Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1455 N Park Dr Weston, FL 33326

    • Office buildings
    • 10,817 SF
    • 1.00 lot acres
    For Sale
    View listing
    $10,699,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6149819
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1455 N Park Dr

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    1.00 lot acres
    Property size
    10,817 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    50-40-17-02-0057
    APU
    504017020057

    Description

    This exceptional commercial property in Weston, Florida presents a rare investment opportunity. Situated on a 2.24-acre lakefront lot (approximately 97,531 square feet), this property comprises two separate two-story office buildings. The North Building offers approximately 10,817 square feet, while the South Building provides approximately 21,087 square feet, totaling approximately 31,904 square feet. Both buildings boast a range of office spaces, including private offices, open bullpens, semi-private offices, multiple conference rooms, well-equipped kitchen facilities, and ample restrooms. Shared parking is conveniently available for both buildings. Detailed floor plans are accessible upon request. The property benefits from a highly desirable location, offering easy access to major roadways, including Weston Road, and is in close proximity to a variety of shopping and dining options. Currently leased to a long-term, reliable tenant under a Triple Net (NNN) lease, the lease expires on March 24, 2024. The buyer is responsible for verifying all square footage measurements at their own expense. This property presents a compelling investment opportunity due to its prime location, substantial size, and existing tenancy. Don't miss this chance to acquire a significant commercial asset in the thriving Weston market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,469,000
      Market price range: $833k - $4.92M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,120,000
      Current use
      INDUSTRIAL (GENERAL)
      $5,085,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $5,040,000
      Change: -2% Conversion: Easy
      RETAIL STORES
      $4,105,000
      Change: -20% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Weston
    County
    Broward
    State
    Florida
    Longitude
    -80.3656
    Latitude
    26.1012
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,889
    $522,910
    $2,179,210
    $2,702,120
    -
    $522,910
    $2,179,210
    $2,702,120

    Comparable in this City

    • Value Estimation
      $2,280,000
      6,601 SF

      1835 Corporate Lks Blvd

      PROFESSIONAL BUILDING • 6,601 SF
      1835 Corporate Lks Blvd, Weston, FL 33326-3211
      View Details
    • Value Estimation
      $3,725,000
      11,446 SF

      1830 Main St

      OFFICE BUILDING (MULTI-STORY) • 11,446 SF
      1830 Main St, Weston, FL 33326-3684
      View Details
    • Value Estimation
      $17,095,000
      73,660 SF

      510 Shotgun Rd

      OFFICE BUILDING (MULTI-STORY) • 73,660 SF
      510 Shotgun Rd, Sunrise, FL 33326-1956
      View Details
    • Value Estimation
      $39,575,000
      100,080 SF

      2100 Commerce Pkwy

      OFFICE BUILDING (MULTI-STORY) • 100,080 SF
      2100 Commerce Pkwy, Weston, FL 33326-3234
      View Details
    • Value Estimation
      $40,145,000
      99,752 SF

      2200 Commerce Pkwy

      OFFICE BUILDING (MULTI-STORY) • 99,752 SF
      2200 Commerce Pkwy, Weston, FL 33326-3258
      View Details
    • Value Estimation
      $1,710,000
      5,898 SF

      1875 Corporate Lks Blvd

      OFFICE BUILDING • 5,898 SF
      1875 Corporate Lks Blvd, Weston, FL 33326-3270
      View Details

    Similar Nearby for Sale

    • $1,825,000
      5,486 SF

      Weston Freestanding Office Building

      Freestanding office building in Weston, 100% occupied, great investment.
      1565 N Park Dr, Weston, FL 33326
      View Details
    • $10,699,000
      Pending

      Weston Office Property For Sale

      Two-building office property in Weston, Florida, near amenities.
      1455 N Park Dr, Weston, FL 33326
      View Details
    • $10,699,000
      Pending

      Weston Commercial Property on Lake

      Two-building office property in Weston, Florida, near amenities.
      1455 N Park Dr, Weston, FL 33326
      View Details
    • $1,825,000

      Freestanding Office Building in Weston

      5,486 SF office building near I-75, fully occupied.
      1565 N Park Dr, Weston, FL 33326
      View Details
    • $2,750,000

      Weston Office Building For Sale

      Prime Weston location, 6,601 sq ft office building.
      1835 Corporate Lk Blvd, Weston, FL 33326
      View Details
    • Contact for pricing

      Flex Space in Business Park

      Versatile flex space with office and warehouse components.
      735 Shotgun Rd, Sunrise, FL 33326
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,290 SF

      Weston Office Campus For Rent

      Two-building office campus with walkable amenities and ample parking.
      2000 Ultimate Way, Weston, FL 33326
      View Details
    • $1.82 SF/Yr
      9,547 SF

      Weston Office Suite: Main Street

      9,547 sq ft Office Space, Main Street Weston
      1825 Main St, Weston, FL 33326
      View Details
    • $1.19 SF/Yr
      9,547 SF

      Weston Office Space: Main Street

      9,547 sq ft Office Suite, Prime Weston Location
      1825 Main St, Weston, FL 33326
      View Details
    • Sponsored
      New
      Contact for pricing

      Weston Pointe II

      Discover many ways to work your way in Weston Pointe II
      2200 Commerce Pkwy, Weston, FL 33326
      View Details
    • $1.00 SF/Yr

      Office Space in Weston, FL

      Office space for rent on Main Street in Weston.
      1825 Main St, Weston, FL 33326
      View Details
    • $0.89 SF/Yr
      9,547 SF

      Prime Weston Office Suite, 9547 SF

      Single-tenant office, Main St. Weston, immediate occupancy.
      1825 Main St, Weston, FL 33326
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1455 N Park Dr
    Weston, FL 33326
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!