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    OFF-MARKET Estimated value $5,675,000
    Medical Office Space

    8391 Oakland Park Blvd 8399, Sunrise, FL 33351-7307

    17,903 SF 3.01 ac lot Built 1992
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US18-3930315
    Property summary
    AI-generated overview

    This exceptional 28,798 square foot Class A medical office building, situated within the Sunrise Medical Park, presents a unique investment opportunity. Constructed in 1992, this single-tenant property boasts a prime location on Oakland Park Boulevard, conveniently nestled between University Drive and Pine Island Road. The building is one of four single-story structures within the park, offering convenient drive-up access for patients and staff. Its Class B turnkey medical office spaces are meticulously maintained and ready for immediate occupancy. Enjoy the picturesque views overlooking the Bridges at Springtree Golf Club. The strategic location provides unparalleled access to major healthcare facilities, with three hospitals located within a four-mile radius. Furthermore, the Sawgrass Expressway is just a ten-minute drive away, ensuring seamless connectivity throughout the region. The property is zoned B-2 for General Commercial use, offering flexibility and potential for future expansion. The building's single-tenant occupancy simplifies management and provides a stable income stream. This property represents a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving market. The APN is 494121030150.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1992
    Construction CONCRETE
    Total area 17,903 SF
    Lot 3.01 ac (130,949 SF)
    Zoning code B-2
    APN 49-41-21-03-0150
    UPID US18-3930315
    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
    $6.09M
    CAP Approach CAP
    $3.71M
    Comparable Approach Comparable
    $7.34M
    Blend (final) Blend
    $5.68M
    Owner & transaction history
    Sunrise Medical Park II LLC · 3 yrs held
    Sunrise Medical Park II LLC
    since 2023
    Last sale
    $5.5M
    5 recorded transactions
    2023
    $5.5M
    2018
    $5.0M
    2011
    $3.2M
    1969
    1969
    Zoning & alternative use
    B-2 · Sunrise, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $9.3M +11.2%
    Industrial (general) $8.4M +0.8%
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