Property profile

2937 Cypress Creek Rd Fort Lauderdale, FL 33309

OFF-MARKET
Office Spaces
10,690 SF
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Property summary

AI-generated overview

This exceptional 10,690 square foot, Class B office building in Fort Lauderdale, Florida, presents a compelling investment or owner-user opportunity. Located at 2937 W Cypress Creek Rd, 33309, this two-story building boasts a desirable location, offering easy access to major interstates, restaurants, services, and the Fort Lauderdale Executive Airport. The property, comprised of four condo parcels, is currently vacant and available for immediate occupancy by February 2025, allowing for complete customization. Alternatively, the building can be delivered with one tenant occupying approximately 2,500 square feet. The building features excellent condition suites with high-quality finishes and desirable layouts. The upper floor comprises a single, approximately 5,300 square foot unit, while the ground floor offers two additional suites. Built in 2003 and part of a well-maintained ten-building office condo park, the building benefits from recent exterior painting, hurricane impact windows, and a fully redundant backup generator. The Boulevard Business (B-1) District zoning allows for diverse uses, including medical offices, expanding potential investment returns. Priced at $2,350,000 ($219.83/SF), this property offers significant upside potential for investors seeking a strong foothold in the thriving Fort Lauderdale market.

Property profile

Verified
Property type Office Spaces
Total area 10,690 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership Shipping Company
  • Real Estate Agency
  • Architect
  • Freight Service Logistics Company
  • Engineering Consultant

Location

2937 Cypress Creek Rd Fort Lauderdale, FL 33309
Fort Lauderdale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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