Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Plantation Redevelopment Opportunity Title is generated by Realmo AI

    420-440 South State Road 7, Plantation, FL 33317

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,490,000

    2.78 acres suitable for redevelopment with proposed 250 units.

    Type:Multifamily
    Property size:
    11,000 SF
    Price / SF:
    $771/SF
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    Dec 2 at 4:27 am

    Property Features for 420-440 South State Road 7

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Scott Crowhurst

    Listing agent Scott Crowhurst License #0666202

    Listing office JLA Realty

    Listing date Nov 21, 2025

    Source Sperrycga

    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 JLA Realty

    HighLights

    • Prime redevelopment opportunity in Plantation, Florida Gateway District.
    • City of Plantation is in favor of redevelopment and willing to assist.
    • Proposed 250 multi‑family units & 4000sf of retail/office space.
    • 2.78 Acres with over 500 feet of frontage along State Road 7.
    • Proposed 8‑story building.
    • Currently a used car dealership with 11,000 square feet of office & repair bays.

    Overview

    This 2.78-acre site, currently operating as a large used car dealership, presents a redevelopment opportunity in Plantation, Florida. The rectangular-shaped lot features over 500 feet of frontage along State Road 7. Located within the Gateway district, the City of Plantation is open to assisting developers interested in constructing affordable multi-family housing. Plans propose an 8-story building with 250 units and 4,000 square feet of retail or office space. The existing improvements include 11,000 square feet of office and repair bays spread across 4 buildings. The lot can accommodate approximately 250 cars. The current use is a used car dealership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.2256
    Latitude
    26.113

    Nearby Similar for Sale

    • $200,000

      Plantation Restaurant Business For Sale

      Cozy Vietnamese restaurant with loyal customer base and excellent reviews.
      1860 N University Dr, Plantation, FL 33322
      View Details
    • $150,000

      Profitable Turnkey CBD Smoke Shop

      Turnkey CBD smoke shop generating approximately $30,000 monthly income.
      510 s state RD 7, Plantation, FL 33317
      View Details
    • $300,000
      23,166 SF

      Drive-Thru Convenience Store Opportunity

      Established drive-thru convenience store on 2.20 acres for sale.
      6900 CYPRESS ROAD, PLANTATION, FL 33317
      View Details
    • $23
      56,141 SF

      Class A Office Building

      Class A office building in central Broward County location.
      2 South University Drive, Plantation, FL 33324
      View Details
    • $90,000
      1,482 SF

      Turnkey Boba Tea Shop

      Operating boba tea shop in a Publix-anchored plaza.
      Boba Tea Shop For Sale in Plantation, Plantation, FL 33317
      View Details
    • $590,000
      2,009 SF

      Plantation Office Building For Sale

      2,009 square foot office building available in Plantation, Florida.
      350 N Pine Island Rd, Plantation, FL
      View Details
    • $6,664,000
      2,800 SF

      Plantation Retail Property For Sale

      Retail property with long-term tenant and rental increases.
      1799 N University Dr, Plantation, FL
      View Details
    • $4,000,000

      Retail Plaza in Plantation, Florida

      Retail shopping plaza in a high-traffic Plantation location.
      1806 N Pine Island Rd, Plantation, FL
      View Details
    • $5,800,000
      36,354 SF

      Plantation Office Building For Sale

      Office building with private restrooms, HVAC, and ample parking.
      7390 NW 5th St, Plantation, FL
      View Details
    • $5,000,000
      2,837 SF

      NNN Lease Retail Investment

      Retail property with a 15-year absolute NNN lease.
      10197 Cleary Blvd, Plantation, FL 33324
      View Details
    • $269,000
      774 SF

      Established Restaurant Franchise Opportunity

      Well-established franchise in high-traffic mall food court.
      8000 W BROWARD BLVD, Plantation, FL 33388
      View Details
    • $4,000,000
      13,622 SF

      Plantation Retail Shopping Plaza ForSale

      Retail shopping plaza in Plantation, Florida, for sale.
      1806-1856 N Pine Island Rd, Plantation, FL 33322
      View Details

    FAQs

    What type of property is this?
    Apartment building - 2.78 acres suitable for redevelopment with proposed 250 units.
    Where is this apartment building located?
    The property is located at 420-440 South State Road 7 Plantation, FL.
    What is the asking price?
    The asking price for this property is $8,490,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in Plantation, Florida Gateway District.; City of Plantation is in favor of redevelopment and willing to assist.; Proposed **250 multi‑family units & 4000sf of retail/office space.**
    (954) 907-0134
    We can help!
    Listing Contact
    Scott Crowhurst
    Real Estate License ID: 0666202
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    420-440 South State Road 7, Plantation, FL 33317
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!