7540 5Th StPlantation, FL 33317

  • Office properties
  • 4,860 SF
For Sale
$1,300,000 View listing

Property Details for 7540 5Th St

Year built
1980
Construction
CONCRETE
Lot size
0.50 AC
Property size (Sq ft)
4,860 SF
Zone code
B-4P
Property type
Office properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,444,894
    6.5%
    $1,333,749
    7%
    $1,238,481
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,435,741
    Geo Method
    $1,435,741
  • Alternative Use

    Use
    Valuation
    Residential
    $1,653,848
    Hospitality
    $1,514,916
    Educational
    $1,260,392
    Medical
    $1,303,739
    Retail
    $1,960,610
7540 5Th St, Plantation, Florida

Location Insight

City
Plantation
County
Broward
State
Florida
Latitude
26.1278
Longitude
-80.2495
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,702
$174,250
$451,840
$626,090
-
$174,250
$451,840
$626,090

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