Office Condo with Three Private
7707 N University Drive #108, Tamarac, FL 33321
For Sale
Contact for pricing
A reception area, conference room, and kitchenette complement a compact professional office layout.
Property Size798 SF
Price / SF$2.88
Days on Market28
Property Features for 7707 N University Drive #108
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Building Details
Year Built
Stories
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep D Pelayo · License #3005451
(954) 341-3294
Source:
Wycliffecommunityrealty
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 7 at 9:26AM
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 Total R E Consultants Inc
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Investment Insights
Based on property information with market context.
This 798± square foot office condominium includes a reception area, three private offices, a conference room, and a kitchenette/break room. Built in 1987, it is located within The Centre at Woodmont, a two-story office complex in Tamarac. The property carries NC (Neighborhood Commercial) zoning, with uses subject to City of Tamarac regulations.
The office is on N University Drive, where annual average daily traffic is approximately 48,000 vehicles.
The office is on N University Drive, where annual average daily traffic is approximately 48,000 vehicles.
Key Highlights
- 798± SQFT office condominium
- Reception area, three private offices, conference room, and kitchenette/break room
- Located in The Centre at Woodmont, a two‑story office complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,151
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,020
$423.0K
Cap Rate 7%
$302,157
$302.2K
Cap Rate 9%
$235,011
$235.0K
Market Conditions
NOI Build-Up for 798 SF
Gross rent
$36.4K $45.60/SF
− Vacancy
−$8.2K −$10.26/SF
EGI
$28.2K $35.34/SF
− OpEx
−$7.1K −$8.84/SF
NOI
$21.2K $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%
$423,020
Cap Rate 7%
$302,157
Cap Rate 9%
$235,011
Alternative Uses
Best Use
Office B
$302.2K
$264.4K – $352.5K
NOI $21,151 @ 7.0% cap · market cap 919.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.9K
$354.3K – $472.3K
NOI $28,340 @ 7.0% cap · market cap 1,232.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
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Business Placement
Demographics for 33321, FL
51,011
Population
24,009
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,221
Density / Sq Mi
$60,013
Median Household Income
$38,742
Median Earnings
$1,846
Median Rent
$259,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Broward County, FL
Properties on Market for Office Units in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, conference room, and kitchenette complement a compact professional office layout.
Where is this office unit located?
The property is located at 7707 N University Drive #108 Tamarac, FL.
What are key features of this property?
This property features: 798± SQFT office condominium; Reception area, three private offices, conference room, and kitchenette/break room; Located in The Centre at Woodmont, a two‑story office complex
