Fully Occupied Davie Road
For Sale
Contact for pricing
4100 Davie Road Extension, Hollywood, FL 33024
Fully leased medical office asset with long-term tenant.
Property Size22,708 SF
Price / SF$330.28
Days on Market191
Property Features for 4100 Davie Road Extension
General Information
Standard status
Active
Size
22,708 SF
Class
B
Property subtype
Office
Zoning
B-2
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$485,983
Building Details
Year Built
2010
Buildings
3
Stories
2
Units
6
Tenancy
Single
Listing Agency:
Marcus & Millichap - The Zylberglait Group
(786) 522-7005
Listed By:
Alex Zylberglait · License #FL BK3015211
Source:
Crexi
Added: Feb 19
Changed: Aug 21
Last Checked: Aug 28 at 4:39PM
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 Marcus & Millichap - The Zylberglait Group
Investment Insights
Based on property information with market context.
Parc Sixty-Four, located at 4100 Davie Road Extension in Davie, Florida, is a fully occupied commercial real estate asset. Constructed in 2010, this property consists of three buildings with a total of 22,708 rentable square feet. The property is 100% leased to a single, long-term tenant, Recovery First Inc. The property generates a Net Operating Income of $485,983. The property is offered at a 6.5% capitalization rate. A recent two-year lease extension and 4% annual rent increases provide stability. The property's location on Davie Road Extension provides visibility and access to the Florida Turnpike. The property's zoning for medical and overnight use provides a competitive advantage, making it a valuable asset for retaining specialized tenants.
Key Highlights
- 100% leased to Recovery First Inc., a single, long‑term tenant
- Generates a current Net Operating Income of $485,983 at a 6.5% capitalization rate.
- Recent two‑year lease extension with 4% annual rent increases.
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
$438,378
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
5.85%
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%
$8,767,560
$8.8M
Cap Rate 7%
$6,262,543
$6.3M
Cap Rate 9%
$4,870,867
$4.9M
Market Conditions
NOI Build-Up for 22,708 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
$749.4K $33.00/SF
− Vacancy
−$164.9K −$7.26/SF
EGI
$584.5K $25.74/SF
− OpEx
−$146.1K −$6.44/SF
NOI
$438.4K $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /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%
$8,767,560
Cap Rate 7%
$6,262,543
Cap Rate 9%
$4,870,867
Alternative Uses
Best Use
Office B
$6.26M
$5.48M – $7.31M
NOI $438,378 @ 7.0% cap · market cap 5.85%
Second Best
Healthcare Medical
$4.57M
$4.00M – $5.34M
NOI $320,128 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,836 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Aycock Veterinary Clinic — 5490 Stirling Rd, Davie, FL 33314
- DPC Veterinary Hospital — 6991 Stirling Rd, Davie, FL 33314
- Davie Veterinary Center — 5930 SW 64th Ave, Davie, FL 33314
- Bennett Lisa DVM — 5930 SW 64th Ave, Davie, FL 33314
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office asset with long-term tenant.
Where is this medical office space located?
The property is located at 4100 Davie Road Extension Hollywood, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 100% leased to Recovery First Inc., a single, long‑term tenant; Generates a current Net Operating Income of $485,983 at a 6.5% capitalization rate.; Recent two‑year lease extension with 4% annual rent increases.
