Two-Story Bank-Grade Office
New
For Sale
$5,500,000
8850 W Oakland Park Blvd, Sunrise, FL 33351
SINGLE_FAMILY - Other - Sunrise, FL
Property Size12,550 SF
Lot Size1.87 Acres
Price / SF$438.25
Days on Market1
Property Features for 8850 W Oakland Park Blvd
General Information
Property type
Residential
Property subtype
Office
Zoning description
B-3
Subdivision
3840
Standard status
Active
APN
494120410010
Lot size
1.87 Acres
Taxes and HOA fees
Tax Description
BONNE CHANCE ACRES 141-32 B PAR A LESS COMM NW COR PAR A,S 108.33,E 11.60 TO POB;E 24.62, N 8.13,E 23.76,S 8.13,E 45.87, S 64.90,E 7.42;S 23
Tax Annual Amount
73790
Legal Description
BONNE CHANCE ACRES 141-32 B PAR A LESS COMM NW COR PAR A,S 108.33,E 11.60 TO POB;E 24.62, N 8.13,E 23.76,S 8.13,E 45.87, S 64.90,E 7.42;S 23
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2008
Architectural style
Other
Listing Agency:
Keller Williams Legacy · Keller Williams Realty
(954) 358-6000
Listed By:
Kevin Kohler · License #3381353
(954) 702-6710
Added: Aug 17
Last Checked: Aug 17 at 10:06AM
MLS# A12058681
Copyright © 2026 Miami REALTORS®. 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.
Located at 8850 W Oakland Park Blvd in Sunrise, this 12,550-square-foot office building contains two levels of masonry construction completed in 2008. The first floor includes a banking hall designed for financial-institution use along with an additional office suite. Upstairs, three existing suites can be reconfigured into as many as five, providing options for one occupant or multiple users.
The property has frontage exposure to approximately 29,500 vehicles per day and is positioned near Walmart, Lowe's, Sunrise Town Center, and The Caroline at Sunrise at 3363 N Pine Island Road. The site encompasses 1.871 acres and includes an adjacent parking area. Public water and public sewer serve the property. Parking rights, easements, and encumbrances require independent verification during due diligence.
The property has frontage exposure to approximately 29,500 vehicles per day and is positioned near Walmart, Lowe's, Sunrise Town Center, and The Caroline at Sunrise at 3363 N Pine Island Road. The site encompasses 1.871 acres and includes an adjacent parking area. Public water and public sewer serve the property. Parking rights, easements, and encumbrances require independent verification during due diligence.
Key Highlights
- 12,550 SF, two‑story masonry office building completed in 2008
- Bank‑configured first floor with an additional office suite
- Three second‑floor suites can be divided into as many as five
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
$332,638
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
6.05%
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%
$6,652,760
$6.7M
Cap Rate 7%
$4,751,971
$4.8M
Cap Rate 9%
$3,695,978
$3.7M
Market Conditions
NOI Build-Up for 12,550 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
$572.3K $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 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%
$6,652,760
Cap Rate 7%
$4,751,971
Cap Rate 9%
$3,695,978
Alternative Uses
Best Use
Office B
$4.75M
$4.16M – $5.54M
NOI $332,638 @ 7.0% cap · market cap 6.05%
Second Best
Specialty Retail
$3.45M
$3.02M – $4.03M
NOI $241,600 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,700 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
792
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Masonry office property with a bank-configured first floor and flexible upper-level suite layout.
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: 12,550 SF, two‑story masonry office building completed in 2008; Bank‑configured first floor with an additional office suite; Three second‑floor suites can be divided into as many as five
