Equipped Conventional
For Sale
$299,000
W Null, Coconut Creek, FL 33073
Business Opportunity, Coconut Creek, FL
Property Size1,320 SF
Price / SF$226.52
Days on Market174
Property Features for W Null
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMERCIAL
Parking
50
Subdivision
4280
Standard status
Active
Size
1,320 SF
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Flooring type
Tile
Building materials
CBS, Stucco
Listing Agency:
Keyes Company
(561) 750-1000
Listed By:
Raissa Restivo · License #3486886
(561) 676-8814
Added: Mar 30
Changed: Sep 15
Last Checked: Sep 19 at 10:06AM
MLS# B26009356
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,320-square-foot conventional restaurant in Coconut Creek includes dine-in service, catering operations, and a commercial kitchen designed for varied food preparation. Equipment includes freezers, mixers, POS systems, a blast chiller, and an empanada machine, providing an existing operational setup for restaurant and catering use.
Built in 2020, the property features CBS and stucco construction, tile flooring, central heating, and central air conditioning. Public water and public sewer serve the site, with electricity available. The property is identified with COMERCIAL zoning in Broward County.
Built in 2020, the property features CBS and stucco construction, tile flooring, central heating, and central air conditioning. Public water and public sewer serve the site, with electricity available. The property is identified with COMERCIAL zoning in Broward County.
Key Highlights
- 1,320 SF conventional restaurant in Coconut Creek
- Dine‑in and catering operations
- Commercial kitchen with freezers, mixers, POS systems, blast chiller, and empanada machine
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,411
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,220
$508.2K
Cap Rate 7%
$363,014
$363.0K
Cap Rate 9%
$282,344
$282.3K
Market Conditions
NOI Build-Up for 1,320 SF
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.
Gross rent
$36.4K $27.60/SF
− Vacancy
−$2.6K −$1.93/SF
EGI
$33.9K $25.67/SF
− OpEx
−$8.5K −$6.42/SF
NOI
$25.4K $19.25/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,220
Cap Rate 7%
$363,014
Cap Rate 9%
$282,344
Alternative Uses
Best Use
Specialty Retail
$363.0K
$317.6K – $423.5K
NOI $25,411 @ 7.0% cap · market cap 8.50%
Second Best
Industrial
$203.6K
$178.1K – $237.5K
NOI $14,250 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$669.7K
$586.0K – $781.3K
NOI $46,878 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 29%
Dining 16%
Home Improvements & Furnishings 3%
Publix
Groceries
33,129 visits/mo
0.1 miles
7-Eleven
Shops & Services
21,641 visits/mo
0.1 miles
Key Food Supermarket
Groceries
19,579 visits/mo
0.2 miles
Burger King
Dining
9,568 visits/mo
0.2 miles
Rotelli
Dining
5,895 visits/mo
0.1 miles
Demographics for 33073, FL
32,853
Population
12,708
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
4,056
Density / Sq Mi
$99,269
Median Household Income
$50,754
Median Earnings
$2,193
Median Rent
$453,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant with dine-in service, catering operations, and a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at W Null Coconut Creek, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,320 SF conventional restaurant in Coconut Creek; Dine‑in and catering operations; Commercial kitchen with freezers, mixers, POS systems, blast chiller, and empanada machine
