4651 State Road 7Coral Springs, FL 33067

Property Details for 4651 State Road 7

Year built

2007

Construction

CONCRETE

Lot size

0.04 AC

Property size (Sq ft)

1,209 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Community centers

APN

48-41-12-AA-0100

APU

484112AA0100

Description

This exceptional value-add retail investment opportunity presents a 1,725 square foot property located at 4651 N State Road 7 in Coral Springs, Florida, zip code 33067. The property, built in 2007, sits on a single building and comprises a single unit with 14 individual spaces, currently operating at 100% occupancy. The tenant, a franchisee, has enjoyed a long-term presence exceeding 10 years and demonstrates a commitment to the location, expressing a willingness to continue their lease. This presents a unique opportunity for an investor seeking a stable, high-performing asset. The property benefits from a highly visible location at a major intersection on State Road 7 (441) and Wiles Road, surrounded by significant retail anchors including Home Depot, Target, and Chick-fil-A, ensuring high foot traffic and brand recognition. The asking price is $875,000. The lease is a modified agreement, and the permitted zoning is GC. A compelling aspect of this offering is the potential for absentee ownership

• CAP approach

  CAP return

  Valuation

  6%

  $425,518

  6.5%

  $392,786

  7%

  $364,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $588,649

  Geo Method

  $588,649

• Alternative Use

  Use

  Valuation

  Residential

  $331,330

  Hospitality

  $303,496

  Educational

  $252,505

  Medical

  $261,189

  Retail

  $392,786

Location Insight

City

Coconut Creek

County

Broward

State

Florida

Latitude

26.2888

Longitude

-80.2033

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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