Office/Shop Space in
For Sale
$749,500
4631 State Road 7, Pompano Beach, FL 33073
1,588-square-foot office/shop unit in Coral Creek Plaza at a busy intersection with access from all directions.
Property Size1,588 SF
Price / SF$471.98
Days on Market697
Property Features for 4631 State Road 7
General Information
Standard status
Active
Size
1,588 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,719
Amenities
3
1
Building Details
Year Built
2007
Listing Agency:
Dowell Realty, LLC
(954) 803-1587
Listed By:
Shangpyng Yen
Source:
Xome
Added: Oct 11, 2024
Changed: Sep 1
Last Checked: Sep 7 at 6:03AM
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 Dowell Realty, LLC
Investment Insights
Based on property information with market context.
This offering includes one 1,588-square-foot office/shop space within Coral Creek Plaza, identified as Unit 21A. The unit is suited to a range of uses including office, retail, or various service-type businesses.
The plaza is located at the southwest corner of the intersection of Wiles and State Road 7 (441), in a busy traffic area. Access is available from all directions of traffic, and the corner plaza includes many big brand name stores.
If you’re looking for a compact footprint designed to help manage operating expenses, this size office/shop unit is positioned as an practical fit for businesses seeking space within a multi-tenant retail plaza environment.
The plaza is located at the southwest corner of the intersection of Wiles and State Road 7 (441), in a busy traffic area. Access is available from all directions of traffic, and the corner plaza includes many big brand name stores.
If you’re looking for a compact footprint designed to help manage operating expenses, this size office/shop unit is positioned as an practical fit for businesses seeking space within a multi-tenant retail plaza environment.
Key Highlights
- 1,588‑square‑foot office/shop unit in Coral Creek Plaza (Unit 21A), built in 2007
- Located on the SW corner of Wiles and State Rd. 7 (441), a very busy traffic area
- Corner‑plaza access from all directions of traffic
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
$38,577
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
5.15%
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%
$771,540
$771.5K
Cap Rate 7%
$551,100
$551.1K
Cap Rate 9%
$428,633
$428.6K
Market Conditions
NOI Build-Up for 1,588 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
$57.2K $36.00/SF
− Vacancy
−$2.1K −$1.30/SF
EGI
$55.1K $34.70/SF
− OpEx
−$16.5K −$10.41/SF
NOI
$38.6K $24.29/SF
Area
Pompano Beach, FL
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
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%
$771,540
Cap Rate 7%
$551,100
Cap Rate 9%
$428,633
Alternative Uses
Best Use
Retail
$551.1K
$482.2K – $643.0K
NOI $38,577 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$447.7K
$391.8K – $522.4K
NOI $31,342 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$619.3K
$541.9K – $722.5K
NOI $43,352 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 33073, FL
32,853
Population
12,708
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
4,056
Density / Sq Mi
$99,269
Median Household Income
$50,754
Median Earnings
$2,193
Median Rent
$453,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 1,588-square-foot office/shop unit in Coral Creek Plaza at a busy intersection with access from all directions.
Where is this office units located?
The property is located at 4631 State Road 7 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: 1,588‑square‑foot office/shop unit in Coral Creek Plaza (Unit 21A), built in 2007; Located on the SW corner of Wiles and State Rd. 7 (441), a very busy traffic area; Corner‑plaza access from all directions of traffic
