Expandable Mixed-Use
6301 W Atlantic Boulevard #1, Margate, FL 33063
For Sale
Contact for pricing
A 1,409-square-foot space can be leased or acquired on its own, with an adjoining 6,624 square feet available for expansion.
Property Size8,033 SF
Price / SF$0.44
Days on Market38
Property Features for 6301 W Atlantic Boulevard #1
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Heart Property Mngt & Rlty Inc
Listed By:
David Healey · License #0490778
(954) 610-7203
Source:
Wycliffecommunityrealty
Added: Oct 1
Changed: Nov 6
Last Checked: Nov 6 at 6:17PM
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 Heart Property Mngt & Rlty Inc
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Investment Insights
Based on property information with market context.
This mixed-use property offers 1,409 square feet of retail and office space, with the option to add another 6,624 square feet. The smaller space can function independently or be combined with the additional area, creating a larger configuration. The property was built in 1987 and is located at 6301 W Atlantic Boulevard in Margate, Florida.
Key Highlights
- 1,409 square feet of retail and office space
- Option to add 6,624 square feet to the available space
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,832
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,640
$2.7M
Cap Rate 7%
$1,940,457
$1.9M
Cap Rate 9%
$1,509,244
$1.5M
Market Conditions
NOI Build-Up for 8,033 SF
Gross rent
$212.1K $26.40/SF
− Vacancy
−$18.0K −$2.24/SF
EGI
$194.0K $24.16/SF
− OpEx
−$58.2K −$7.25/SF
NOI
$135.8K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,640
Cap Rate 7%
$1,940,457
Cap Rate 9%
$1,509,244
Alternative Uses
Best Use
Mixed Use
$1.98M
$1.73M – $2.31M
NOI $138,569 @ 7.0% cap · market cap 3,931.04%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,832 @ 7.0% cap · market cap 3,853.39%
Theoretical Best
Office A
$4.08M
$3.57M – $4.75M
NOI $285,284 @ 7.0% cap · market cap 8,093.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
$270,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1,409-square-foot space can be leased or acquired on its own, with an adjoining 6,624 square feet available for expansion.
Where is this mixed-use property located?
The property is located at 6301 W Atlantic Boulevard #1 Margate, FL.
What are key features of this property?
This property features: 1,409 square feet of retail and office space; Option to add 6,624 square feet to the available space; Built in 1987
