Office Building with Banking
8850 W Oakland Park Blvd, Sunrise, FL 33351
For Sale
New
$5,500,000
A two-story masonry property combines a purpose-built banking area with flexible office suites on both floors.
Property Size12,549 SF
Price / SF$438.28
Days on Market2
Property Features for 8850 W Oakland Park Blvd
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
5
Public
81500
12549
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
(954) 953-5363
Listed By:
Derek Olivier
Source:
Onemarketrealestate
Added: Nov 6
Last Checked: Nov 7 at 11:10AM
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 Derek Olivier
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.
Built in 2008, this two-story masonry office property includes a ground-floor banking hall and an additional office suite. The upper level contains three suites, with the option to configure the space as many as five suites. B-3 zoning is reported for the property. An adjacent parking area is also part of the site context; parking rights and related matters require independent review.
The property fronts West Oakland Park Boulevard in Sunrise, with exposure to roughly 29,500 vehicles per day. Nearby commercial anchors include Walmart, Lowe's, and Sunrise Town Center. The site is beside The Caroline at Sunrise, a planned 21-acre development at 3363 N Pine Island Road.
The property fronts West Oakland Park Boulevard in Sunrise, with exposure to roughly 29,500 vehicles per day. Nearby commercial anchors include Walmart, Lowe's, and Sunrise Town Center. The site is beside The Caroline at Sunrise, a planned 21-acre development at 3363 N Pine Island Road.
Key Highlights
- Two‑story masonry office building completed in 2008
- Ground‑floor banking hall plus one additional office suite
- Three upper‑level suites with potential division into as many as five
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$332,611
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,652,220
$6.7M
Cap Rate 7%
$4,751,586
$4.8M
Cap Rate 9%
$3,695,678
$3.7M
Market Conditions
NOI Build-Up for 12,549 SF
Gross rent
$572.2K $45.60/SF
− Vacancy
−$128.8K −$10.26/SF
EGI
$443.5K $35.34/SF
− OpEx
−$110.9K −$8.84/SF
NOI
$332.6K $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%
$6,652,220
Cap Rate 7%
$4,751,586
Cap Rate 9%
$3,695,678
Alternative Uses
Best Use
Office B
$4.75M
$4.16M – $5.54M
NOI $332,611 @ 7.0% cap · market cap 6.05%
Second Best
Specialty Retail
$3.45M
$3.02M – $4.03M
NOI $241,581 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,665 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,089
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
$352,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Broward County, FL
Properties on Market for Office buildings in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A two-story masonry property combines a purpose-built banking area with flexible office suites on both floors.
Where is this office building located?
The property is located at 8850 W Oakland Park Blvd Sunrise, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Two‑story masonry office building completed in 2008; Ground‑floor banking hall plus one additional office suite; Three upper‑level suites with potential division into as many as five
