Fully Occupied Davie Road
For Sale
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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 Market255
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
Site & Location
Neighborhood
Driftwood
Building Details
Year Built
2010
Buildings
3
Stories
2
Units
6
Tenancy
Single
Listing Agency:
Marcus & Millichap - The Zylberglait Group
Listed By:
Alex Zylberglait · License #FL BK3015211
(786) 522-7056
Source:
Crexi
Added: Feb 19
Changed: Oct 31
Last Checked: Nov 1 at 2:27AM
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
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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 / Yr
$438,378
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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.
