Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Flex Space Opportunity Title is generated by Realmo AI

    5140 S State Road 7 Road, Davie, FL 33314

    View on Map
    Claim this Listing
    For Sale
    $180,000

    Renovated building suitable for retail, office, warehouse, or flex space.

    Added:
    Sep 3, 2024
    Days on Market:
    638
    Last Refresh:
    May 13 at 8:16 pm

    Property Features for 5140 S State Road 7 Road

    General Information

    Standard status
    Active
    Property subtype
    Other

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Shlomi Mawardi

    Listing agent Shlomi Mawardi

    Listing office Group 360, LLC

    Listing date Sep 3, 2024

    Source Xome

    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 Group 360, LLC

    HighLights

    • Fully renovated building
    • Great exposure and visibility to hi traffic road
    • Can be used as retail/office/warehouse or flex space
    • Private lot
    • Across from the famous Hard Rock Hotel/Casino
    • Guest facilities: 3

    Overview

    This fully renovated building offers flexibility for various uses, including retail, office, warehouse, or flex space. The property benefits from high exposure and visibility due to its location on a high-traffic road. A private lot is included. The property is located across from the Hard Rock Hotel & Casino.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.206616
    Latitude
    25.973146

    Nearby Similar for Sale

    • $6,300,000
      4,800 SF

      Davie Acreage with Fruit Grove

      Unique 8.9-acre property with fruit grove and industrial building.
      4077 SW 121st Ter, Davie, FL 33330
      View Details
    • $6,300,000
      4,800 SF

      Davie Land with Fruit Grove

      8.9 acre Davie property with fruit grove and steel building.
      4077 SW 121st Ter, Davie, FL 33330
      View Details
    • $399,000
      783 SF

      Davie Office Suite For Sale

      Move-in ready office suite in prime Davie location.
      5200 S University Dr, Davie, FL 33328
      View Details
    • $429,900
      1,014 SF

      Reconditioned Office Suite in Davie

      Updated office suite in a high-traffic Davie professional complex.
      6958 Griffin Road, Davie, FL 33314
      View Details
    • $7,299,000

      World-Class Equestrian Facility Near Miami

      Elite equestrian property with show barn, arenas, and luxury clubhouse.
      2625 SW 148th Ave, Davie, FL 33331
      View Details
    • $115,000

      Established Auto Paint Business

      Profitable auto paint business for sale in Davie, Florida.
      2000 SW 71st Ter # B3, Davie, FL 33317
      View Details
    • $7,299,000

      World-Class Equestrian Facility

      Elite equestrian property with show barn near Miami and Wellington.
      2625 SW 148th Ave, Davie, FL 33331
      View Details
    • $45
      3,000 SF

      Sheridan Shoppes Retail Opportunity

      Prime retail space in Davie near major anchors.
      15661 Sheridan St, Davie, FL 33331
      View Details
    • $285,000

      Profitable Mobile Pet Grooming Business

      Established mobile pet grooming company with high revenue and growth potential.
      Davie, FL 33325
      View Details
    • $350,000

      Commercial Office Unit For Sale

      Office unit in Davie, FL, with high traffic visibility.
      6848 Griffin Road, Davie, FL 33314
      View Details
    • $12
      3,000 SF

      Turnkey Executive Office Space

      Move-in ready office suites suitable for various professional businesses.
      351 SW 136th Ave 202, Davie, FL 33325
      View Details
    • $449,900

      Office Space Near Shopping

      Office with kitchenette, close to shopping and airport.
      5220 University Dr 109C, Davie, FL 33328
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Renovated building suitable for retail, office, warehouse, or flex space.
    Where is this mixed-use property located?
    The property is located at 5140 S State Road 7 Road Davie, FL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Fully renovated building; Great exposure and visibility to hi traffic road; Can be used as retail/office/warehouse or flex space
    (305) 456-0314
    We can help!
    Listing Contact
    Shlomi Mawardi
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5140 S State Road 7 Road, Davie, FL 33314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!