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    3122 Commercial Blvd Fort Lauderdale, FL 33308-4327
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    Property profile & analytics

    3122 Commercial Blvd, Fort Lauderdale, FL 33308-4327

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    • Medical Office Space
    • 6,373 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US18-4666769
    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.
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LaForges Inpatient Alcohol Detox Center / Medical Clinic
    • MRI Scan & Imaging Center: Kagan Robert MD / Physician
    • MRI Scan & Imaging Center / Medical Clinic
    • PET Scan Fort Lauderdale / Medical Clinic

    Property Details for 3122 Commercial Blvd

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Zone code
    CB
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    49-42-13-07-1110
    APU
    494213071110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 20, 2020 — Robert L Kagan — Deed · related $381k · Marquis Bk
    Feb 1, 2005 — Robert L Kagan Robert Kagan Intrafamily Transfer · related $800k · Bank Of Florida
    — — Robert L|barnett Bonnie Kagan — Deed Of Trust · related $1.5M · Marquis Bk
    — — Robert L Kagan — Deed Of Trust · related $1.7M · Marquis Bk
    — — Robert L Kagan — Loan Modification · related $381k · Marquis Bk
    — — Robert L Kagan — Deed Of Trust · related $410k · Branch Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,430,000
      6.5%
      $1,320,000
      7%
      $1,225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1041
    Latitude
    26.1894
    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
    $26,061
    $349,630
    $827,520
    $1,177,150
    -
    $349,630
    $827,520
    $1,177,150

    Comparable in this City

    • Value Estimation
      $3,010,000
      15,214 SF

      6000 Federal Hwy

      MEDICAL BUILDING
      6000 Federal Hwy, Fort Lauderdale, FL 33308-2226
      View Details
    • Value Estimation by Request
      1,253 SF

      231 Commercial Blvd, Unit B

      MEDICAL BUILDING
      231 Commercial Blvd, Lauderdale By The Sea, FL 33308-4441
      View Details
    • Value Estimation
      $2,600,000
      11,949 SF

      1925 45th St

      MEDICAL BUILDING
      1925 45th St, Fort Lauderdale, FL 33308-5121
      View Details
    • Value Estimation
      $730,000
      1,866 SF

      3343 33rd St

      MEDICAL BUILDING
      3343 33rd St, Fort Lauderdale, FL 33308-7109
      View Details
    • Value Estimation
      $3,825,000
      27,181 SF

      2021 Commercial Blvd

      MEDICAL BUILDING
      2021 Commercial Blvd, Fort Lauderdale, FL 33308-3763
      View Details
    • Value Estimation
      $1,855,000
      10,447 SF

      4640 Federal Hwy

      MEDICAL BUILDING
      4640 Federal Hwy, Fort Lauderdale, FL 33308-5205
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Second-Generation Medical Office Suites

      Second-floor medical suites on the Holy Cross Hospital campus offer an established healthcare setting with turnkey services.
      1930 NE 47Th St, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing

      Fort Lauderdale Medical Office Building

      Two-story medical office building on Commercial Boulevard, 100% leased.
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      44,564 SF

      Fort Lauderdale Medical Office Building

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      View Details
    • $2,900,000

      Established Med Spa Business Opportunity

      Turnkey Fort Lauderdale med spa with strong financials and loyal clientele.
      N Federal Hwy, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,594 SF

      Office Space Near Holy Cross

      Office space for lease near Holy Cross Hospital campus.
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    • Contact for pricing

      Turnkey Medical/Professional Office Suite

      Ground floor office suite in Galt Ocean Plaza.
      3302 NE 34Th St, Fort Lauderdale, FL 33308
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    • $3,500 /Mo

      Salon Space in High Demand Area

      Well-located salon space with existing infrastructure in Fort Lauderdale.
      3324 NE 33Rd St, Fort Lauderdale, FL 33308
      View Details
    • $1,000 /Mo
      8,002 SF

      Lauderdale By The Sea Treatment Room

      Renovated treatment room for rent, two minutes from the ocean.
      218 Commercial Blvd, Lauderdale by the Sea, FL 33308
      View Details
    • $3,500 /Mo
      2,614 SF

      Salon Space in High Demand Area

      Well-located salon space with excellent visibility and accessibility.
      3324 NE 33Rd St, Fort Lauderdale, FL 33308
      View Details
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    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
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