Office Building with
513 N State Road 7, Margate, FL 33063
For Sale
$1,630,000
TOC-G zoning allows medical office use for up to five physicians, subject to City of Margate verification.
Property Size3,270 SF
Lot Size0.19 Acres
Price / SF$498.47
Days on Market18
Property Features for 513 N State Road 7
General Information
Standard status
Size
Total Parking Spaces
Elevators
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Owner Occupied
Listing Agency:
APEX Capital Realty LLC
Listed By:
Miguel Pinto · License #3313310
(305) 632-2575
Source:
Relinkre
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 2:15PM
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 APEX Capital Realty LLC
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Investment Insights
Based on property information with market context.
This freestanding office property contains 3,270 square feet across two 1,635-square-foot floors. An elevator serves both levels. The interior includes a reception area, two conference rooms, nine private offices, open work areas, and three restrooms on the first floor. The second floor has a large bathroom with a steam room. Built in 1983, the building has 12 surface parking spaces divided between front and rear areas, with rear alley access and a recorded ingress/egress easement over the adjoining lot.
The property fronts State Road 7 (US-441), one lot from the signalized Atlantic Boulevard intersection in Margate. FDOT’s 2025 AADT figure for SR 7 at the site is approximately 47,000 vehicles per day. Zoning is TOC-G (Transit Oriented Corridor-Gateway); medical office use for up to five physicians is permitted, with all uses subject to verification with the City of Margate.
The two floors may be leased together or separately.
The property fronts State Road 7 (US-441), one lot from the signalized Atlantic Boulevard intersection in Margate. FDOT’s 2025 AADT figure for SR 7 at the site is approximately 47,000 vehicles per day. Zoning is TOC-G (Transit Oriented Corridor-Gateway); medical office use for up to five physicians is permitted, with all uses subject to verification with the City of Margate.
The two floors may be leased together or separately.
Key Highlights
- 3,270 SF building on an 8,491 SF lot
- Two 1,635 SF floors served by an elevator
- 12 surface parking spaces across front and rear areas; rear alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,671
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,420
$1.7M
Cap Rate 7%
$1,238,157
$1.2M
Cap Rate 9%
$963,011
$963.0K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$149.1K $45.60/SF
− Vacancy
−$33.6K −$10.26/SF
EGI
$115.6K $35.34/SF
− OpEx
−$28.9K −$8.84/SF
NOI
$86.7K $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 Rate 5%
$1,733,420
Cap Rate 7%
$1,238,157
Cap Rate 9%
$963,011
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,671 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,131 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
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Business Placement
Demographics for 33063, FL
56,296
Population
27,019
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,865
Density / Sq Mi
$62,930
Median Household Income
$38,038
Median Earnings
$1,790
Median Rent
$270,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Broward County, FL
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Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - TOC-G zoning allows medical office use for up to five physicians, subject to City of Margate verification.
Where is this office building located?
The property is located at 513 N State Road 7 Margate, FL.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: 3,270 SF building on an 8,491 SF lot; Two 1,635 SF floors served by an elevator; 12 surface parking spaces across front and rear areas; rear alley access
