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
- Zone code
- B-4P
- Property type
- Office buildings
- APN
- 50-41-03-37-0010
- APU
- 504103370010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 5, 2025 | $5,665,000 | Sucorp LLC | Nw 4th Street Partners LLC | Special Warranty Deed | $2.8M · International Finance Bank |
| May 14, 2018 | $3,475,000 | Nw 4th Street Partners LLC | Sabal Palm LLC | Grant Deed | $2.7M · Cantor Com'l R/e Lndg |
| Feb 4, 2004 | $2,475,000 | Kornfields INC | — | Grant Deed · related | — |
| — | — | Sabal Palm LLC | — | Deed Of Trust · related | $1M · Washington Mutual Fsb |
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 Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,769,000
Market price range: $8.77M - $15.9M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $10,930,000
Get a detailed, property-specific estimation — fast and free
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
