Margate Office Building For
For Sale
$1,000,000
6221 W Atlantic Blvd, Margate, FL 33063
Office building in Broward County, ideal for owner-user or investor.
Property Size1,817 SF
Lot Size0.27 Acres
Price / SF$550.36
Days on Market677
Property Features for 6221 W Atlantic Blvd
General Information
Standard status
Active
Size
1,817 SF
Lot size
0.27 Acres
Taxes and HOA fees
Annual Taxes
$17,769
Listing Agency:
kelly right real estate
(813) 321-2282
Listed By:
Samih Sadiq · License #3577381
(813) 312-2282
Source:
Exprealty
Added: Nov 28, 2024
Changed: Sep 14
Last Checked: Oct 5 at 11:26PM
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 kelly right real estate
Investment Insights
Based on property information with market context.
Located at 6221 W Atlantic Boulevard in Margate, Florida, this office building is situated on a 0.27-acre lot in Broward County. The property is zoned for office use and features a functional layout with a typical floor size of 1,817 square feet. The building is suitable for professional offices, medical users, or service-based businesses. It offers strong visibility, convenient access, and the flexibility to accommodate various business needs. This property presents an opportunity for an owner-user or investor seeking a strategically located office asset in a thriving commercial corridor.
Key Highlights
- Excellent location in the heart of Broward County's thriving commercial corridor.
- Zoned specifically for office use.
- Functional layout with 1,817 square feet typical floor size.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,160
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,200
$963.2K
Cap Rate 7%
$688,000
$688.0K
Cap Rate 9%
$535,111
$535.1K
Market Conditions
NOI Build-Up for 1,817 SF
Gross rent
$82.9K $45.60/SF
− Vacancy
−$18.6K −$10.26/SF
EGI
$64.2K $35.34/SF
− OpEx
−$16.1K −$8.84/SF
NOI
$48.2K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,200
Cap Rate 7%
$688,000
Cap Rate 9%
$535,111
Alternative Uses
Best Use
Office B
$688.0K
$602.0K – $802.7K
NOI $48,160 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$921.8K
$806.6K – $1.08M
NOI $64,529 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office building in Broward County, ideal for owner-user or investor.
Where is this office building located?
The property is located at 6221 W Atlantic Blvd Margate, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Excellent location in the heart of Broward County's thriving commercial corridor.; Zoned specifically for office use.; Functional layout with 1,817 square feet typical floor size.
