New Commercial Space in
For Sale
Contact for pricing
1006 E HALLANDALE BEACH BLVD # 206, Hallandale Beach, FL 33009
Brand new commercial space ready for build out in Hallandale.
Property Size1,598 SF
Price / SF$832.29
Days on Market915
Property Features for 1006 E HALLANDALE BEACH BLVD # 206
General Information
Standard status
Active
Size
1,598 SF
Property subtype
Retail, Office
Building Details
Year Built
2024
Stories
2
Listing Agency:
Bogatov Realty
(305) 331-7922
Listed By:
Valeriy Bogatov · License #SL 3265606
Source:
Crexi
Added: Feb 28, 2024
Changed: Aug 17
Last Checked: Aug 29 at 4:51PM
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 Bogatov Realty
Investment Insights
Based on property information with market context.
Available now is a brand new commercial space, presenting an incredible opportunity to build a dream office, shop, or restaurant. Located on Hallandale Beach Blvd, within the Oasis Hallandale, a multi-block district of shops, offices, and restaurants with 95,000 square feet of frontage commercial space, this location is producing Hallandale's first mixed-use destination. The space is in shell/raw condition, ready for build out. Oasis Hallandale is a new development building two 25-floor East and West towers, each with 250 residences. The property is within convenient proximity to Hallandale Beach, Gulfstream Park, Aventura Mall, Hollywood Boardwalk, the Hard Rock Casino, and both FLL and MIA airports. The property size is 1598 square feet.
Key Highlights
- Brand new commercial space in shell/raw condition, ready for custom build‑out.
- Located in Oasis Hallandale, a new mixed‑use destination with 95,000 sq ft of commercial frontage.
- Prime location on Hallandale Beach Blvd, a major city artery.
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
$42,355
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
3.18%
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%
$847,100
$847.1K
Cap Rate 7%
$605,071
$605.1K
Cap Rate 9%
$470,611
$470.6K
Market Conditions
NOI Build-Up for 1,598 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
$72.9K $45.60/SF
− Vacancy
−$16.4K −$10.26/SF
EGI
$56.5K $35.34/SF
− OpEx
−$14.1K −$8.84/SF
NOI
$42.4K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$847,100
Cap Rate 7%
$605,071
Cap Rate 9%
$470,611
Alternative Uses
Best Use
Office B
$605.1K
$529.4K – $705.9K
NOI $42,355 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$386.0K
$337.8K – $450.4K
NOI $27,021 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$810.7K
$709.4K – $945.9K
NOI $56,751 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Brand new commercial space ready for build out in Hallandale.
Where is this retail space located?
The property is located at 1006 E HALLANDALE BEACH BLVD # 206 Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: Brand new commercial space in shell/raw condition, ready for custom build‑out.; Located in Oasis Hallandale, a new mixed‑use destination with 95,000 sq ft of commercial frontage.; Prime location on Hallandale Beach Blvd, a major city artery.
