Flex Space in Retail
22-a-4631 N State Road 7, Coconut Creek, FL 33063
For Sale
$695,000
Versatile commercial suite suited to shop, office, service, professional, medical, or retail operations.
Property Size1,500 SF
Price / SF$463.33
Days on Market104
Property Features for 22-a-4631 N State Road 7
General Information
Standard status
Size
Additional Details
Road Access
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 5
Last Checked: Nov 12 at 12:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500 SF flex suite is located within Coral Creek Plaza at Unit 22A. The space supports a mix of shop, retail, professional, demonstration-exhibition, and service uses, with additional suitability for office, financial, and medical businesses.
The plaza occupies the northwest corner of Wiles Road and State Road 7, also identified as State Road 7 (441). Access is available from all directions of traffic, and the property is positioned within a high-traffic commercial intersection.
The plaza occupies the northwest corner of Wiles Road and State Road 7, also identified as State Road 7 (441). Access is available from all directions of traffic, and the property is positioned within a high-traffic commercial intersection.
Key Highlights
- 1, 500 S.F. flex space in Coral Creek Plaza
- Unit 22A at the northwest corner of Wiles Rd & State Rd. 7 (441)
- Suitable for shop, retail, professional, demo‑exhibition, and service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,851
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,020
$957.0K
Cap Rate 7%
$683,586
$683.6K
Cap Rate 9%
$531,678
$531.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$75.1K $50.04/SF
− Vacancy
−$11.3K −$7.51/SF
EGI
$63.8K $42.53/SF
− OpEx
−$16.0K −$10.63/SF
NOI
$47.9K $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%
$957,020
Cap Rate 7%
$683,586
Cap Rate 9%
$531,678
Alternative Uses
Best Use
Office B
$683.6K
$598.1K – $797.5K
NOI $47,851 @ 7.0% cap · market cap 6.89%
Second Best
Retail
$260.3K
$227.7K – $303.6K
NOI $18,218 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$761.0K
$665.9K – $887.9K
NOI $53,271 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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 Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Gold Choice Ballroom — 345 S State Rd 7, Margate, FL 33068
- Sidecar Kitchen — 352 S State Rd 7, Margate, FL 33068
- Las 3 Boris — 1011 FL-7, Margate, FL 33063
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial suite suited to shop, office, service, professional, medical, or retail operations.
Where is this flex space located?
The property is located at 22-a-4631 N State Road 7 Coconut Creek, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1, 500 S.F. flex space in Coral Creek Plaza; Unit 22A at the northwest corner of Wiles Rd & State Rd. 7 (441); Suitable for shop, retail, professional, demo‑exhibition, and service uses
