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    8870 Oakland Park Blvd Sunrise, FL 33351

    For Sale
    $1,100,000

    Sunrise, FL Medical Office Investment

    Property size:
    3,244 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a single-tenant, 3,244 square foot medical office building in Sunrise, Florida. Located at 8870 W Oakland Park Blvd, this Class B property boasts a strong 5.96% cap rate, generating a substantial net operating income (NOI) of $65,560 annually. The property, built in 2009, features a single story and is zoned B3. Currently occupied by a well-established chiropractic practice under a new 5-year triple-net (NNN) lease commencing February 1st, 2025, this investment minimizes landlord responsibilities. The lease includes rent bumps, providing future income growth. The asking price is $1,100,000, translating to $339.09 per square foot. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property is part of a four-unit building, ensuring straightforward management within the association. This well-maintained building offers a secure and profitable investment opportunity with a long-term tenant in place. The property is situated in Broward County, Florida, with convenient access to major roadways and amenities. This is a turnkey investment ideal for passive income generation.

    Property Features for 8870 Oakland Park Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    3,244 SF
    Class
    B

    Building Details

    Year Built
    2009
    Stories
    1

    HighLights

    • Well‑appointed office suite (102) occupied by an established chiropractic practice.
    • Small, easily managed four‑unit building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bertelle-Semma Podiatry Medical Clinic CAFE 54 - BROWARD, ... Cafe Leonard E Zedeck ... Attorney Nasima Moody - State ... Insurance Agency Dr. Michael Fay Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.269220239504
    Latitude
    26.168186831908

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    FAQs

    What type of property is this?
    Medical office - Sunrise, FL Medical Office Investment
    Where is this medical office located?
    The property is located at 8870 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: Well-appointed office suite (102) occupied by an established chiropractic practice.; Small, easily managed four-unit building.;
    Request Owner's contact information
    8870 Oakland Park Blvd Sunrise, FL 33351
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    Sunrise, FL 33351
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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
    8870 Oakland Park Blvd Sunrise, FL 33351
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