7540 5Th Mnr Plantation, FL 33317
- Office buildings
- 4,860 SF
- 0.50 lot acres
Current Use by Public Records
- Premier Tax Relief Inc / Tax Attorney
- Forensic Data Services / Forensic Consultant
- Insight Mental Health & Recovery / Mental Health Service
- Dr. Anjan Ghosh / Pain Management Physician
- Global Neuro & Spine Institute - Plantation/Ft. Lauderdale / Pain Control Clinic / Doctor
Property Details for 7540 5Th Mnr
- Year built
- 1980
- Construction
- CONCRETE
- Lot size
- 0.50 lot acres
- Property size
- 4,860 SF
- Zone code
- B-4P
- Property type
- Office buildings
- APN
- 50-41-03-57-0010
- APU
- 504103570010
Description
This exceptional free-standing commercial office building, located at 7540 NW 5th St in Plantation, Florida, presents a compelling investment opportunity. The property, built in 1980, boasts 4,860 square feet of well-maintained space across a single story. Its prime location within Plantation's medical and professional district ensures high visibility and traffic exposure, further enhanced by its proximity to the Plantation Post Office. The building has undergone recent renovations, resulting in excellent condition and attractive aesthetics. Each suite is thoughtfully designed with a private kitchenette and bathroom, offering tenants maximum convenience. Currently, the building enjoys 100% occupancy with long-term tenants, providing a stable and predictable income stream. This property is situated in Broward County, Florida, with the zip code 33317. The asking price for this turnkey investment is $1,300,000. This represents a rare opportunity to acquire a well-located, high-performing commercial property in a thriving market. The building's strong tenant base and recent renovations make it an ideal investment for those seeking a stable and appreciating asset.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,525,000
- ML approach
- $1,570,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,480,000
- 6.5%
- $2,290,000
- 7%
- $2,130,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,479,000
Market price range: $1.48M - $2.69M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,030,000 Current use
- COMMERCIAL (GENERAL)
- $2,515,000 Change: +24% Conversion: Easy
- MEDICAL BUILDING
- $2,265,000 Change: +12% Conversion: Easy
- RETAIL STORES
- $1,845,000 Change: -9% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,690,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Plantation
- County
- Broward
- State
- Florida
- Longitude
- -80.2495
- Latitude
- 26.1278
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
