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Property profile & analytics
FOR LEASE
Office buildings
3850 Coconut Crk Pkwy, Coconut Creek, FL 33066-1624
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-4255440
For Lease
1 / 22
$7,291/Mo
3850 Coconut Crk Pkwy, Coconut Creek, FL 33066-1624
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
CONCRETE
Total area
16,321 SF
Lot
1.89 ac (82,211 SF)
Zoning code
B-3
APN
48-42-32-13-0020
UPID
US18-4255440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$4.18M
Owner & transaction history
Coconut Creek Medical Plaza LLC · 14 yrs held
Coconut Creek Medical Plaza LLC
since 2012
6 recorded transactions
Zoning & alternative use
B-3 · Coconut Creek, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coconut Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coconut Creek submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,725,000
6.5%
$5,285,000
7%
$4,910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,490,000
Current use
MEDICAL BUILDING
$5,730,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$4.18M
Range $3.76M – $4.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$256 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,903
Tax year 2023
Assessed value
$2,446,320
Assessed 2023
Previous assessed
$2,329,620
+5.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$1,150,950
Assessed improvement
$1,295,370
Land market value
$1,150,950
Improvement market value
$1,295,370
Total market value
$2,446,320
Applied tax rate
3,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
16,321 SF
Lot
1.89 ac (82,211 SF)
Zoning code
B-3
APN
48-42-32-13-0020
UPID
US18-4255440
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Coconut Creek, FL
Zoning B-3 · permitted uses
B-3 · Coconut Creek, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coconut Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Coconut Creek Medical Plaza LLC
Entity
Mailing address
3850 COCONUT CRK PKWY STE #3, COCONUT CREEK, FL 33066-1600
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
Coconut Creek Medical Plaza LLC
—
Deed
related
$5,100,000 · Ac 1900 Group LLC
Mar 12, 2020
—
Coconut Crk Medical Plz LLC
—
Deed
related
$3,412,500 · Cherrywood Mtg LLC
Jun 8, 2012
$2,400,000
Coconut Creek Medical Plaza LLC
Ede Properties INC
Warranty Deed
$1,536,000 · Jpmorgan Chase Bank NA
—
—
Ede Properties INC
—
Deed Of Trust
related
$540,000 · Individual
—
—
Coconut Creek Medical Plaza Ll
—
Loan Modification
related
$1,433,097 · J P Morgan Chase Bank
—
—
Coconut Crk Medical Plz LLC
—
Deed Of Trust
related
$3,412,500 · Cherrywood Mtg LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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