541 S State Rd 7, Margate, FL
Remodeled office park with amenities and convenient highway access.
- Added:
- Mar 28, 2024
- Days on Market:
- 833
- Last Refresh:
- May 19 at 10:46 pm
Property Features for 541 S State Rd 7
General Information
- Standard status
- Active
- Size
- 25,019 SF
- Lot size
- 5.68 Acres
- Property subtype
- OFFICE
Properties For Sale
at 541 S State Rd 7 Contact us
Listing office 777 Properties, Inc. (954) 390-7777
Listing date Mar 28, 2024
Source Moodyscre
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 777 Properties, Inc.
HighLights
- Newly remodeled office spaces
- Convenient location at the corner of US‑Hwy 441 and SW 4th Street
- Easy access to Florida’s Turnpike (7‑minute drive)
- On‑site property manager
- Large breakrooms for tenants
- Beautifully landscaped garden area
Overview
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 | $1.14M | $45.60 |
| − Vacancy | −$256.7k | −$10.26 |
| EGI | $884.2k | $35.34 |
| − OpEx | −$221.0k | −$8.84 |
| NOI | $663.1k | $26.51 |
Alternative Uses
Current Use by Public Records
Map
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.2064
- Latitude
- 26.2445
