Corner Storefront Commercial
21-a-4631 N State Road 7, Coconut Creek, FL 33063
For Sale
$745,000
Flexible layout with glass frontage and a substantial facade for signage.
Property Size1,600 SF
Price / SF$465.63
Days on Market104
Property Features for 21-a-4631 N State Road 7
General Information
Standard status
Size
Additional Details
Corner Location
Taxes and HOA fees
Annual Taxes
Listing Agency:
Dowell Realty, LLC
Listed By:
Shangpyng Yen
(954) 803-1587
Source:
Exprealty
Added: Aug 1
Changed: Nov 11
Last Checked: Nov 12 at 8:59AM
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 Dowell Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-square-foot commercial condominium is a corner storefront within Building A of a multi-use plaza. The space offers a flexible interior arrangement, glass-facing frontage, and a broad building facade suitable for business signage. Its configuration is described for retail and showroom operations, professional services, medical and wellness practices, salons, learning centers, and fitness studios.
The property sits at the northwest corner of State Road 7 and Wiles Road, with access from multiple directions. The plaza includes numerous stores and provides a shared commercial setting for businesses seeking a visible storefront presence. The recorded address is 21-a-4631 N State Road 7, Coconut Creek, FL.
The property sits at the northwest corner of State Road 7 and Wiles Road, with access from multiple directions. The plaza includes numerous stores and provides a shared commercial setting for businesses seeking a visible storefront presence. The recorded address is 21-a-4631 N State Road 7, Coconut Creek, FL.
Key Highlights
- 1600 S.F. commercial condo storefront
- Corner unit in Building A
- NW corner of State Rd. 7 & Wiles Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,041
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,820
$1.0M
Cap Rate 7%
$729,157
$729.2K
Cap Rate 9%
$567,122
$567.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$80.1K $50.04/SF
− Vacancy
−$12.0K −$7.51/SF
EGI
$68.1K $42.53/SF
− OpEx
−$17.0K −$10.63/SF
NOI
$51.0K $31.90/SF
Area
Broward County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,820
Cap Rate 7%
$729,157
Cap Rate 9%
$567,122
Alternative Uses
Best Use
Office B
$729.2K
$638.0K – $850.7K
NOI $51,041 @ 7.0% cap · market cap 6.85%
Second Best
Retail
$277.6K
$242.9K – $323.9K
NOI $19,432 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$811.7K
$710.3K – $947.0K
NOI $56,822 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Under-served
Demand for This Use
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
$270,100
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Broward County, FL
Properties on Market for Storefront properties in Broward County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Floretta Florals LLC — 4779 NW 5th Ct, Coconut Creek, FL 33063
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible layout with glass frontage and a substantial facade for signage.
Where is this storefront property located?
The property is located at 21-a-4631 N State Road 7 Coconut Creek, FL.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 1600 S.F. commercial condo storefront; Corner unit in Building A; NW corner of State Rd. 7 & Wiles Rd.
