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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4529 W Hillsboro Blvd Coconut Creek, FL 33073

    • Drug stores
    • 14,478 SF
    • 2.14 lot acres
    For Sale
    View listing
    $5,562,000
    Last Sale
    Feb 28, 2023
    $4,944,000
    Value Estimations
    Cap Rate Potential
    6.8%
    Drug stores
    Location Intelligence
    Property ID
    US18-1377717
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drug stores

    Property Details for 4529 W Hillsboro Blvd

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    2.14 lot acres
    Property size
    14,478 SF
    Zone code
    PCD
    Property type
    Drug stores
    APN
    48-42-05-13-0021
    APU
    484205130021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,195,000
      ML approach
      $5,240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,860,000
      6.5%
      $5,410,000
      7%
      $5,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,009,000
      Market price range: $2.90M - $6.94M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,315,000
      Current use
      COMMERCIAL (GENERAL)
      $7,625,000
      Change: +77% Conversion: Easy
      OFFICE BUILDING
      $5,820,000
      Change: +35% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coconut Creek
    County
    Broward
    State
    Florida
    Longitude
    -80.1858
    Latitude
    26.3182
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $100,308
    $2,351,410
    $2,095,030
    $4,446,440
    -
    $2,351,410
    $2,095,030
    $4,446,440

    Comparable in this City

    • Value Estimation
      $2,370,000
      11,876 SF

      4650 Hillsboro Blvd

      DRUG STORE, PHARMACY • 11,876 SF
      4650 Hillsboro Blvd, Coconut Creek, FL 33073-2007
      View Details
    • Value Estimation
      $2,735,000
      14,580 SF

      4601 State Rd 7th 7

      DRUG STORE, PHARMACY • 14,580 SF
      4601 State Rd 7th 7, Coconut Creek, FL 33073-4303
      View Details
    • Value Estimation
      $2,835,000
      14,559 SF

      7621 State Rd 7th 7

      DRUG STORE, PHARMACY • 14,559 SF
      7621 State Rd 7th 7, Parkland, FL 33073-3504
      View Details
    • Value Estimation
      $2,955,000
      15,225 SF

      6390 State Rd 7th 7

      DRUG STORE, PHARMACY • 15,225 SF
      6390 State Rd 7th 7, Coconut Creek, FL 33073-3601
      View Details
    • Value Estimation
      $4,875,000
      11,579 SF

      4550 Lyons Rd

      DRUG STORE, PHARMACY • 11,579 SF
      4550 Lyons Rd, Coconut Creek, FL 33073-3479
      View Details
    • Value Estimation
      $1,210,000
      117,287 SF

      4550 State Rd 7th 7

      GARDEN CENTER, HOME IMPROVEMENT • 117,287 SF
      4550 State Rd 7th 7, Coral Springs, FL 33073-3900
      View Details

    Similar Nearby for Sale

    • $5,562,000
      14,478 SF

      Freestanding Retail Building in Coconut Creek

      14,478 SF retail building on 2.14 acres for sale.
      4529 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $350,000

      Coconut Creek Storefront for Sale

      Prime Retail Space, Established Salon
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    • $449,000

      Pompano Beach Retail Corner Unit

      Prime showroom or office space in thriving commercial corridor.
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    • $199,000

      Coral Springs Storefront for Sale

      Profitable Pet Salon & Spa, Established Business
      21 A, Coconut Creek, FL 33073
      View Details
    • $398,000
      200,000 SF

      Retail Condo in Coral Creek

      1,200 SF retail condo with excellent visibility.
      4651 N State Rd, Coral Springs, FL 33073
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    • New
      $75,000
      900 SF

      Salon-Atelier Business Opportunity For Sale

      Salon-atelier business for sale in Coral Springs, Florida.
      Coral Springs, FL 33073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Winston Park

      2,400 SF retail space in Coconut Creek, Florida.
      5331 Lyons Rd, Coconut Creek, FL 33073
      View Details
    • Contact for pricing
      1,837 SF

      Retail Space in Coconut Creek

      Retail space available in high-traffic Coconut Creek location.
      4320-4372 N State Road 7, Coconut Creek, FL 33073
      View Details
    • Contact for pricing
      3,352 SF

      Retail Space in Coconut Creek

      Retail space available in affluent Coconut Creek trade area.
      6310-6370 N State Road 7, Coconut Creek, FL 33073
      View Details
    • $19 SF/Yr
      2,300 SF

      Coconut Creek Retail/Office Space

      2,300 SF Coconut Creek retail/office space for lease.
      5450 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • Contact for pricing
      1,950 SF

      Urban Infill Shopping Center Space

      Grocery anchored shopping center at State Road 7.
      6502-6588 N State Road 7, Coconut Creek, FL 33073
      View Details
    • Contact for pricing
      112,736 SF

      Coral Creek Shops: Retail Spaces

      Coconut Creek, FL Retail Center - 5 Spaces Available
      6500 State Road 7, Coconut Creek, FL 33073
      View Details
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    Coconut Creek, FL 33073
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    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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