Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2006 Granada Dr, Unit A3 Coconut Creek, FL 33066

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retirement resort living with lake views and many amenities.

    Property size:
    1,291 SF

    Property Features for 2006 Granada Dr

    General Information

    Standard status
    Active
    Size
    1,291 SF

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Devin Kalvaitis
    Source: Exitrealty

    Listing Agency: Prime Realty Services Listing Agent: Devin Kalvaitis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious Corner Unit with Balcony

    This 1291 square foot corner unit features a screened and enclosed balcony with lake and fountain views. The end unit offers enhanced privacy and natural light from side windows. A washer and dryer are included in the home. Residents can enjoy a range of amenities, including a guard-gated entry, golf, pickleball, tennis, a gym, Olympic and walking pools, and resort activities such as a stained glass studio, wood shop, arts, fitness, and education programs. The community also features a ballroom, a large 962-seat state-of-the-art theatre for movies and shows, a library, card room, billiards, a café with golf views, barbecues, a picnic area, an on-site medical center, and scheduled shuttle bus transportation. Located in Wynmoor, a premiere retirement resort, the association requires 15% down. A second car may be available with approval.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Coconut Creek
    County
    Broward
    State
    Florida
    Longitude
    -80.1776159
    Latitude
    26.2522988

    Nearby Similar for Sale

    • $600,000

      Coconut Creek Executive Suite Complex

      Professional office space with excellent exposure in Coconut Creek, FL.
      4851 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $620,000

      Coconut Creek Commercial Office Space

      Move-in ready office space in prime Coconut Creek location.
      4855 W Hillsboro B-1, Coconut Creek, FL 33073
      View Details
    • New
      $88,888
      844 SF

      Coconut Creek Multi-Family Residence

      One-bedroom condo in Wynmoor, a gated golf community.
      3404 Bimini Ln, Coconut Creek, FL 33066
      View Details
    • $3,849,000

      Furnished Class A Office Building

      Fully furnished Class A office building in Coconut Creek, Florida.
      6115 Lyons Rd, Coconut Creek, FL 33073
      View Details
    • Contact for pricing
      Pending

      Turnkey Restaurant in Coral Springs

      Second generation restaurant space for lease in busy shopping center.
      4400 W Sample Rd, Coconut Creek, FL 33073
      View Details
    • $3,849,000
      9,866 SF

      9,866 SF Office Building For Sale

      9,866 SF Office Building For Sale
      6115 Lyons Road, Coconut Creek, FL 33073
      View Details
    • $1,125,000

      Coconut Creek Multifamily Investment Opportunity

      Six-unit multifamily building for sale in Coconut Creek, Florida.
      461 Sunshine Dr, Coconut Creek, FL 33066
      View Details
    • Contact for pricing
      14,478 SF

      Freestanding Retail Building in Coconut Creek

      14,478 SF retail building on 2.14 acres for sale.
      4529 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • Contact for pricing

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru available in Coconut Creek, FL.
      4650 W Hillsboro Blvd, Coconut Creek, FL 33442
      View Details
    • $539,000
      1,407 SF

      Coconut Creek Office Space Available

      Office space for rent in Coconut Creek's Hillsboro Executive Park.
      4851-4855 W Hillsboro Blvd, Coconut Creek, FL 33441
      View Details
    • $3,849,000
      9,866 SF

      Luxury Coconut Creek Office Building

      Class A Office, Fully Furnished, Move-In Ready
      6115 Lyons Rd, Coconut Creek, FL 33073
      View Details

    FAQs

    What type of property is this?
    Residential income property - Retirement resort living with lake views and many amenities.
    Where is this residential income property located?
    The property is located at 2006 Granada Dr, Unit A3 Coconut Creek, FL.
    What are key features of this property?
    This property features: - Enjoy lake and fountain views from your screened and enclosed corner balcony.; - Guard-gated entry and extensive resort-style amenities including golf, pickleball, tennis, multiple pools, fitness center, and various recreational activities.; - On-site amenities include a state-of-the-art theatre, medical center, cafe, library, and transportation shuttle.
    (954) 346-4800
    Request Owner's contact information
    2006 Granada Dr, Unit A3 Coconut Creek, FL 33066
    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.
    2006 Granada Dr, Unit A3
    Coconut Creek, FL 33066
    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
    2006 Granada Dr, Unit A3 Coconut Creek, FL 33066
    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

    We can help!
    Listing Contact
    Devin Kalvaitis
    Real Estate License ID: 3469373
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!