Office-Configured Retail
2700 N State Road 7, Margate, FL 33063
For Sale
Contact for pricing
The space currently functions as an office and has adjacent parking available.
Property Size950 SF
Price / SF$2.84
Days on Market17
Property Features for 2700 N State Road 7
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Amenities
Square Feet: 70492
Parcel Number: 484219010275, Tax Annual Amount: $69,860, Tax Legal Description: PALM BEACH FARMS 2-54 PB TR 91 S 300 OF W 250, LESS PT LYING WITHIN 120 OF W/L OF SEC 19 BLK 90
Business Type: Retail Space, Special Listing Conditions: Lease, Standard Status: Active
Year Built: 1977, Building Area Total: 15563
County Or Parish: Broward County
Leasable Area Units: Square Feet, Leasable Area: 903
Building Details
Year Built
Tenancy
Listing Agency:
Current Capital Realty
(954) 966-8181
Listed By:
Alvaro Plazas · License #A12028942
(954) 937-3339
Source:
Riserealty
Added: Oct 22
Changed: Nov 6
Last Checked: Nov 6 at 3:00PM
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 Current Capital Realty
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 retail space at 2700 N State Road 7 in Margate is currently configured for office use. Adjacent parking is available for approximately 80 vehicles, and the property was built in 1977.
The property is near I-95 and the Florida Turnpike, with frontage and signage opportunities noted along State Road 7.
The property is near I-95 and the Florida Turnpike, with frontage and signage opportunities noted along State Road 7.
Key Highlights
- Currently arranged for office use
- Adjacent parking available for approximately 80 vehicles
- Frontage and signage opportunities along State Road 7
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,064
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,280
$321.3K
Cap Rate 7%
$229,486
$229.5K
Cap Rate 9%
$178,489
$178.5K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$25.1K $26.40/SF
− Vacancy
−$2.1K −$2.24/SF
EGI
$22.9K $24.16/SF
− OpEx
−$6.9K −$7.25/SF
NOI
$16.1K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,280
Cap Rate 7%
$229,486
Cap Rate 9%
$178,489
Alternative Uses
Best Use
Retail
$229.5K
$200.8K – $267.7K
NOI $16,064 @ 7.0% cap · market cap 594.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.7K – $562.3K
NOI $33,738 @ 7.0% cap · market cap 1,249.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway 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
$270,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Broward County, FL
Properties on Market for Retail space in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space currently functions as an office and has adjacent parking available.
Where is this retail space located?
The property is located at 2700 N State Road 7 Margate, FL.
What are key features of this property?
This property features: Currently arranged for office use; Adjacent parking available for approximately 80 vehicles; Frontage and signage opportunities along State Road 7
