Two-Story Corner Office/Medical
For Sale
Under Contract
$479,000
7800 W Oakland Park Boulevard, Fort Lauderdale, FL 33351
COMMERCIAL - Fort Lauderdale, FL
Property Size2,415 SF
Lot Size4.35 Acres
Price / SF$198.34
Days on Market390
Property Features for 7800 W Oakland Park Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
3850
Standard status
Active Under Contract
APN
494121bb0040
Lot size
4.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BELLE TERRE OF SUNRISE CONDO UNIT 221 PER CDO BK/PG: 8862/928
Tax Annual Amount
3937
Legal Description
BELLE TERRE OF SUNRISE CONDO UNIT 221 PER CDO BK/PG: 8862/928
Building Details
Year built
1980
Listing Agency:
Total R E Consultants Inc
(954) 341-3294
Listed By:
J. Josep D Pelayo · License #3005451
(954) 551-9427
Added: Aug 7, 2025
Changed: Aug 4
Last Checked: Aug 31 at 5:06AM
MLS# F10519470
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story corner office/medical unit is located within the Belle Terre complex and offers elevator access. The space includes a reception area, six offices, a conference room, two restrooms, and an open area. The unit has been freshly painted, and the carpeting has been removed, allowing a new owner to customize the interior.
Building A is described as suitable for medical or professional use and has frontage to Oakland Park. The complex is noted as having plenty of parking.
Unit #101 totals approximately 2 stories and is configured for a mix of private offices and shared meeting space, supported by the presence of a reception area and two restrooms.
Building A is described as suitable for medical or professional use and has frontage to Oakland Park. The complex is noted as having plenty of parking.
Unit #101 totals approximately 2 stories and is configured for a mix of private offices and shared meeting space, supported by the presence of a reception area and two restrooms.
Key Highlights
- Two‑story corner unit with elevator access.
- Suitable for medical or professional use.
- Located in the Belle Terre complex with ample parking.
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Two-story corner unit in the Belle Terre complex with elevator access, reception, offices, conference room, and parking.
Where is this medical office space located?
The property is located at 7800 W Oakland Park Boulevard 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 unit with elevator access.; Suitable for medical or professional use.; Located in the Belle Terre complex with ample parking.
