7421-7497 4th St Plantation, FL 33317
- Office buildings
- 28,804 SF
- 2.10 lot acres
Current Use by Public Records
- Office buildings
Property Details for 7421-7497 4th St
- Year built
- 1973
- Construction
- CONCRETE
- Lot size
- 2.10 lot acres
- Property size
- 28,804 SF
- Zone code
- B-4P
- Property type
- Office buildings
- APN
- 50-41-03-37-0010
- APU
- 504103370010
Description
This single-story, 26,500 square foot office building, located at 7421-7497 NW 4th St, Plantation, FL 33317, presents a compelling value-add investment opportunity. Built in 1975 and renovated in 2018, the property boasts a 96% occupancy rate with 23 tenants primarily in medical, legal, and financial services. The building features ample parking and a diverse, stable rent roll with staggered lease expirations, ensuring consistent cash flow. Currently priced at $5,915,000 ($223.21/sq ft), this represents a significant discount compared to replacement cost. The property sits on a 2.01-acre lot and is zoned B-4P, Plantation. The building's strong net operating income (NOI) of $414,000 yields an attractive 7.00% capitalization rate. The property is a Class C building and is offered as a cash-flowing investment. A new roof was installed in May 2018. This is an excellent opportunity for investors seeking a stable, high-return investment in a desirable location. The property is owned by an LLC.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plantation
- County
- Broward
- State
- Florida
- Longitude
- -80.2482
- Latitude
- 26.1272
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
