You are browsing as a guest. Register to access key data for free.
Property profile

8391 Oakland Park Blvd 8399 Sunrise, FL 33351

OFF-MARKET
Medical Office Space
Property ID
US18-3930315
17,903 SF 3.01 ac lot Built 1992
Entity Owned 3-yr Hold Free & Clear

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.09M
CAP Approach CAP
$3.71M
Comparable Approach Comparable
$7.34M
Blend (final) Blend
$5.61M

Owner & transaction history

since 2023
Last sale
$5.5M
5 recorded transactions
2023
$5.5M
2018
$5.0M
2011
$3.2M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Sunrise, FL
Zoning description

To meet the shopping and limited service needs of several neighborhoods or a substantial territory

General category COMMERCIAL
Top alternative use upside
Commercial (general) $9.3M +11.2%
Industrial (general) $8.4M +0.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8391 Oakland Park Blvd, Unit 8399?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message