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    2960 State Rd Margate, FL 33063

    For Lease
    $22 SF/Yr

    Prime Medical Office Space in Margate, FL

    Lot size:
    45,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional three-story medical office building, totaling 45,565 square feet, is situated on a 3.99-acre lot in the thriving city of Margate, Florida, within Broward County. Built in 2004, the property boasts a single building with 170 parking spaces and convenient elevator access. The building offers multiple tenancy options, with suites ranging from 698 square feet to 15,600 square feet, currently featuring six available spaces. Its strategic location at 2960 N State Rd 7, zip code 33063, provides excellent visibility and accessibility. The property offers a unique opportunity for a full-floor single-tenant user, providing significant branding potential with available monument and building signage. This prime location is further enhanced by its adjacency to the main hospital entrance, ensuring high foot traffic and convenient access for patients and staff. Highly competitive lease rates and tenant improvement allowances are available, making this an attractive investment opportunity for medical professionals seeking a well-appointed and strategically located space. The property's modern design and ample parking cater to the needs of a diverse medical practice. This is a rare opportunity to secure a prominent medical office space in a high-demand area.

    Property Features for 2960 State Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,565 SF
    Total Rate
    83535.83

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 101
    Size
    3,294 SF
    Rate per SF
    $22
    Space
    Suite 102
    Size
    3,780 SF
    Rate per SF
    $22
    Space
    Suite 300
    Size
    15,600 SF
    Rate per SF
    $22
    Space
    Suite 104
    Size
    4,133 SF
    Rate per SF
    $22
    Space
    Suite 202
    Size
    698 SF
    Rate per SF
    $22
    Space
    Suite 206
    Size
    5,307 SF
    Rate per SF
    $22

    HighLights

    • High‑visibility location, one mile south of Sample Road, on the east side of State Road 7 (US 441).
    • Across the street from HCA Florida Northwest Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2005981
    Latitude
    26.2639842

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space in Margate, FL
    Where is this medical office located?
    The property is located at 2960 State Rd Margate, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location, one mile south of Sample Road, on the east side of State Road 7 (US 441).; Across the street from HCA Florida Northwest Hospital.;
    Request Owner's contact information
    2960 State Rd Margate, FL 33063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2960 State Rd Margate, FL 33063
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