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Property profile & analytics
FOR LEASE
Office buildings

2229 N Commerce Pkwy Weston, FL 33326

32,559 SF 3.08 ac lot Built 1999
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-3737311
2229 N Commerce Pkwy, Weston, FL 33326 For Lease
$29 SF/Yr
2229 N Commerce Pkwy, Weston, FL 33326
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Property summary
AI-generated overview

This exceptional two-story, 30,100 square foot Class B medical office building is situated on a 3.08-acre lot in the thriving city of Weston, Florida. Built in 1999, the property boasts a single building with multiple tenants, offering a diverse and established medical presence. Currently, the building houses a dynamic mix of medical professionals, including a surgery center, imaging group, physical therapy practice, and dermatology clinic, demonstrating strong tenant demand and a stable occupancy rate. The building features convenient amenities such as elevators. One suite of 1,600 square feet is currently available, presenting a unique opportunity for expansion or relocation within a well-established medical community. The property's location at 2229 N Commerce Pkwy, Weston, FL 33326, provides excellent visibility and accessibility within Broward County. This is an ideal investment for medical professionals seeking a turnkey operation in a high-demand area. The property's strong tenant mix and established presence make it a compelling opportunity for long-term growth and return. The available suite provides immediate occupancy potential for a variety of medical practices.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1999
Construction CONCRETE
Total area 32,559 SF
Lot 3.08 ac (134,288 SF)
Zoning code O-1
APN 50-40-17-02-0371
UPID US18-3737311
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
$11.67M
CAP Approach CAP
$15.35M
Comparable Approach Comparable
$17.20M
Blend (final) Blend
$16.75M
Owner & transaction history
Florida Business Development Corpor · 3 yrs held
Florida Business Development Corpor
since 2022
Last sale
$17.2M
7 recorded transactions
2022
Price N/A
2021
$17.2M
2021
$745,400
2017
$11.5M
2016
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
O-1 · Weston, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $27.8M +80.4%
Auto repair, garage $26.4M +71.2%
Neighborhood: shopping center $24.5M +58.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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