Freestanding Mixed-Use
2121 N State Road 7, Margate, FL 33063
For Sale
New
$1,300,000
The property combines a substantial parcel with recent roof and air-conditioning replacements along State Road 7.
Property Size3,300 SF
Lot Size0.59 Acres
Price / SF$393.94
Days on Market6
Property Features for 2121 N State Road 7
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Beachfront Realty Inc
Listed By:
Cecile Murphy-Attery · License #3217276
(786) 444-3680
Source:
Pamandtoni
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 7 at 4:37PM
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 Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1980, the freestanding mixed-use building contains 3,300 square feet on a 25,489-square-foot lot, approximately 0.59 acre. The roof was replaced in 2022, and the air conditioning was replaced in 2023. The property is zoned TOC-C. A tower at the rear is owned by American Tower Asset Sub, LLC.
The site fronts State Road 7, also identified as U.S. 441, in Margate, Florida.
The site fronts State Road 7, also identified as U.S. 441, in Margate, Florida.
Key Highlights
- 3,300‑square‑foot building on a 25,489‑square‑foot lot
- Directly on State Road 7 (U.S. 441)
- TOC‑C zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,925
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,500
$1.1M
Cap Rate 7%
$813,214
$813.2K
Cap Rate 9%
$632,500
$632.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$99.0K $30.00/SF
− Vacancy
−$7.9K −$2.40/SF
EGI
$91.1K $27.60/SF
− OpEx
−$34.2K −$10.35/SF
NOI
$56.9K $17.25/SF
Area
Broward County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,500
Cap Rate 7%
$813,214
Cap Rate 9%
$632,500
Alternative Uses
Best Use
Mixed Use
$813.2K
$711.6K – $948.8K
NOI $56,925 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,196 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
$270,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a substantial parcel with recent roof and air-conditioning replacements along State Road 7.
Where is this mixed-use property located?
The property is located at 2121 N State Road 7 Margate, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,300‑square‑foot building on a 25,489‑square‑foot lot; Directly on State Road 7 (U.S. 441); TOC‑C zoning
