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    2151 Commercial Blvd Fort Lauderdale, FL 33308

    Sponsored
    For Sale
    Contact for pricing

    Fort Lauderdale medical office building, 100% occupied.

    Property size:
    14,471 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the Saban Building, a two-story, 14,471 square foot Class B medical office building located at 2151 E. Commercial Blvd, Fort Lauderdale, FL 33308. Situated on a 0.52-acre lot in Broward County's B-1 Boulevard Business District, this property boasts a prime location directly on Commercial Boulevard, offering excellent visibility and signage opportunities. Currently 100% occupied by nine tenants, the building generates a strong pro-forma NOI of $545,147.92, representing a 7.50% pro-forma cap rate. The property features ample covered parking and benefits from its strategic location across from Holy Cross Hospital's main campus and within a five-minute drive of Broward Imperial Point Hospital. Below-market lease rates present significant upside potential for rental income growth. This fully leased asset offers a compelling investment opportunity in a high-demand medical office market. The building's 9 units are spread across two stories.

    Property Features for 2151 Commercial Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    14,471 SF
    Class
    B
    Lot Size
    22,651 SF

    Building Details

    Stories
    2
    Units
    9

    HighLights

    • Below‑market lease rates offer significant rental growth potential.
    • Mostly covered parking.
    • Fully leased, two‑story building.
    • High visibility with direct Commercial Boulevard frontage and ample signage opportunities.
    • Excellent medical office location across from Holy Cross Hospital and minutes from Broward Imperial Point Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Family Place Recovery ... Addiction Treatment Center Schiuma Anthony T ... Doctor Signature Prenatal Center Obstetrician-Gynecologist Sierra Robotic Hair ... Hair Transplantation Clinic Platinum Lending Loan Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1168145
    Latitude
    26.1896343

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    FAQs

    What type of property is this?
    Medical office - Fort Lauderdale medical office building, 100% occupied.
    Where is this medical office located?
    The property is located at 2151 Commercial Blvd Fort Lauderdale, FL.
    What are key features of this property?
    This property features: Below-market lease rates offer significant rental growth potential.; Mostly covered parking.; Fully leased, two-story building.
    Request Owner's contact information
    2151 Commercial Blvd Fort Lauderdale, FL 33308
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    Realmo Value Estimation

    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.

    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.

    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
    2151 Commercial Blvd Fort Lauderdale, FL 33308
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