Medical and Office
For Sale
Contact for pricing
6991 N State Rd 7, Coconut Creek, FL 33067
For sale medical and office building positioned near major expressways in Parkland/Coconut Creek area.
Property Size11,571 SF
Price / SF$475.33
Days on Market171
Property Features for 6991 N State Rd 7
General Information
Standard status
Active
Size
11,571 SF
Property subtype
OFFICE
Listing Agency:
RCG Commercial Realty
Listed By:
Alex Rich
(954) 554-1526
Source:
Moodyscre
Added: May 11
Changed: Oct 25
Last Checked: Oct 26 at 7:18PM
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 RCG Commercial Realty
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Investment Insights
Based on property information with market context.
Offered for sale, this medical and office building is approximately 11,571 square feet and is presented as a combination medical and professional workspace. The offering includes high-end medical or office space considerations, with the property positioned for buyers evaluating both owner-occupied and investment objectives.
The property is conveniently located about 1 mile north of the Sawgrass Expressway and approximately 2 miles west of the Florida Turnpike, supporting straightforward regional access.
Located at 6991 N State Rd 7, the asset is being marketed by Rich Commercial Group as an exclusive advisory engagement for the sale of the property.
The property is conveniently located about 1 mile north of the Sawgrass Expressway and approximately 2 miles west of the Florida Turnpike, supporting straightforward regional access.
Located at 6991 N State Rd 7, the asset is being marketed by Rich Commercial Group as an exclusive advisory engagement for the sale of the property.
Key Highlights
- Medical and office building for sale in the Parkland/Coconut Creek area
- Located 1 mile north of the Sawgrass Expy.
- Located 2 miles west of the FL Turnpike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,689
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,133,780
$6.1M
Cap Rate 7%
$4,381,271
$4.4M
Cap Rate 9%
$3,407,656
$3.4M
Market Conditions
NOI Build-Up for 11,571 SF
Gross rent
$527.6K $45.60/SF
− Vacancy
−$118.7K −$10.26/SF
EGI
$408.9K $35.34/SF
− OpEx
−$102.2K −$8.84/SF
NOI
$306.7K $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%
$6,133,780
Cap Rate 7%
$4,381,271
Cap Rate 9%
$3,407,656
Alternative Uses
Best Use
Office B
$4.38M
$3.83M – $5.11M
NOI $306,689 @ 7.0% cap · market cap 5.58%
Second Best
Healthcare Medical
$2.18M
$1.91M – $2.54M
NOI $152,459 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$5.87M
$5.14M – $6.85M
NOI $410,932 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33067, FL
27,564
Population
8,994
Households
3.1
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
9.9 sq mi
ZIP Area
2,784
Density / Sq Mi
$132,385
Median Household Income
$61,744
Median Earnings
$2,128
Median Rent
$652,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Animal Surgery Center — 7677 FL-7, Parkland, FL 33073
Frequently Asked Questions
What type of property is this?
Medical Office Space - For sale medical and office building positioned near major expressways in Parkland/Coconut Creek area.
Where is this medical office space located?
The property is located at 6991 N State Rd 7 Coconut Creek, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Medical and office building for sale in the Parkland/Coconut Creek area; Located 1 mile north of the Sawgrass Expy.; Located 2 miles west of the FL Turnpike
