Furnished Mixed-Use Office
100 N State Road 7 #203A, Margate, FL 33063
For Sale
$199,000
A second-floor layout offers enclosed offices, collaborative work areas, a kitchenette, and on-site parking.
Property Size750 SF
Price / SF$265.33
Days on Market53
Property Features for 100 N State Road 7 #203A
General Information
Standard status
Size
Elevators
Property subtype
Space & Availability
Floor
Furnished
Additional Details
HOA Fee
Property Use
Amenities
elevator access
completely furnished
Building Details
Year Built
Listing Agency:
RE/MAX Consultants Realty 1
(954) 767-4667
Listed By:
Claudia Molina · License #3517930
(954) 258-2038
Source:
Isaacsrealestate
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Consultants Realty 1
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Investment Insights
Based on property information with market context.
This 750-square-foot furnished suite is on the second floor of Plaza Las Americas. Its layout includes a reception and waiting area, two enclosed offices, space for six workstations, a bathroom, and a kitchenette. Interior partition walls can be repositioned or taken out to adjust the configuration. An elevator serves the floor, and the property has on-site parking. The air-conditioning system was replaced in 2024.
The property is located at 100 N State Road 7 in Margate. Built in 2007, the suite combines private office areas with flexible open workspace in a mixed-use setting.
The property is located at 100 N State Road 7 in Margate. Built in 2007, the suite combines private office areas with flexible open workspace in a mixed-use setting.
Key Highlights
- 750 square feet on the second floor of Plaza Las Americas
- Furnished layout with reception and waiting area, two enclosed offices, and six workstations
- Partition walls can be moved or removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,938
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,760
$258.8K
Cap Rate 7%
$184,829
$184.8K
Cap Rate 9%
$143,756
$143.8K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.5K $30.00/SF
− Vacancy
−$1.8K −$2.40/SF
EGI
$20.7K $27.60/SF
− OpEx
−$7.8K −$10.35/SF
NOI
$12.9K $17.25/SF
Area
Broward County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,760
Cap Rate 7%
$184,829
Cap Rate 9%
$143,756
Alternative Uses
Best Use
Office B
$284.0K
$248.5K – $331.3K
NOI $19,879 @ 7.0% cap · market cap 9.99%
Second Best
Mixed Use
$184.8K
$161.7K – $215.6K
NOI $12,938 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
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Business Placement
Demographics for 33063, FL
56,296
Population
27,019
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,865
Density / Sq Mi
$62,930
Median Household Income
$38,038
Median Earnings
$1,790
Median Rent
$270,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor layout offers enclosed offices, collaborative work areas, a kitchenette, and on-site parking.
Where is this mixed-use property located?
The property is located at 100 N State Road 7 #203A Margate, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 750 square feet on the second floor of Plaza Las Americas; Furnished layout with reception and waiting area, two enclosed offices, and six workstations; Partition walls can be moved or removed
