Medical and Office
6991 N State Rd 7 Coconut Creek, FL 33067
For Sale
Contact for pricing
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 Market80
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
(954) 554-1526
Listed By:
Alex Rich
(954) 554-1526
Source:
Moodyscre
Added: May 11
Changed: Jul 28
Last Checked: Jul 28 at 4:04AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $527.6k | $45.60 |
| − Vacancy | −$118.7k | −$10.26 |
| EGI | $408.9k | $35.34 |
| − OpEx | −$102.2k | −$8.84 |
| NOI | $306.7k | $26.51 |
11,571 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
