Vacant Medical Office/Retail
For Sale
$1,400,000
3840 Coconut Creek Pkwy, Coconut Creek, FL 33066
Vacant medical office/retail space totaling 4,083 SF, offered for sale with B-3 zoning.
Property Size4,083 SF
Days on Market151
Property Features for 3840 Coconut Creek Pkwy
General Information
Standard status
Active
Size
4,083 SF
Property subtype
Commercial
Building Details
Building Size
4,083 SF
Year Built
1980
Listing Agency:
Matthews
Listed By:
Alexander Machado · License #SL3507121 (FL)
(305) 359-5207
Source:
Matthews
Added: May 8
Changed: Sep 6
Last Checked: Oct 5 at 3:09PM
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 Matthews
Investment Insights
Based on property information with market context.
This property is a vacant medical office/retail space totaling 4,083 SF. It is currently available for sale, with use supported by B-3 zoning.
The offering is located at 3840 Coconut Creek Pkwy in Coconut Creek, FL. The property presents as a combined medical office and retail asset within the existing B-3 zoning framework.
As presented, the primary commercial takeaway is the flexibility implied by the medical office and retail positioning, along with the stated zoning designation. The space is ready for an interested buyer to evaluate fit based on the existing improvements and desired use under B-3 zoning.
The offering is located at 3840 Coconut Creek Pkwy in Coconut Creek, FL. The property presents as a combined medical office and retail asset within the existing B-3 zoning framework.
As presented, the primary commercial takeaway is the flexibility implied by the medical office and retail positioning, along with the stated zoning designation. The space is ready for an interested buyer to evaluate fit based on the existing improvements and desired use under B-3 zoning.
Key Highlights
- Vacant medical office/retail space totaling 4,083 SF
- Year built: 1980
- B‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,220
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,164,400
$2.2M
Cap Rate 7%
$1,546,000
$1.5M
Cap Rate 9%
$1,202,444
$1.2M
Market Conditions
NOI Build-Up for 4,083 SF
Gross rent
$186.2K $45.60/SF
− Vacancy
−$41.9K −$10.26/SF
EGI
$144.3K $35.34/SF
− OpEx
−$36.1K −$8.84/SF
NOI
$108.2K $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%
$2,164,400
Cap Rate 7%
$1,546,000
Cap Rate 9%
$1,202,444
Alternative Uses
Best Use
Office B
$1.55M
$1.35M – $1.80M
NOI $108,220 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$986.3K
$863.0K – $1.15M
NOI $69,040 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,003 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33066, FL
16,845
Population
10,418
Households
1.6
Avg Household Size
56
Median Age
36%
College-Educated
93%
High-School Grad
3.0 sq mi
ZIP Area
5,615
Density / Sq Mi
$56,721
Median Household Income
$39,353
Median Earnings
$1,677
Median Rent
$212,000
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?
Medical Office Space - Vacant medical office/retail space totaling 4,083 SF, offered for sale with B-3 zoning.
Where is this medical office space located?
The property is located at 3840 Coconut Creek Pkwy Coconut Creek, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Vacant medical office/retail space totaling 4,083 SF; Year built: 1980; B‑3 zoning
