Renovated Medical Office
8050 N University Drive 101, Tamarac, FL 33321
For Sale
$700,000
The professional office space is configured as two adjoining suites for a range of office uses.
Property Size1,530 SF
Price / SF$457.52
Days on Market28
Property Features for 8050 N University Drive 101
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Related General Realty, LLC.
Listed By:
Francisco Rivera · License #0403609
(305) 301-5720
Source:
Pamandtoni
Added: Oct 12
Changed: Nov 6
Last Checked: Nov 6 at 2:25PM
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 Related General Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,530-square-foot medical office space comprises two adjoining suites, identified as 101 and 102. The property was built in 2005 and has been renovated.
Its configuration also accommodates professional office functions such as accounting, legal, and insurance services.
Its configuration also accommodates professional office functions such as accounting, legal, and insurance services.
Key Highlights
- 1,530‑square‑foot medical office space
- Two adjoining suites: 101 and 102
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,553
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,060
$811.1K
Cap Rate 7%
$579,329
$579.3K
Cap Rate 9%
$450,589
$450.6K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$69.8K $45.60/SF
− Vacancy
−$15.7K −$10.26/SF
EGI
$54.1K $35.34/SF
− OpEx
−$13.5K −$8.84/SF
NOI
$40.6K $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%
$811,060
Cap Rate 7%
$579,329
Cap Rate 9%
$450,589
Alternative Uses
Best Use
Office B
$579.3K
$506.9K – $675.9K
NOI $40,553 @ 7.0% cap · market cap 5.79%
Second Best
Healthcare Medical
$288.0K
$252.0K – $336.0K
NOI $20,159 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$776.2K
$679.2K – $905.6K
NOI $54,336 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
$259,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Broward County, FL
Properties on Market for Medical Office Space in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The professional office space is configured as two adjoining suites for a range of office uses.
Where is this medical office space located?
The property is located at 8050 N University Drive 101 Tamarac, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,530‑square‑foot medical office space; Two adjoining suites: 101 and 102; Built in 2005
