Two Buildings on Ten
767 S State Rd 7, Margate, FL
Call to check price and availability
Two 37,28 SF buildings on 10 acres near Turnpike.
Type:OFFICE
Property size:
36,637 SFLot size:
4.12 AcresPrice / SF:
$436/SF- Added:
- Dec 22, 2023
- Days on Market:
- 882
- Last Refresh:
- Apr 5 at 10:07 pm
Property Features for 767 S State Rd 7
General Information
- Standard status
- Active
- Size
- 36,637 SF
- Lot size
- 4.12 Acres
- Property subtype
- OFFICE
Listing agent Theresa Gerardi
Listing office 777 Properties, Inc. (954) 390-7777
Listing date Dec 22, 2023
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
- Two separate 37,28 SF buildings on 10 acres of land.
- Convenient access to Turnpike and I‑95.
- Located near Fort Lauderdale commercial airport.
- 10:1 parking spaces and generators included.
- High visibility location on State Road 7 with building signage.
- Impact glass/shutters and hurricane windows for protection.
Overview
This portfolio includes two separate 37,28 SF buildings situated on 10 acres of land. The property provides 10:1 parking spaces and includes generators. The location offers convenient access to the Turnpike and Fort Lauderdale commercial airport, with public transportation options available and high visibility from the heavily trafficked 441 (State Rd 7). The buildings feature impact glass and shutters, two conference rooms per building, two training rooms, network rooms, bathrooms, a break room, two kitchens, and a lobby/entrance. Additional features include hurricane windows, a generator, an online UPS system, 9-foot ceilings, and building signage. Convenient access to I-95 and the Turnpike is provided, along with a high-traffic location that is minutes from the airport and downtown. Onsite maintenance is included, and the property is pre-wired for telephone. Central cooling and emergency exits are in place. The property is located next to a busy way. The portfolio includes two separate buildings: 767 S State Road 7 (36,637 SF) and 777 S State Road 7 (36,637SF). An additional 2 acres are available in the office park.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$10.79M
NOI $971,064 @ 9.00% cap · cautious / downside scenario
Moderate
$13.87M
NOI $971,064 @ 7.00% cap · market / base-case scenario
Aggressive
$19.42M
NOI $971,064 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.67M | $45.60 |
| − Vacancy | −$375.9k | −$10.26 |
| EGI | $1.29M | $35.34 |
| − OpEx | −$323.7k | −$8.84 |
| NOI | $971.1k | $26.51 |
36,637 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$13.87M
$12.14M – $16.18M
NOI $971,064 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.59M
$16.26M – $21.69M
NOI $1,301,125 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.2064
- Latitude
- 26.2445
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two 37,28 SF buildings on 10 acres near Turnpike.
Where is this office building located?
The property is located at 767 S State Rd 7 Margate, FL.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Two separate 37,28 SF buildings on 10 acres of land.; Convenient access to Turnpike and I‑95.; Located near Fort Lauderdale commercial airport.
