Retail Investment Opportunity in
For Sale
$7,250,000
2922 N State Road 7, Margate, FL 33063
20,714 SF shopping center with lease-up potential.
Property Size20,714 SF
Lot Size1.32 Acres
Days on Market313
Property Features for 2922 N State Road 7
General Information
Standard status
Active
Size
20,714 SF
Lot size
1.32 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$78,855
Building Details
Building Size
20,714 SF
Year Built
1972
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License #A12052614
(954) 453-1000
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 21
Last Checked: Oct 5 at 7:40PM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This commercial property is a 20,714 square foot shopping center on a 1.32-acre lot. The property includes 65 parking spaces and features 12 units. Currently, the property is 49.31% occupied by four tenants. Approximately 10,500 square feet is available, presenting an opportunity for an owner-user or additional lease-up potential. The property is located in Margate, FL.
Key Highlights
- Prime location
- Substantial 20,714 SF shopping center
- Prime investment property with significant lease‑up potential due to approximately 10,500 SF of available space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$350,257
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,005,140
$7.0M
Cap Rate 7%
$5,003,671
$5.0M
Cap Rate 9%
$3,891,744
$3.9M
Market Conditions
NOI Build-Up for 20,714 SF
Gross rent
$546.8K $26.40/SF
− Vacancy
−$46.5K −$2.24/SF
EGI
$500.4K $24.16/SF
− OpEx
−$150.1K −$7.25/SF
NOI
$350.3K $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%
$7,005,140
Cap Rate 7%
$5,003,671
Cap Rate 9%
$3,891,744
Alternative Uses
Best Use
Retail
$5.00M
$4.38M – $5.84M
NOI $350,257 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.51M
$9.20M – $12.26M
NOI $735,636 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- Crossroads — 5000 Coconut Creek Pkwy, Margate, FL 33063
- Coconuts Flea Market — 5259 Coconut Creek Pkwy, Margate, FL 33063
- Village Plaza — 1360-1454 FL-7, Margate, FL 33063
- Marget Plaza — Pompano Beach, FL 33063
Frequently Asked Questions
What type of property is this?
Shopping center - 20,714 SF shopping center with lease-up potential.
Where is this shopping center located?
The property is located at 2922 N State Road 7 Margate, FL.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Prime location; Substantial 20,714 SF shopping center; Prime investment property with significant lease‑up potential due to approximately 10,500 SF of available space
