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Property profile & analytics
FOR SALE
Office buildings

5601 N Dixie Hwy Oakland Park, FL 33334

77,007 SF 1.9 ac lot Built 1979
Entity Owned 19-yr Hold Free & Clear
Property ID
US18-3049547
Property summary
AI-generated overview

This exceptional four-story medical office building, located at 5601 N Dixie Hwy in Oakland Park, Florida, presents a unique investment opportunity. The 28,527 square foot building, constructed in 1978, is currently fully vacant and offers multiple suites for lease, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 13,451 square feet. The building is classified as Class C and features a total of five individual suites, providing flexibility for various medical practices or healthcare-related businesses. Its strategic location in Broward County, with easy access via N Dixie Hwy, ensures high visibility and convenient access for patients and staff. The gross rental rate is $20.00 per square foot. This property is ideal for a single tenant seeking a large space or multiple tenants looking for smaller, individual suites. The building's size and layout offer significant potential for customization and adaptation to meet specific tenant requirements. With its prime location and immediate occupancy availability, this medical office building represents a compelling opportunity for growth and expansion in a thriving market. The zip code is 33334.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1979
Construction CONCRETE
Total area 77,007 SF
Lot 1.9 ac (82,968 SF)
Zoning code B-2
APN 49-42-11-23-0010
UPID US18-3049547
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
$21.09M
Blend (final) Blend
$17.87M
Owner & transaction history
Holy Cross Hospital INC · 19 yrs held
Holy Cross Hospital INC
since 2007
1 recorded transaction
2007
$9.5M
Zoning & alternative use
B-2 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The B-2 General Business District is intended to apply to certain arterial streets where business establishments may be located to serve large sections of the city and adjacent areas. Such businesses need a conspicuous and accessible location convenient for motorists. Uses are particularly oriented toward meeting the full service needs of city residents, inc…

Zone name General Business
General category COMMERCIAL
Zone area 179.37 ac
Source Realmo
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