Freestanding CVS Pharmacy For
For Sale
Contact for pricing
255 S State Rd 7, Margate, FL 33068
Absolute Net Leased CVS Pharmacy in Margate, Florida.
Property Size11,169 SF
Lot Size0.92 Acres
Price / SF$358.13
Days on Market139
Property Features for 255 S State Rd 7
General Information
Standard status
Active
Size
11,169 SF
Lot size
0.92 Acres
Property subtype
Retail
Investment Type
Net Lease
Building Details
Year Built
2002
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
SURMOUNT
(786) 522-7017
Listed By:
Gabriel Britti · License #FL SL3211804
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Aug 11 at 11:12AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This is an Absolute Net Leased CVS Pharmacy for sale, located at 255 S. State Road in Margate, Florida. The property features a freestanding building with 11,169 square feet of retail space on a 0.92-acre parcel of land. The surrounding area is experiencing growth with numerous apartment complexes and brand-new home communities. Nearby residential complexes include Cross Creek Apartments (336 units), Legacy Lakeview Apartments (152 units), Vista Verde, The Palms Apartments, ARIUM Coconut Creek, and ARIUM Lakeside. New home communities in the vicinity are The Enclave by Pulte Homes (125 homesites), Oak Tree by Pulte Homes (over 400 homesites), Madison Place by D.R. Horton (108 homesites), and Cassia Estates by Pulte Homes (84 homesites). The property is near HCA Florida Northwest Hospital, a 289-bed facility, as well as Broward College (33,243 students), Atlantic Technical College (649 students), and American College of Health. CVS is an American Retail Corporation with over 9,967 locations, 203,000 employees and Revenue of US $134.128 Billion in 2018. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products, cosmetics, film and photos finishing services, seasonal merchandise and convenience foods. Margate is a city in Broward County, Florida with a population over 58,712 and part of the Miami-Metropolitan Area which was home to over 6,166,488 people in 2020.
Key Highlights
- Absolute net leased CVS Pharmacy for passive income.
- Located in Margate, Florida, part of the Miami‑Metropolitan Area.
- High‑traffic location surrounded by apartment complexes and new home communities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$215,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,300,280
$4.3M
Cap Rate 7%
$3,071,629
$3.1M
Cap Rate 9%
$2,389,044
$2.4M
Market Conditions
NOI Build-Up for 11,169 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$308.3K $27.60/SF
− Vacancy
−$21.6K −$1.93/SF
EGI
$286.7K $25.67/SF
− OpEx
−$71.7K −$6.42/SF
NOI
$215.0K $19.25/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,300,280
Cap Rate 7%
$3,071,629
Cap Rate 9%
$2,389,044
Alternative Uses
Best Use
Specialty Retail
$3.07M
$2.69M – $3.58M
NOI $215,014 @ 7.0% cap · market cap 5.38%
Second Best
Retail
$2.70M
$2.36M – $3.15M
NOI $188,859 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$5.67M
$4.96M – $6.61M
NOI $396,655 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walmart Pharmacy — 7900 W McNab Rd, North Lauderdale, FL 33068
- Fairadvantage — 1472 Avon Ln, North Lauderdale, FL 33068
- lulus holistic spa — 1591 S State Rd 7, North Lauderdale, FL 33068
- Raven Harris — 7900 W McNab Rd, North Lauderdale, FL 33068
- Rhonda Skinner, RPH — 7105 w mcnab rd, north lauderdale, fl 33068
Frequently Asked Questions
What type of property is this?
Drug store - Absolute Net Leased CVS Pharmacy in Margate, Florida.
Where is this drug store located?
The property is located at 255 S State Rd 7 Margate, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Absolute net leased CVS Pharmacy for passive income.; Located in Margate, Florida, part of the Miami‑Metropolitan Area.; High‑traffic location surrounded by apartment complexes and new home communities.
