First-Floor Corner Office
For Sale
Contact for pricing
5350 W Hillsboro Blvd, Coconut Creek, FL 33073
Suite 104 offers a window-lined layout with access to surface parking and the building at all hours.
Property Size1,334 SF
Price / SF$374.74
Days on Market200
Property Features for 5350 W Hillsboro Blvd
General Information
Standard status
Active
Size
1,334 SF
Property subtype
Office
Financials
Asking Price
$499,900
HOA Fee
$614.75
Additional Details
Floor
1
Highway Access
Yes
Amenities
24/7 access
Listing Agency:
SVN Commercial Partners
Listed By:
Henry Gluckstern · License #BK543762
Source:
Crexi
Added: Feb 12
Changed: Aug 29
Last Checked: Aug 29 at 4:24PM
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.
Suite 104 is a 1,334-square-foot first-floor corner office unit at 5350 W Hillsboro Blvd in Coconut Creek. Extensive window exposure brings natural light to the space, which is positioned for office or medical use. The property includes ample surface parking and provides 24/7 access.
The site is near the Sawgrass Expressway, West Boca Medical Center, residential communities, retail stores, and banking services. Its corner-unit configuration and ground-floor placement provide a practical setting for professional occupancy.
The site is near the Sawgrass Expressway, West Boca Medical Center, residential communities, retail stores, and banking services. Its corner-unit configuration and ground-floor placement provide a practical setting for professional occupancy.
Key Highlights
- 1,334‑square‑foot Suite 104 office unit
- First‑floor corner position with lots of windows
- Suitable for medical or office users
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
$35,358
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
7.07%
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%
$707,160
$707.2K
Cap Rate 7%
$505,114
$505.1K
Cap Rate 9%
$392,867
$392.9K
Market Conditions
NOI Build-Up for 1,334 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
$60.8K $45.60/SF
− Vacancy
−$13.7K −$10.26/SF
EGI
$47.1K $35.34/SF
− OpEx
−$11.8K −$8.84/SF
NOI
$35.4K $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%
$707,160
Cap Rate 7%
$505,114
Cap Rate 9%
$392,867
Alternative Uses
Best Use
Office B
$505.1K
$442.0K – $589.3K
NOI $35,358 @ 7.0% cap · market cap 7.07%
Second Best
Healthcare Medical
$251.1K
$219.7K – $293.0K
NOI $17,577 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$676.8K
$592.2K – $789.6K
NOI $47,376 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,544
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 - Suite 104 offers a window-lined layout with access to surface parking and the building at all hours.
Where is this office units located?
The property is located at 5350 W Hillsboro Blvd Coconut Creek, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,334‑square‑foot Suite 104 office unit; First‑floor corner position with lots of windows; Suitable for medical or office users
