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    Coconut Creek Office Space For Sale Title is generated by Realmo AI

    4851 W Hillsboro Boulevard, Coconut Creek, FL 33073

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    Claim this Listing
    For Sale
    Under Contract
    $600,000

    SINGLE_FAMILY - Coconut Creek, FL

    Type:Office
    Property size:
    1,358 SF
    Price / SF:
    $441/SF
    Added:
    Dec 16, 2025
    Days on Market:
    170
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 4851 W Hillsboro Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    O-2
    Parking
    2
    Parking features
    Assigned
    Standard status
    Active Under Contract
    APN
    484206ab0050
    Size
    1,358 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HILLSBORO EXECUTIVE PARK COMM CONDO UNIT 5A BLDG A PER AMCDO BK/PG: 43586/1221

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Tile
    Building materials
    Block

    We can help!

    Listing Contact
    William L Sohl
    William L Sohl

    Listing agent William L Sohl License #616482

    Listing office Compass Florida, LLC 1200 E Las Olas Blvd Ste 102, Miami Beach, FL

    Listing date Dec 16, 2025

    MLS# F10541789

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the Gateway area to Parkland with excellent exposure on Hillsboro Blvd and easy highway access.
    • Versatile space with three large offices, open area, bathroom, and storage, plus a 315 sq. ft mezzanine that can be converted to additional office space.
    • Backdoor access with parking and extra high ceilings suitable for storing long items.
    • Impact windows for added security and protection.
    • New A/C system.
    • Epoxy flooring and ample parking.

    Overview

    Located in the Gateway area to Parkland, this professional office space is situated in the Hillsboro Executive Plaza and offers excellent exposure on Hillsboro Blvd. The suite is configured with three large offices, an open area, a bathroom, and storage space. A 315 sq. ft. second-story mezzanine is currently used for storage but could be transformed into additional office space. The property features backdoor access with parking for easy loading. The back access area has extra-high ceilings, suitable for storing extra-long items. Additional features include impact windows, new A/C, epoxy flooring, and ample parking. The property has a total size of 1358 square feet. It is zoned O-2. The location provides excellent access to highways.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $61.9k $45.60
    − Vacancy −$13.9k −$10.26
    EGI $48.0k $35.34
    − OpEx −$12.0k −$8.84
    NOI $36.0k $26.51
    1,358 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $514.2K
    $449.9K – $599.9K (±1% cap)
    NOI $35,994 @ 7.0% cap · market cap 6.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $689.0K
    $602.9K – $803.8K (±1% cap)
    NOI $48,228 @ 7.0% cap · market cap 8.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coconut Creek
    County
    Broward
    State
    Florida
    Longitude
    -80.1912325
    Latitude
    26.3184298

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    FAQs

    What type of property is this?
    Office units - Professional office space in Hillsboro Executive Plaza with excellent exposure.
    Where is this office units located?
    The property is located at 4851 W Hillsboro Boulevard Coconut Creek, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Prime location in the Gateway area to Parkland with excellent exposure on Hillsboro Blvd and easy highway access.; Versatile space with three large offices, open area, bathroom, and storage, plus a 315 sq. ft mezzanine that can be converted to additional office space.; Backdoor access with parking and extra high ceilings suitable for storing long items.
    (954) 655-5097
    We can help!
    Listing Contact
    William L Sohl
    William L Sohl
    Real Estate License ID: 616482
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    4851 W Hillsboro Boulevard, Coconut Creek, FL 33073
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