Medical Office Condo For
7171 N University Dr Tamarac, FL 33321
7171 N University Dr, Tamarac, FL, 33321
Contact for pricing
For Sale
Contact for pricing
Ground floor suite in Tamarac near HCA Woodmont Hospital.
Property Size9,207 SF
Lot Size2.60 Acres
Price / SF$347.56
Days on Market865
Property Features for 7171 N University Dr
General Information
- Standard status
- Active
- Size
- 9,207 SF
- Lot size
- 2.60 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1994
Listing Agency
Box Real Estate LLC
(954) 526-3900
Listed by
Jason Chamely · License #3180591
Source
Crexi
Added: Mar 6, 2024 Checked: Jul 17 at 10:57 am
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 Box Real Estate LLC
Investment Insights
Based on property information with market context.
The property at 7171 N University Drive is a 3-story medical office condominium building situated on 2.6 acres. The available space is the entire ground floor, Suite 100, which encompasses 9,207 square feet. Currently operating as an orthopedic practice, Suite 100 features 13 exam rooms, 2 imaging rooms, and 5 additional offices. It also includes a large reception and waiting area, as well as a full physical therapy wing complete with a pool. The location in Tamarac is adjacent to HCA Woodmont Hospital, a 327-bed facility with a full emergency room. The building is not affiliated with the hospital and sits off the main campus. The sale of Suite 100 could include additional ownership, potentially giving the buyer a controlling stake in the building and association management control. The property is currently owner-occupied, and lead time will be required to vacate upon sale. A lease-back option or shared use with a complementary practice may be considered.
Key Highlights
- 9,207 sqft ground floor suite ideal for medical practice, currently an Orthopedic Practice.
- Located adjacent to HCA Woodmont Hospital (327 beds, full ER) in Tamarac.
- Features 13 exam rooms, 2 imaging rooms, 5 offices, large reception/waiting area, and full physical therapy wing with pool.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $419.8k | $45.60 |
| − Vacancy | −$94.5k | −$10.26 |
| EGI | $325.4k | $35.34 |
| − OpEx | −$81.3k | −$8.84 |
| NOI | $244.0k | $26.51 |
9,207 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.49M
$3.05M – $4.07M
NOI $244,032 @ 7.0% cap · market cap 7.63%
Second Best
Healthcare Medical
$1.73M
$1.52M – $2.02M
NOI $121,311 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$4.67M
$4.09M – $5.45M
NOI $326,977 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Arthur's Pharmacy and Medical supply — 5816 N University Dr, Tamarac, FL 33321
- Pet Emergency Center — 7110 N University Dr, Tamarac, FL 33321
- Russell Swift Holistic — 7154 N University Dr, Tamarac, FL 33321
FAQs
What type of property is this?
Medical Office Space - Ground floor suite in Tamarac near HCA Woodmont Hospital.
Where is this medical office space located?
The property is located at 7171 N University Dr Tamarac, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 9,207 sqft ground floor suite ideal for medical practice, currently an Orthopedic Practice.; Located adjacent to HCA Woodmont Hospital (327 beds, full ER) in Tamarac.; Features 13 exam rooms, 2 imaging rooms, 5 offices, large reception/waiting area, and full physical therapy wing with pool.
