multiple exam rooms, and dedicated clerical and insurance space.
Where is this medical office space located?
The property is located at 7353 NW 4th Street Plantation, FL.
What is the asking price?
The asking price for this property is $2,520,000.
What are key features of this property?
This property features: Medical facility built in 1986; Newly signed lease in place; Spacious waiting room plus multiple exam rooms
