Fully Occupied Davie Road
4100 Davie Road Extension Hollywood, FL 33024
4100 Davie Road Extension, Hollywood, FL, 33024
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For Sale
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Fully leased medical office asset with long-term tenant.
Property Size22,708 SF
Price / SF$330.28
Days on Market148
Property Features for 4100 Davie Road Extension
General Information
- Standard status
- Active
- Size
- 22,708 SF
- Property subtype
- Office
Building Details
- Year Built
- 2010
Listing Agency
Marcus & Millichap - The Zylberglait Group
Listed by
Alex Zylberglait · License #FL BK3015211
Source
Crexi
Added: Feb 19 Checked: Jul 17 at 11:25 am
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.
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 | $749.4k | $33.00 |
| − Vacancy | −$164.9k | −$7.26 |
| EGI | $584.5k | $25.74 |
| − OpEx | −$146.1k | −$6.44 |
| NOI | $438.4k | $19.31 |
22,708 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Le Plug Protein ...
Specialty Food Shop
Smile Every Day ...
Dental Office
Smile Every Day ...
Dental Office
Capoeira Verdade Arts ...
Training Center
Weta Fit Studio
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- Davie Veterinary Center — 5930 SW 64th Ave, Davie, FL 33314
- DPC Veterinary Hospital — 6991 Stirling Rd, Davie, FL 33314
- Bennett Lisa DVM — 5930 SW 64th Ave, Davie, FL 33314
FAQs
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.
