Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8870 W Oakland Park Blvd Sunrise, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Modern office building in Sunrise, FL with long-term tenant.

    Type:OFFICE
    Property size:
    3,244 SF
    Lot size:
    2.32 Acres
    Price / SF:
    $339/SF
    Added:
    Apr 8, 2025
    Days on Market:
    388
    Last Refresh:
    Apr 5 at 9:50 pm

    Property Features for 8870 W Oakland Park Blvd

    General Information

    Standard status
    Active
    Size
    3,244 SF
    Lot size
    2.32 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jordan Beck

    Listing agent Jordan Beck

    Listing office Berger Commercial Realty Corp - Fort Lauderdale

    Listing date Apr 8, 2025

    Source Moodyscre

    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 Berger Commercial Realty Corp - Fort Lauderdale

    Overview

    Sunrise Office Building For Sale

    This office building in Sunrise, FL, presents an investment opportunity with a chiropractic location under a newly signed triple net lease featuring 3% annual escalations. Constructed in 2009, the property encompasses 3,244 square feet of modern, well-maintained space. The building consists of one unit and is zoned B3, offering versatility for various professional uses. Its location in the Sunrise area provides accessibility and visibility. The property has a leasing history and existing tenant base. This turnkey investment offers returns and long-term value for office building investors.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.1087
    Latitude
    26.1426

    Nearby Similar for Sale

    • $399,000

      Renovated Office Condominiums Near City Hall

      Professional and medical office condominiums near Sunrise City Hall.
      8890 W Oakland Park Blvd, Sunrise, FL 33351
      View Details
    • $750,000
      2,255 SF

      Sunrise Office Unit For Sale

      Office unit in Sunrise, Florida, with 2,255 square feet.
      6120 NW 11th Street, Sunrise, FL
      View Details
    • $1,129,000

      Sunrise Office Condo For Sale

      One-story office condo in prime Weston area location.
      1007 Shotgun Rd, Sunrise, FL 33326
      View Details
    • $1,129,000

      Sunrise Office in Weston Area

      2,750 SF office space with 9 private offices.
      1007 Shotgun Rd, Sunrise, FL 33326
      View Details
    • $2,975,000
      7,981 SF

      Sunrise Flex Retail/Warehouse Space

      Flex retail/warehouse space with frontage on University Drive.
      2050 N University Drive, Sunrise, FL
      View Details
    • $889,000

      Sunrise Commercial Unit with Office

      2,250 SF commercial unit with office and flex space.
      Sunrise, FL 33326
      View Details
    • $200,000

      Sunrise Retail Investment Opportunity

      Corner unit retail space with tenant in place, Sunrise, FL.
      Sunrise, FL 33351
      View Details
    • $1,129,000
      2,750 SF

      Turnkey Office Condo in Weston

      One-story office condo in prime Weston area location.
      1007 Shotgun Rd, Sunrise, FL 33326
      View Details
    • $795,900

      Freestanding Building in Prime Location

      Freestanding building suitable for medical, professional office, or mixed-use.
      6190 NW 11th St, Sunrise, FL
      View Details
    • $195,000

      Profitable Glass Installation Business Opportunity

      Turnkey glass installation business with luxury showroom in Sunrise, FL.
      Sunrise, FL 33323
      View Details
    • $149,000

      Turnkey Restaurant Business Opportunity

      Established restaurant with delivery model and consistent cash flow.
      Sunrise, FL 33323
      View Details
    • $495,000
      2,255 SF

      Retail Storefronts in Sunrise

      Three adjacent retail storefronts in up-and-coming West Sunrise area.
      6132 NW 11th St 14-2, Sunrise, FL
      View Details

    FAQs

    What type of property is this?
    Office building - Modern office building in Sunrise, FL with long-term tenant.
    Where is this office building located?
    The property is located at 8870 W Oakland Park Blvd Sunrise, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Strategic location in the bustling Sunrise area with easy accessibility and visibility.; Newly signed triple net lease with 3% annual escalations.; Turnkey investment promising immediate returns.
    (954) 802-6031 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jordan Beck
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!