840 81St Ave North Lauderdale, FL 33068
This exceptional four-story, 55,000-square-foot Class B office building in North Lauderdale, Florida, presents a compelling investment or owner-user opportunity. Located at 840 SW 81st Ave, 33068, this 1985-built property boasts an 89% occupancy rate and a strong pro-forma NOI of $738,500, yielding a pro-forma cap rate exceeding 8%. The asking price is $8,395,000, translating to $152.64 per square foot. The building features flexible, easily customizable floor plans, ideal for a diverse range of tenants, including traditional office users, salons, and other service-oriented businesses. Many units are already built out for office, nail salon, and hair salon uses. Amenities include 24/7 access, a sizable conference room, a client waiting room, a shared kitchen, and an on-site daycare. Its strategic location between Highway 441 and University Drive, with proximity to the Turnpike, ensures excellent accessibility throughout Broward County. This multi-tenant, gross lease property offers a significant return on investment and a prime location within a thriving residential neighborhood. The building's versatility and strong tenant base make it an attractive proposition for both investors and owner-occupiers seeking a stable and profitable asset in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.