Second-Floor Office
For Sale
Contact for pricing
5300 W Hillsboro Blvd, Coconut Creek, FL 33441
Three private windowed offices support office or medical use.
Property Size950 SF
Price / SF$395
Days on Market15
Property Features for 5300 W Hillsboro Blvd
General Information
Standard status
Active
Size
950 SF
Class
A
Property subtype
Office
Lease Type
Modified Gross
Additional Details
Floor
2
Utilities to Site
Yes
Office Units
1
Building Details
Units
1
Tenancy
Multi
Listing Agency:
SVN Commercial Partners
Listed By:
Henry Gluckstern · License #BK543762
Source:
Crexi
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 9:31PM
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 SVN Commercial Partners
Investment Insights
Based on property information with market context.
Located on the second floor, this 950-square-foot office suite includes three private offices with windows and one ADA-compliant restroom. Recent improvements include new flooring and fresh paint, creating a refreshed interior for professional occupancy. The layout is suited to office or medical use.
The suite is at 5300 W Hillsboro Blvd in Coconut Creek, FL. The occupant is responsible for electricity, janitorial service, and internet, while water and sewer are included.
The suite is at 5300 W Hillsboro Blvd in Coconut Creek, FL. The occupant is responsible for electricity, janitorial service, and internet, while water and sewer are included.
Key Highlights
- 950‑square‑foot second‑floor office suite
- Three private offices with windows
- One ADA restroom
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
$25,180
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
6.71%
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%
$503,600
$503.6K
Cap Rate 7%
$359,714
$359.7K
Cap Rate 9%
$279,778
$279.8K
Market Conditions
NOI Build-Up for 950 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
$43.3K $45.60/SF
− Vacancy
−$9.7K −$10.26/SF
EGI
$33.6K $35.34/SF
− OpEx
−$8.4K −$8.84/SF
NOI
$25.2K $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%
$503,600
Cap Rate 7%
$359,714
Cap Rate 9%
$279,778
Alternative Uses
Best Use
Office B
$359.7K
$314.8K – $419.7K
NOI $25,180 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.7K – $562.3K
NOI $33,738 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
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 - Three private windowed offices support office or medical use.
Where is this office units located?
The property is located at 5300 W Hillsboro Blvd Coconut Creek, FL.
What is the asking price?
The asking price for this property is $375,250.
What are key features of this property?
This property features: 950‑square‑foot second‑floor office suite; Three private offices with windows; One ADA restroom
