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

    640 State Rd 7th 7 Plantation, FL 33317-4047

    • Office buildings
    • 1,933 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2024
    $1,025,000
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    6.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-1057013
    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 640 State Rd 7th 7

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    1,933 SF
    Zone code
    B-HC
    Property type
    Office buildings
    APN
    50-42-07-07-0032
    APU
    504207070032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $885,000
      ML approach
      $780,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,068,000
      Market price range: $589k - $1.07M
      AI Estimate
      $669,000
      Market price range: $190k - $669k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $805,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,455,000
      Change: +80% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,000,000
      Change: +24% Conversion: Easy
      MEDICAL BUILDING
      $900,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $735,000
      Change: -9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $675,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.2012
    Latitude
    26.1131
    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
    $14,570
    $81,120
    $566,860
    $647,980
    -
    $81,120
    $566,860
    $647,980

    Comparable in this City

    • Value Estimation
      $625,000
      14,272 SF

      4161 5th St

      OFFICE BUILDING (MULTI-STORY) • 14,272 SF
      4161 5th St, Plantation, FL 33317-2101
      View Details
    • Value Estimation by Request
      1,806 SF

      7050 4th St Ste, Unit 203

      PROFESSIONAL BUILDING • 1,806 SF
      7050 4th St Ste, Plantation, FL 33317-2247
      View Details
    • Value Estimation
      $2,740,000
      11,641 SF

      451 State Rd 7th 7

      OFFICE BUILDING (MULTI-STORY) • 11,641 SF
      451 State Rd 7th 7, Plantation, FL 33317-2833
      View Details
    • Value Estimation
      $340,000
      702 SF

      4420 Peters Rd

      OFFICE BUILDING • 702 SF
      4420 Peters Rd, Plantation, FL 33317-4545
      View Details
    • Value Estimation
      $525,000
      1,523 SF

      7050 4th St Ste, Unit 102

      PROFESSIONAL BUILDING • 1,523 SF
      7050 4th St Ste, Plantation, FL 33317-2247
      View Details
    • Value Estimation
      $730,000
      4,096 SF

      734 State Rd 7th 7

      PROFESSIONAL BUILDING • 4,096 SF
      734 State Rd 7th 7, Plantation, FL 33317-2129
      View Details

    Similar Nearby for Sale

    • $5,800,000
      36,354 SF

      Plantation Office Buildings Package

      Two office buildings totaling 36,354 SF in Plantation, Florida.
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    • $1,049,000

      Renovated Office Building For Sale

      Move-in ready, renovated office building in Plantation, Florida.
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    • $5,800,000
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      Plantation Medical Office Complex

      Two buildings, 36,354 SF, prime location.
      Plantation, FL 33317
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    • $2,400,000

      Versatile B-HC Zoned Property

      Dynamic space for office and commercial operations.
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    • $1,300,000
      4,860 SF

      Plantation Office Building - $1.3M

      Prime Plantation Office, High Occupancy, Excellent Condition
      7540 5Th Mnr, Plantation, FL 33317
      View Details
    • $8,490,000
      11,000 SF

      Plantation Redevelopment Opportunity

      2.78 acres suitable for redevelopment with proposed 250 units.
      420-440 South State Road 7, Fort Lauderdale, FL 33317
      View Details

    Similar Nearby for Lease

    • $0.66 SF/Yr
      19,123 SF

      Plantation Office Space For Lease

      700 SF Office, Prime Plantation Location
      4121 5Th Mnr, Plantation, FL 33317
      View Details
    • $18 SF/Yr
      19,123 SF

      Plantation Office Building for Lease

      Prime Plantation Office Space Available
      4121 5Th Mnr, Plantation, FL 33317
      View Details
    • $27 SF/Yr

      Spacious Medical/Office Space For Rent

      Professionally designed medical/office space in the heart of Plantation.
      150 NW 70Th Ter, Plantation, FL 33317
      View Details
    • New
      $6,170 /Mo
      17,694 SF

      Plantation Medical/Professional Suite For Rent

      Versatile suite ideal for medical, educational, or community-focused services.
      330 S State Road 7, Fort Lauderdale, FL 33317
      View Details
    • $17 SF/Yr
      20,000 SF

      Plantation Medical Office Space

      Prime Medical Office Suites Available
      7340 5Th Mnr, Plantation, FL 33317
      View Details
    • $3,000 /Mo

      Renovated Office Space in Plantation

      Bright, modern, renovated office space in a prime Plantation location.
      4080 W Broward Blvd, Fort Lauderdale, FL 33317
      View Details
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    640 State Rd 7th 7
    Plantation, FL 33317-4047
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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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