5601 Dixie HwyOakland Park, FL 33334

Property Details for 5601 Dixie Hwy

Year built

1979

Construction

CONCRETE

Lot size

1.90 AC

Property size (Sq ft)

77,007 SF

Zone code

B-2

Property type

Office buildings

APN

49-42-11-23-0010

APU

494211230010

Description

This exceptional four-story medical office building, located at 5601 N Dixie Hwy in Oakland Park, Florida, presents a unique investment opportunity. The 28,527 square foot building, constructed in 1978, is currently fully vacant and offers multiple suites for lease, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 13,451 square feet. The building is classified as Class C and features a total of five individual suites, providing flexibility for various medical practices or healthcare-related businesses. Its strategic location in Broward County, with easy access via N Dixie Hwy, ensures high visibility and convenient access for patients and staff. The gross rental rate is $20.00 per square foot. This property is ideal for a single tenant seeking a large space or multiple tenants looking for smaller, individual suites. The building's size and layout offer significant potential for customization and adaptation to meet specific tenant requirements. With its prime location and immediate occupancy availability, this medical office building represents a compelling opportunity for growth and expansion in a thriving market. The zip code is 33334.

• CAP approach

  CAP return

  Valuation

  6%

  $22,894,440

  6.5%

  $21,133,330

  7%

  $19,623,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,749,408

  Geo Method

  $22,749,408

• Alternative Use

  Use

  Valuation

  Residential

  $26,205,328

  Hospitality

  $24,003,940

  Educational

  $19,970,996

  Medical

  $20,657,830

  Retail

  $31,065,994

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1966

Longitude

-80.1333

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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