Two-Story Corner Office
For Sale
$479,000
Pending
7800 W Oakland Park Blvd 101, Fort Lauderdale, FL 33351
Two-level suite with elevator access, reception, private offices, conference room, and two restrooms in a complex with ample parking.
Property Size2,415 SF
Days on Market66
Property Features for 7800 W Oakland Park Blvd 101
General Information
Standard status
Pending
Size
2,415 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,937
Building Details
Year Built
1980
Stories
2
Listing Agency:
TOTAL R E CONSULTANTS INC
(954) 551-9427
Listed By:
J. Josep D Pelayo · License #3005451
(954) 551-9427
Source:
Elliman
Added: Jun 15
Changed: Aug 8
Last Checked: Jul 23 at 3:31AM
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
Investment Insights
Based on property information with market context.
This two-story corner office/medical unit offers elevator access and a functional internal layout designed for professional use. The space includes a reception area, six offices, a conference room, two restrooms, and an open area. Freshly painted finishes are already in place, and the carpet has been removed to support new owner customization.
The unit sits within the tropical Belle Terre complex and benefits from plenty of on-site parking. Building A is described as suitable for medical or professional use, with frontage to Oakland Park.
For tenants or buyers seeking a ready-to-customize office and/or medical environment, Unit #101 provides multiple private offices plus a dedicated conference room alongside shared reception and restroom facilities. The combination of elevator-served two-level space, ample parking, and frontage supports a straightforward transition for professionals evaluating a medical or office configuration.
The unit sits within the tropical Belle Terre complex and benefits from plenty of on-site parking. Building A is described as suitable for medical or professional use, with frontage to Oakland Park.
For tenants or buyers seeking a ready-to-customize office and/or medical environment, Unit #101 provides multiple private offices plus a dedicated conference room alongside shared reception and restroom facilities. The combination of elevator-served two-level space, ample parking, and frontage supports a straightforward transition for professionals evaluating a medical or office configuration.
Key Highlights
- Two‑story corner office/medical unit in the Belle Terre complex with elevator access
- 2415+/- SF office/medical space with reception area, six offices, and a conference room
- Includes two restrooms and an open area
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
$32,516
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
6.79%
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%
$650,320
$650.3K
Cap Rate 7%
$464,514
$464.5K
Cap Rate 9%
$361,289
$361.3K
Market Conditions
NOI Build-Up for 2,415 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
$58.0K $24.00/SF
− Vacancy
−$3.8K −$1.56/SF
EGI
$54.2K $22.44/SF
− OpEx
−$21.7K −$8.98/SF
NOI
$32.5K $13.46/SF
Area
Fort Lauderdale, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$650,320
Cap Rate 7%
$464,514
Cap Rate 9%
$361,289
Alternative Uses
Best Use
Office B
$991.1K
$867.2K – $1.16M
NOI $69,378 @ 7.0% cap · market cap 14.48%
Second Best
Healthcare Medical
$464.5K
$406.5K – $541.9K
NOI $32,516 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,602 @ 7.0% cap · market cap 23.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 33351, FL
36,913
Population
13,843
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
6,711
Density / Sq Mi
$68,996
Median Household Income
$40,013
Median Earnings
$1,881
Median Rent
$352,500
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-level suite with elevator access, reception, private offices, conference room, and two restrooms in a complex with ample parking.
Where is this office units located?
The property is located at 7800 W Oakland Park Blvd 101 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two‑story corner office/medical unit in the Belle Terre complex with elevator access; 2415+/- SF office/medical space with reception area, six offices, and a conference room; Includes two restrooms and an open area
