8850 Oakland Park BlvdSunrise, FL 33351

Property Details for 8850 Oakland Park Blvd

Year built

2008

Construction

CONCRETE

Lot size

1.87 AC

Property size (Sq ft)

12,549 SF

Zone code

B-3

Property type

Office buildings

APN

49-41-20-41-0010

APU

494120410010

Description

This exceptional two-story, Class B office building in Sunrise, Florida, presents a compelling owner-user investment opportunity. Located at 8850 W Oakland Park Blvd, 33351, this property boasts a total of 12,549 square feet, with 6,275 square feet currently net rentable. The building, constructed in 2009, sits on a sizable 81,500 square foot lot (APN 49-41-20-41-0010) and offers ample parking. Currently at 50% occupancy since December 1, 2020, this presents a chance to customize the space to suit your business needs. The asking price is $4,050,000, translating to $322.73 per square foot. The property is a multi-tenant building with a NNN lease type, ideal for generating rental income while occupying a portion of the space. Its central Broward County location provides excellent accessibility and visibility. This move-in ready building is perfect for a company seeking corporate headquarters or a business needing both upper and lower floor office space. The building's pristine condition and strategic location make it an attractive investment for both immediate use and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $3,730,860

  6.5%

  $3,443,871

  7%

  $3,197,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,707,226

  Geo Method

  $3,707,226

• Alternative Use

  Use

  Valuation

  Residential

  $4,270,400

  Hospitality

  $3,911,663

  Educational

  $3,254,458

  Medical

  $3,366,384

  Retail

  $5,062,490

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1677

Longitude

-80.2689

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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