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

    7700 56th Way Coconut Creek, FL 33073

    • Day care centers
    • 3,938 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Sep 05, 2023
    $900,000
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1078947
    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

    • Day care centers

    Property Details for 7700 56th Way

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    3,938 SF
    Zone code
    B-2
    Property type
    Day care centers
    APN
    47-42-31-02-0100
    APU
    474231020100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $945,000
      ML approach
      $960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $994,000
      Market price range: $855k - $1.71M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $1,235,000
      Current use
      MEDICAL BUILDING
      $1,380,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $1,175,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Coconut Creek
    County
    Broward
    State
    Florida
    Longitude
    -80.2019
    Latitude
    26.3265
    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
    $12,057
    $73,260
    $516,330
    $589,590
    -
    $73,260
    $516,330
    $589,590

    Comparable in this City

    • Value Estimation
      $530,000
      8,189 SF

      5520 Alexandria Blvd

      DAY CARE, PRE-SCHOOL • 8,189 SF
      5520 Alexandria Blvd, Coconut Creek, FL 33073-3339
      View Details
    • Value Estimation
      $655,000
      17,229 SF

      5601 Regency Lks Blvd

      DAY CARE, PRE-SCHOOL • 17,229 SF
      5601 Regency Lks Blvd, Coconut Creek, FL 33073-4523
      View Details
    • Value Estimation
      $475,000
      7,170 SF

      5619 Regency Lks Blvd

      VETERINARY, ANIMAL HOSPITAL • 7,170 SF
      5619 Regency Lks Blvd, Coconut Creek, FL 33073-4523
      View Details
    • Value Estimation by Request

      5651 77Th St

      Specialty properties
      5651 77Th St, Pompano Beach, FL 33073
      View Details
    • Value Estimation
      $445,000
      8,215 SF

      3870 Powerline Rd

      KENNEL • 8,215 SF
      3870 Powerline Rd, Pompano Beach, FL 33073-3001
      View Details
    • Value Estimation
      $2,350,000
      5,526 SF

      4551 39th Ave

      CHARITABLE ORGANIZATION • 5,526 SF
      4551 39th Ave, Coconut Creek, FL 33073-3438
      View Details

    Similar Nearby for Sale

    • $930,000

      5651 NW 77

      Specialty properties
      5651 77Th Ave, Pompano Beach, FL 33073
      View Details
    • $350,000

      Coconut Creek Storefront for Sale

      Prime Retail Space, Established Salon
      4800 Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $3,849,000
      9,866 SF

      9,866 SF Office Building For Sale

      9,866 SF Office Building For Sale
      6115 Lyons Road, Coconut Creek, FL 33073
      View Details
    • $600,000

      Coconut Creek Executive Suite Complex

      Professional office space with excellent exposure in Coconut Creek, FL.
      4851 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $449,000

      Pompano Beach Retail Corner Unit

      Prime showroom or office space in thriving commercial corridor.
      2400 NW 36Th St, Pompano Beach, FL 33073
      View Details
    • $399,999
      1,327 SF

      Boulevard Professional Center

      Coconut Creek Office Building - $399,999
      5300 Hillsboro Blvd, Coconut Creek, FL 33073
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hillsboro Blvd Executive Suite B12

      Prime Coconut Creek Office Suite
      4855 Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $0.72 SF/Yr
      69,909 SF

      Coconut Creek Office Space For Lease

      Prime Office, 69,909 SF, High Visibility
      4400 Sample Rd, Coconut Creek, FL 33073
      View Details
    • $7 SF/Yr
      69,909 SF

      Coconut Creek Office Space For Lease

      69,909 SF Office, Prime Location
      4400 Sample Rd, Coconut Creek, FL 33073
      View Details
    • Contact for pricing
      49,042 SF

      Renovated Flex Space in Coconut Creek

      Modern, versatile flex space with highway access and ample parking.
      4801 Johnson Rd, Coconut Creek, FL 33073
      View Details
    • $14 SF/Yr
      14,800 SF

      Coconut Creek Flex Space - 14,800 SF

      Versatile industrial space; sublease opportunity.
      6601 Lyons Rd, Coconut Creek, FL 33073
      View Details
    • $22 SF/Yr
      2,000 SF

      Sample Commons Warehouse - Pompano Beach

      Prime Pompano Beach warehouse, fully built-out.
      2450 36Th Ave, Coconut Creek, FL 33073
      View Details
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    7700 56th Way
    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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