Corner Office Suite with Private
6191 W Atlantic Boulevard #1, Margate, FL 33063
For Sale
Contact for pricing
A built-out workspace offers elevator access, a private restroom, and an individual air-conditioning unit.
Property Size10,308 SF
Price / SF$0.00
Days on Market61
Property Features for 6191 W Atlantic Boulevard #1
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Additional Details
Condition
Road Access
Property Use
Amenities
24-hour access
after-hours HVAC available
Building Details
Year Built
Listing Agency:
Random Penguin Capital Realty LLC
(786) 419-7978
Listed By:
Patricia Sardinas · License FL #3544623
(980) 875-7413
Source:
Lehmannflorida
Added: Sep 11
Changed: Nov 10
Last Checked: Nov 10 at 8:36AM
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 Random Penguin Capital Realty LLC
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Investment Insights
Based on property information with market context.
This 750-square-foot office suite combines an open work area with a separate private office and its own bathroom. Hardwood flooring, a drop ceiling, emergency lighting, and large windows are part of the interior, along with an individual A/C unit. The corner suite is in a commercial building constructed in 1982, with elevator service and access around the clock. After-hours HVAC is available.
Located on W Atlantic Boulevard in Margate, the property is zoned TPC-C (Town Center Planned Commercial). Permitted commercial uses are subject to applicable zoning, licensing, parking, and municipal requirements.
Located on W Atlantic Boulevard in Margate, the property is zoned TPC-C (Town Center Planned Commercial). Permitted commercial uses are subject to applicable zoning, licensing, parking, and municipal requirements.
Key Highlights
- 750 SF office suite with open workspace and a separate private office
- Corner location with large windows and natural light
- Private bathroom and individual A/C unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$328,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,576,600
$6.6M
Cap Rate 7%
$4,697,571
$4.7M
Cap Rate 9%
$3,653,667
$3.7M
Market Conditions
NOI Build-Up for 10,308 SF
Gross rent
$515.8K $50.04/SF
− Vacancy
−$77.4K −$7.51/SF
EGI
$438.4K $42.53/SF
− OpEx
−$109.6K −$10.63/SF
NOI
$328.8K $31.90/SF
Area
Broward County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,576,600
Cap Rate 7%
$4,697,571
Cap Rate 9%
$3,653,667
Alternative Uses
Best Use
Office B
$4.70M
$4.11M – $5.48M
NOI $328,830 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M
NOI $366,078 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Explore this area
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 Units in Broward County, FL
Properties on Market for Office Units in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A built-out workspace offers elevator access, a private restroom, and an individual air-conditioning unit.
Where is this office unit located?
The property is located at 6191 W Atlantic Boulevard #1 Margate, FL.
What are key features of this property?
This property features: 750 SF office suite with open workspace and a separate private office; Corner location with large windows and natural light; Private bathroom and individual A/C unit
