550 Fairway DrDeerfield Beach, FL 33441

Property Details for 550 Fairway Dr

Year built

1986

Construction

CONCRETE

Lot size

2.07 AC

Property size (Sq ft)

36,937 SF

Zone code

PID

Property type

Office buildings

APN

47-42-36-14-0131

APU

474236140131

Description

Hillsboro Executive Center offers 10,393 square feet of immediately available executive office space in Deerfield Beach, Florida. Located at 550 Fairway Drive, this property is part of a larger, recently renovated office park conveniently situated near I-95 and Hillsboro Boulevard in Broward County (zip code 33441). The center comprises six one- and two-story buildings, providing a professional and accessible environment. Each suite benefits from its own private entrance accessed via a shared walkway, ensuring both privacy and convenience. The ample on-site parking caters to tenants and their visitors. This prime location offers easy access to a variety of amenities, including restaurants, banks, and shops, making it an attractive option for businesses seeking a well-located and functional office space. The total building size is 216,203 square feet, with the available space representing a significant opportunity for a single tenant or multiple smaller tenants. The property is classified as a multi-tenant office building with executive office sub-type. This exceptional location and the recently completed renovations make this a highly desirable property.

• CAP approach

  CAP return

  Valuation

  6%

  $11,412,073

  6.5%

  $10,534,221

  7%

  $9,781,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,136,598

  Geo Method

  $7,136,598

• Alternative Use

  Use

  Valuation

  Residential

  $13,062,435

  Hospitality

  $11,965,120

  Educational

  $9,954,839

  Medical

  $10,297,201

  Retail

  $15,485,305

Location Insight

City

Deerfield Beach

County

Broward

State

Florida

Latitude

26.325

Longitude

-80.1143

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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