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Property profile & analytics
FOR LEASE
Office buildings
1560 Sawgrass Corporate Pkwy 4TH, Sunrise, FL 33323
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2376547
For Lease
1 / 9
$12 SF/Yr
1560 Sawgrass Corporate Pkwy,Unit 4TH, Sunrise, FL 33323
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Property summary
AI-generated overview
This Class A, 24,469 square foot office building in Sunrise, Florida, offers flexible workspace solutions. Located at 1560 Sawgrass Corporate Pkwy, 4th Floor, Fort Lauderdale, FL 33323, this Broward County property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features elevators. Space is divisible down to 10 square feet, with a maximum contiguous space of 1,300 square feet. The property offers various configurations, including executive office suites, coworking spaces, and creative office layouts, catering to diverse business needs. Its convenient location provides easy access to I-595, ensuring quick commutes to Fort Lauderdale and the airport. The building's attractive design, ample parking, and proximity to a weekly Farmers' Market add to its appeal. This is an exceptional opportunity for businesses seeking a modern, well-maintained office space in a vibrant location. The property is ideal for multiple tenants and offers a range of sizes to accommodate various business requirements.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
CONCRETE
Total area
98,715 SF
Lot
7.45 ac (324,569 SF)
Zoning code
B-3
APN
49-40-34-03-0055
UPID
US18-2376547
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.04M
Owner & transaction history
Sunrise Sawgrass LLC · 6 yrs held
Sunrise Sawgrass LLC
since 2019
5 recorded transactions
Zoning & alternative use
B-3 · Sunrise, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sunrise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunrise submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$37,450,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$24.04M
Range $21.64M – $26.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$427,827
Tax year 2023
Assessed value
$19,389,890
Assessed 2023
Previous assessed
$19,261,560
+0.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$2,596,550
Assessed improvement
$16,793,340
Land market value
$2,596,550
Improvement market value
$16,793,340
Total market value
$19,389,890
Applied tax rate
2,112.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
98,715 SF
Lot
7.45 ac (324,569 SF)
Zoning code
B-3
APN
49-40-34-03-0055
UPID
US18-2376547
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Sunrise, FL
Zoning B-3 · permitted uses
B-3 · Sunrise, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunrise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$37.5M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
7.45 ac
Current owner
From public records · entity-resolved
Sunrise Sawgrass LLC
Entity
Mailing address
3455 PEACHTREE RD NE STE #700, ATLANTA, GA 30326-4203
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2019
$80,270,000
Sunrise Sawgrass LLC
Sawgrass Office Fl Jv LLC
Trustees Deed
related
$60,905,000 · Wells Fargo Bk
Oct 16, 2015
$75,000,000
Sawgrass Office Fl Jv LLC
F6 Sawgrass LLC
Grant Deed
related
$51,130,000 · Jp Morgan Chase Bk
Aug 1, 2012
$14,200,000
F6 Sawgrass LLC
Bit Investment Forty-five LLC
Grant Deed
—
Oct 1, 2007
$23,550,000
Bit Investment Forty-five LLC
Teachers Ins & Annuity Assn Of Am
Grant Deed
—
Dec 5, 2000
$15,000,000
Insurance Teachers
International Place Ltd
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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