7050 4Th StPlantation, FL 33317

Property Details for 7050 4Th St

Year built

1984

Construction

CONCRETE

Property size (Sq ft)

1,869 SF

Zone code

B-2P

Property type

Office properties

Property subtype

Office buildings

APN

50-41-03-CM-0010

APU

504103CM0010

Description

This exceptional investment opportunity presents three medical office suites totaling 4,354 square feet within a Class B building in Plantation, Florida. Located at 7050 NW 4th St, 33317, this multi-tenant property boasts 100% occupancy with recently signed 5-year leases, ensuring a stable income stream. The property features ample on-site parking, catering to both patients and staff. The asking price is $1,700,000, offering a compelling 7.0% capitalization rate. Condominium association dues are $2100 per month for all three suites. This purpose-built facility is ideally suited for a variety of medical practices, benefiting from its prime location in a thriving medical and business hub with easy access to major highways. The property's design includes spacious exam rooms and flexible office spaces, making it an attractive option for healthcare providers seeking a well-established and high-demand location. This is a turnkey investment opportunity with significant growth potential in a desirable area. The property is a NNN lease type.

• CAP approach

  CAP return

  Valuation

  6%

  $555,660

  6.5%

  $512,917

  7%

  $476,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $552,140

  Geo Method

  $552,140

• Alternative Use

  Use

  Valuation

  Residential

  $636,017

  Hospitality

  $582,588

  Educational

  $484,706

  Medical

  $501,376

  Retail

  $753,988

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1249

Longitude

-80.2424

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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