Vacant Medical Office/Retail
3840 Coconut Creek Pkwy Coconut Creek, FL 33066
3840 Coconut Creek Pkwy, Coconut Creek, FL, 33066
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For Sale
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Vacant medical office/retail space totaling 4,083 SF, offered for sale with B-3 zoning.
Property Size4,083 SF
Price / SF$342.89
Days on Market91
Property Features for 3840 Coconut Creek Pkwy
General Information
- Standard status
- Active
- Size
- 4,083 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1980
Listing agency
Matthews
(239) 994-9643
Listed by
Alexander Machado · License #SL3507121
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 12:07AM Checked: Jul 21 at 7:06AM
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 Matthews
Investment Insights
Based on property information with market context.
This property is a vacant medical office/retail space totaling 4,083 SF. It is currently available for sale, with use supported by B-3 zoning.
The offering is located at 3840 Coconut Creek Pkwy in Coconut Creek, FL. The property presents as a combined medical office and retail asset within the existing B-3 zoning framework.
As presented, the primary commercial takeaway is the flexibility implied by the medical office and retail positioning, along with the stated zoning designation. The space is ready for an interested buyer to evaluate fit based on the existing improvements and desired use under B-3 zoning.
The offering is located at 3840 Coconut Creek Pkwy in Coconut Creek, FL. The property presents as a combined medical office and retail asset within the existing B-3 zoning framework.
As presented, the primary commercial takeaway is the flexibility implied by the medical office and retail positioning, along with the stated zoning designation. The space is ready for an interested buyer to evaluate fit based on the existing improvements and desired use under B-3 zoning.
Key Highlights
- Vacant medical office/retail space totaling 4,083 SF
- Year built: 1980
- B‑3 zoning
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.2k | $45.60 |
| − Vacancy | −$41.9k | −$10.26 |
| EGI | $144.3k | $35.34 |
| − OpEx | −$36.1k | −$8.84 |
| NOI | $108.2k | $26.51 |
4,083 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.35M – $1.80M
NOI $108,220 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$986.3K
$863.0K – $1.15M
NOI $69,040 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,003 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Lyons Road Animal Hospital — 1467 Lyons Rd, Coconut Creek, FL 33063
- Lyons Road Animal Hospital: Melgey Christopher DVM — 1467 lyons rd, coconut creek, fl 33063
FAQs
What type of property is this?
Medical Office Space - Vacant medical office/retail space totaling 4,083 SF, offered for sale with B-3 zoning.
Where is this medical office space located?
The property is located at 3840 Coconut Creek Pkwy Coconut Creek, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Vacant medical office/retail space totaling 4,083 SF; Year built: 1980; B‑3 zoning
