Single-Story Flex
For Sale
$6,595,000
1063 NW 1st Ct, Hallandale Beach, FL 33009
Commercial Sale, Hallandale Beach, FL
Property Size22,140 SF
Lot Size0.83 Acres
Price / SF$297.88
Days on Market47
Property Features for 1063 NW 1st Ct
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-I
Directions
Google map
Subdivision
3080
Standard status
Active
APN
514228000077
Lot size
0.83 Acres
Taxes and HOA fees
Tax Description
28-51-42 S 145 OF N 405 OF W 250.5 OF E 500 OF S3/4 OF NW1/4 OF NW1/4 AKA: BLDG D
Tax Annual Amount
62181
Legal Description
28-51-42 S 145 OF N 405 OF W 250.5 OF E 500 OF S3/4 OF NW1/4 OF NW1/4 AKA: BLDG D
Building Details
Year built
1970
Number of units
2
Listing Agency:
Optimar International Realty
(305) 947-0477
Listed By:
Carmen Jones · License #0672843
(305) 725-1599
Added: Aug 5
Changed: Sep 2
Last Checked: Sep 20 at 12:06PM
MLS# A12064294
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property contains 22,140 square feet of single-story industrial area on approximately 0.8264 acres. The building offers 19-foot clear ceiling heights and is classified under B-1, the Business Industrial District, with permitted uses spanning industrial, distribution, manufacturing, and commercial operations.
The property is in Hallandale Beach, positioned approximately 15 miles from both Miami and Fort Lauderdale. Immediate access to I-95 places the site within an active South Florida industrial corridor. Gulfstream Park and The Big Easy Casino are identified as nearby Hallandale Beach attractions. The property is offered for sale or lease.
The property is in Hallandale Beach, positioned approximately 15 miles from both Miami and Fort Lauderdale. Immediate access to I-95 places the site within an active South Florida industrial corridor. Gulfstream Park and The Big Easy Casino are identified as nearby Hallandale Beach attractions. The property is offered for sale or lease.
Key Highlights
- 22,140 square feet of single‑story flex space
- Approximately 0.8264 acres
- 19‑foot clear ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$486,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,739,820
$9.7M
Cap Rate 7%
$6,957,014
$7.0M
Cap Rate 9%
$5,411,011
$5.4M
Market Conditions
NOI Build-Up for 22,140 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$797.0K $36.00/SF
− Vacancy
−$47.8K −$2.16/SF
EGI
$749.2K $33.84/SF
− OpEx
−$262.2K −$11.84/SF
NOI
$487.0K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,739,820
Cap Rate 7%
$6,957,014
Cap Rate 9%
$5,411,011
Alternative Uses
Best Use
Flex RnD
$6.96M
$6.09M – $8.12M
NOI $486,991 @ 7.0% cap · market cap 7.38%
Second Best
Warehouse
$4.15M
$3.63M – $4.84M
NOI $290,234 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$11.23M
$9.83M – $13.10M
NOI $786,279 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
19 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - B-1 zoning and immediate I-95 access support industrial, distribution, manufacturing, and commercial uses.
Where is this flex space located?
The property is located at 1063 NW 1st Ct Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $6,595,000.
What are key features of this property?
This property features: 22,140 square feet of single‑story flex space; Approximately 0.8264 acres; 19‑foot clear ceiling heights
