Freestanding Medical Office
For Sale
Contact for pricing
789 S Federal Highway S, Fort Lauderdale, FL 33316
Modern clinical layout with US 1 frontage near downtown Fort Lauderdale and the Rio Vista neighborhood.
Property Size7,503 SF
Price / SF$0.01
Days on Market62
Property Features for 789 S Federal Highway S
General Information
Standard status
Active
Size
7,503 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1998
Listing Agency:
Better Homes & Gdns RE Fla 1st
(954) 525-2200
Listed By:
Ruth Buttendorf · License #0661434
(305) 439-9024
Source:
Lehmannflorida
Added: Aug 18
Changed: Oct 16
Last Checked: Oct 16 at 9:32AM
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 Better Homes & Gdns RE Fla 1st
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office property features a modern interior buildout designed for clinical operations. The space previously accommodated combined pediatrics and orthopedic practices, providing a specialized medical-office configuration within a standalone building constructed in 1998.
The property fronts S. Federal Highway, also identified as US 1, near downtown Fort Lauderdale and the Rio Vista neighborhood. Las Olas and the New River are minutes away, while the surrounding area is characterized by limited walkability, moderate transit access, and a car-oriented setting.
The property fronts S. Federal Highway, also identified as US 1, near downtown Fort Lauderdale and the Rio Vista neighborhood. Las Olas and the New River are minutes away, while the surrounding area is characterized by limited walkability, moderate transit access, and a car-oriented setting.
Key Highlights
- Freestanding medical office building with a modern clinical buildout
- Previously used by combined pediatrics and orthopedic practices
- Frontage on S. Federal Highway and US 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,020,400
$2.0M
Cap Rate 7%
$1,443,143
$1.4M
Cap Rate 9%
$1,122,444
$1.1M
Market Conditions
NOI Build-Up for 7,503 SF
Gross rent
$180.1K $24.00/SF
− Vacancy
−$11.7K −$1.56/SF
EGI
$168.4K $22.44/SF
− OpEx
−$67.3K −$8.98/SF
NOI
$101.0K $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 Rate 5%
$2,020,400
Cap Rate 7%
$1,443,143
Cap Rate 9%
$1,122,444
Alternative Uses
Best Use
Office B
$3.08M
$2.69M – $3.59M
NOI $215,546 @ 7.0% cap · market cap 439,889.80%
Second Best
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $101,020 @ 7.0% cap · market cap 206,163.27%
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,941 @ 7.0% cap · market cap 720,287.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,056
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Similar Off Market Nearby
- South Federal Animal Hospital — 1230 S Andrews Ave, Fort Lauderdale, FL 33316
- Robin Stelljes, D.V.M. — 1100 Federal Hwy, Fort Lauderdale, FL 33316
- Alberto L. Meilan, D.V.M — 1100 Federal Hwy, Fort Lauderdale, FL 33316
- Perez Beatriz DVM — 1100 Federal Hwy, Fort Lauderdale, FL 33316
- Veterinary Formula — 888 SE 3rd Ave suite 500, Fort Lauderdale, FL 33316
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern clinical layout with US 1 frontage near downtown Fort Lauderdale and the Rio Vista neighborhood.
Where is this medical office space located?
The property is located at 789 S Federal Highway S Fort Lauderdale, FL.
What are key features of this property?
This property features: Freestanding medical office building with a modern clinical buildout; Previously used by combined pediatrics and orthopedic practices; Frontage on S. Federal Highway and US 1
