2229 Commerce PkwyWeston, FL 33326

Property Details for 2229 Commerce Pkwy

Year built

1999

Construction

CONCRETE

Lot size

3.08 AC

Property size (Sq ft)

32,559 SF

Zone code

O-1

Property type

Office buildings

APN

50-40-17-02-0371

APU

504017020371

Description

This exceptional two-story, 30,100 square foot Class B medical office building is situated on a 3.08-acre lot in the thriving city of Weston, Florida. Built in 1999, the property boasts a single building with multiple tenants, offering a diverse and established medical presence. Currently, the building houses a dynamic mix of medical professionals, including a surgery center, imaging group, physical therapy practice, and dermatology clinic, demonstrating strong tenant demand and a stable occupancy rate. The building features convenient amenities such as elevators. One suite of 1,600 square feet is currently available, presenting a unique opportunity for expansion or relocation within a well-established medical community. The property's location at 2229 N Commerce Pkwy, Weston, FL 33326, provides excellent visibility and accessibility within Broward County. This is an ideal investment for medical professionals seeking a turnkey operation in a high-demand area. The property's strong tenant mix and established presence make it a compelling opportunity for long-term growth and return. The available suite provides immediate occupancy potential for a variety of medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $7,527,875

  6.5%

  $6,948,808

  7%

  $6,452,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,618,580

  Geo Method

  $9,618,580

• Alternative Use

  Use

  Valuation

  Residential

  $8,616,522

  Hospitality

  $7,892,688

  Educational

  $6,566,624

  Medical

  $6,792,460

  Retail

  $10,214,748

Location Insight

City

Weston

County

Broward

State

Florida

Latitude

26.0926

Longitude

-80.3687

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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