Tamarac Woodmont Professional Centre
For Sale
Contact for pricing
7737 N University Drive, Tamarac, FL 33321
Corner unit in Woodmont Professional Centre, ideal for professionals.
Property Size1,152 SF
Price / SF$372.40
Days on Market761
Property Features for 7737 N University Drive
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Office
Zoning
NC
Building Details
Year Built
1991
Listing Agency:
Total R E Consultants Inc
(954) 341-3294
Listed By:
Joe Pelayo, CCIM, SIOR, CIPS · License #3005451
Source:
Crexi
Added: Jul 11, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:03AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
Located in Tamarac's Woodmont Professional Centre, Unit 101 is available for sale. This corner unit, situated on the first floor, offers approximately 1,152 square feet of space and benefits from ample parking. The current layout features a reception area, three offices, an open area, a kitchen, and a restroom. The unit is equipped with hurricane impact glass windows. Its proximity to University Hospital makes it suitable for medical practitioners. The space is also well-suited for professional industries such as legal and engineering firms. The property is zoned as a Neighborhood Commercial (NC) district.
Key Highlights
- Highly‑desired corner unit on the first floor.
- 1,152 +/- SQFT layout featuring a reception area, three offices, open area, kitchen, and restroom.
- Ample parking available.
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
$30,534
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
7.12%
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%
$610,680
$610.7K
Cap Rate 7%
$436,200
$436.2K
Cap Rate 9%
$339,267
$339.3K
Market Conditions
NOI Build-Up for 1,152 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
$52.5K $45.60/SF
− Vacancy
−$11.8K −$10.26/SF
EGI
$40.7K $35.34/SF
− OpEx
−$10.2K −$8.84/SF
NOI
$30.5K $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%
$610,680
Cap Rate 7%
$436,200
Cap Rate 9%
$339,267
Alternative Uses
Best Use
Office B
$436.2K
$381.7K – $508.9K
NOI $30,534 @ 7.0% cap · market cap 7.12%
Second Best
Healthcare Medical
$216.8K
$189.7K – $253.0K
NOI $15,179 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner unit in Woodmont Professional Centre, ideal for professionals.
Where is this office units located?
The property is located at 7737 N University Drive Tamarac, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Highly‑desired corner unit on the first floor.; 1,152 +/- SQFT layout featuring a reception area, three offices, open area, kitchen, and restroom.; Ample parking available.
