Completed Office Unit with Seven
For Sale
$550,000
4850 North State Road 7 Unit G104, Lauderdale Lakes, FL 33309
Finished commercial suite with presentation and projection rooms, configured for immediate occupancy.
Property Size1,879 SF
Price / SF$292.71
Days on Market126
Property Features for 4850 North State Road 7 Unit G104
General Information
Standard status
Active
Size
1,879 SF
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$7,362
Amenities
Central Individual
Electric
1.0
Laminate
1
CBS
Shingle
No
Smoke Detector(s)
Building Details
Year Built
1984
Listing Agency:
Freedom Investors Realty Inc
(954) 661-6718
Listed By:
Smith Josaphat · License #3014923
(954) 661-6718
Source:
Compass
Added: Apr 29
Changed: Aug 31
Last Checked: Aug 31 at 12:31AM
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 Freedom Investors Realty Inc
Investment Insights
Based on property information with market context.
Unit G104 is a completed 1,879-square-foot office property with a practical multi-room layout. The space includes seven offices, a presentation room, and a dedicated projection room, providing a finished configuration for an office user seeking immediate occupancy.
The property was built in 1984 and sits at the corner of North State Road 7 and West Commercial Boulevard in Lauderdale Lakes, Florida. Central individual electric service and laminate flooring are among the interior features, while the building has CBS construction and shingle roofing.
The property was built in 1984 and sits at the corner of North State Road 7 and West Commercial Boulevard in Lauderdale Lakes, Florida. Central individual electric service and laminate flooring are among the interior features, while the building has CBS construction and shingle roofing.
Key Highlights
- 1,879 SF completed office unit
- Seven offices plus presentation and projection rooms
- Located at the corner of North State Road 7 and West Commercial Boulevard
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
$49,803
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
9.06%
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%
$996,060
$996.1K
Cap Rate 7%
$711,471
$711.5K
Cap Rate 9%
$553,367
$553.4K
Market Conditions
NOI Build-Up for 1,879 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
$85.7K $45.60/SF
− Vacancy
−$19.3K −$10.26/SF
EGI
$66.4K $35.34/SF
− OpEx
−$16.6K −$8.84/SF
NOI
$49.8K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /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%
$996,060
Cap Rate 7%
$711,471
Cap Rate 9%
$553,367
Alternative Uses
Best Use
Office B
$711.5K
$622.5K – $830.1K
NOI $49,803 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$953.3K
$834.1K – $1.11M
NOI $66,731 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
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 - Finished commercial suite with presentation and projection rooms, configured for immediate occupancy.
Where is this office units located?
The property is located at 4850 North State Road 7 Unit G104 Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,879 SF completed office unit; Seven offices plus presentation and projection rooms; Located at the corner of North State Road 7 and West Commercial Boulevard
