First Floor Office
For Sale
Contact for pricing
10011 Pines Blvd 102, Pembroke Pines, FL 33024
Office unit with shared amenities and convenient location.
Property Size50,000 SF
Price / SF$0.01
Days on Market231
Property Features for 10011 Pines Blvd 102
General Information
Standard status
Active
Size
50,000 SF
Site & Location
Neighborhood
Walnut Creek
Building Details
Year Built
1987
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
Nelson Hernandez · License #3393150
(954) 695-7331
Source:
Thepennteam
Added: Mar 12
Changed: Oct 26
Last Checked: Oct 26 at 6:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor office unit is situated in a prime location, offering shared access to a coffee break room and a bathroom with the owner. The unit benefits from plentiful parking. Water and electricity are included. The location, just off Pines Blvd, provides excellent accessibility.
Key Highlights
- Prime location just off Pines Blvd, providing excellent accessibility.
- Rent includes water and electricity.
- Plentiful parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$982,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,656,000
$19.7M
Cap Rate 7%
$14,040,000
$14.0M
Cap Rate 9%
$10,920,000
$10.9M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$1.68M $33.60/SF
− Vacancy
−$369.6K −$7.39/SF
EGI
$1.31M $26.21/SF
− OpEx
−$327.6K −$6.55/SF
NOI
$982.8K $19.66/SF
Area
Pembroke Pines, FL
Vacancy
22.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,656,000
Cap Rate 7%
$14,040,000
Cap Rate 9%
$10,920,000
Alternative Uses
Best Use
Office B
$14.04M
$12.29M – $16.38M
NOI $982,800 @ 7.0% cap · market cap 140,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.24M
$18.58M – $24.78M
NOI $1,486,560 @ 7.0% cap · market cap 212,365.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with shared amenities and convenient location.
Where is this office unit located?
The property is located at 10011 Pines Blvd 102 Pembroke Pines, FL.
What are key features of this property?
This property features: Prime location just off Pines Blvd, providing excellent accessibility.; Rent includes water and electricity.; Plentiful parking available.
