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

    4851 Hillsboro Blvd Ste 10a Coconut Creek, FL 33073-4355

    • Office buildings
    • 1,208 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3376431
    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

    • Office buildings

    Property Details for 4851 Hillsboro Blvd Ste 10a

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    0.03 lot acres
    Property size
    1,208 SF
    Zone code
    O-2
    Property type
    Office buildings
    APN
    48-42-06-AB-0100
    APU
    484206AB0100

    Description

    This exceptional 1,407 square foot creative office space, located in Coconut Creek's prestigious Hillsboro Executive Park, presents a unique investment opportunity. Built in 2006, this single-story, Class B building boasts an open floor plan, perfect for a variety of businesses. The property includes a convenient kitchen and restroom, and offers the advantage of exterior signage for enhanced visibility. Situated at 4851 W Hillsboro Blvd, Coconut Creek, FL 33073, this property benefits from its prime location in North Broward County, offering easy access to major transportation arteries. The strategic location provides convenient access to Florida's Turnpike, SR-7, and I-95, all leading to the Sawgrass Expressway, ensuring seamless commutes for employees and clients. Neighboring cities include Parkland, Deerfield Beach, and Boca Raton, further enhancing its accessibility and appeal. The property is zoned O-2 and is being offered for sale by owner. High traffic counts on W Hillsboro Blvd (30,000) and Lyons Road (37,000) contribute to excellent visibility and potential for business growth. This is a rare opportunity to acquire a well-located, functional, and attractive office space in a thriving area. The asking price is $550,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coconut Creek
    County
    Broward
    State
    Florida
    Longitude
    -80.191
    Latitude
    26.3184
    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
    $7,305
    $30,860
    $277,700
    $308,560
    -
    $30,860
    $277,700
    $308,560

    Comparable in this City

    • Value Estimation
      $10,020,000
      33,239 SF

      5105 Johnson Rd

      OFFICE BUILDING (MULTI-STORY) • 33,239 SF
      5105 Johnson Rd, Coconut Creek, FL 33073-3640
      View Details
    • Value Estimation by Request
      1,373 SF

      4851 Hillsboro Blvd Ste A8

      OFFICE BUILDING • 1,373 SF
      4851 Hillsboro Blvd Ste A8, Coconut Creek, FL 33073-4355
      View Details
    • Value Estimation by Request
      1,642 SF

      5493 Wiles Rd Ste, Unit 103

      OFFICE BUILDING • 1,642 SF
      5493 Wiles Rd Ste, Coconut Creek, FL 33073-4219
      View Details
    • Value Estimation
      $760,000
      2,512 SF

      5497 Wiles Rd Ste, Unit 204

      OFFICE BUILDING • 2,512 SF
      5497 Wiles Rd Ste, Coconut Creek, FL 33073-4218
      View Details
    • Value Estimation by Request
      835 SF

      5489 Wiles Rd Ste, Unit 305

      OFFICE BUILDING • 835 SF
      5489 Wiles Rd Ste, Coconut Creek, FL 33073-4220
      View Details
    • Value Estimation by Request
      1,399 SF

      5485 Wiles Rd Ste, Unit 405

      OFFICE BUILDING • 1,399 SF
      5485 Wiles Rd Ste, Coconut Creek, FL 33073-4221
      View Details

    Similar Nearby for Sale

    • $3,849,000
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    • $3,849,000
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      Furnished Class A Office Building

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      Coconut Creek Office Space For Sale

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    Similar Nearby for Lease

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      Prime Coconut Creek Office Space

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    • Contact for pricing
      3,571 SF

      Renovated Commercial Space For Rent

      Newly renovated commercial space with versatile layout and ample parking.
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    • $399 /Mo

      Luxury Office Suite For Rent

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    Coconut Creek, FL 33073-4355
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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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