Two-Story Bank-Ready Office
New
For Sale
$5,500,000
8850 W Oakland Park Blvd, Sunrise, FL 33351
Commercial Sale, Sunrise, FL
Property Size12,550 SF
Lot Size1.87 Acres
Price / SF$438.25
Days on Market4
Property Features for 8850 W Oakland Park Blvd
General Information
Property type
Commercial Sale
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: Sep 24
Last Checked: Sep 27 at 1:06PM
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.
This two-story office building includes a purpose-built ground-floor banking hall and an additional office suite. The upper level contains three suites that may be configured into as many as five, supporting single-user occupancy or multiple tenants. Built in 2008, the masonry property sits on 1.871 acres and includes public water and public sewer.
The property is located at 8850 W Oakland Park Blvd in Sunrise, with frontage exposure to roughly 29,500 vehicles per day. Nearby anchors include Walmart, Lowe's, and Sunrise Town Center. The site is adjacent to The Caroline at Sunrise, a planned 21-acre development at 3363 N Pine Island Road. An adjacent parking area provides additional capacity, subject to independent verification of parking rights, easements, and encumbrances.
The property is located at 8850 W Oakland Park Blvd in Sunrise, with frontage exposure to roughly 29,500 vehicles per day. Nearby anchors include Walmart, Lowe's, and Sunrise Town Center. The site is adjacent to The Caroline at Sunrise, a planned 21-acre development at 3363 N Pine Island Road. An adjacent parking area provides additional capacity, subject to independent verification of parking rights, easements, and encumbrances.
Key Highlights
- Purpose‑built ground‑floor banking hall with an additional office suite
- Three second‑floor suites can be divided into as many as five
- Two‑story masonry building built in 2008
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
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Open Analytics
Current Use
Lease Details
5
Office units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Ground-floor banking hall with flexible office suites above supports owner-user or multi-tenant occupancy.
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: Purpose‑built ground‑floor banking hall with an additional office suite; Three second‑floor suites can be divided into as many as five; Two‑story masonry building built in 2008
