Building Details

Building Size 6,944 SF

Year Built 1958

Listing Agency: SVN | Florida

Listed By: Les Byron Show Phone

Source: Thebrokerlist

Added: Sep 4 Changed: Oct 8 Last Checked: Oct 20 at 5:10PM

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Investment Insights

Based on property information with market context.

The property is a manufacturing and assembly facility built in 1958 on approximately ¾ of an acre. The building is 100% air-conditioned and includes a distributed electrical system with three-phase power. The paved site provides multiple points of access, while the roofs are maintained and reported without leaks.

More than 200 feet of frontage along Dixie Highway supports property exposure and access. The facility is located one block from Hallandale Beach Boulevard and near I-95 in Hallandale Beach, Florida. RAC zoning, identified as Regional Activity Center, permits a range of commercial and industrial applications, including manufacturing, assembly, contractor operations, and self-storage.

Key Highlights

• Approximately ¾‑acre manufacturing and assembly property
• More than 200 feet of frontage along Dixie Highway
• RAC zoning permits commercial and industrial uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,965

Cap Rate

2.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,499,300 $1.5M

Cap Rate 7%

$1,070,929 $1.1M

Cap Rate 9%

$832,944 $832.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,944 SF

Gross rent

$113.3K $16.32/SF

− Vacancy

−$6.2K −$0.90/SF

EGI

$107.1K $15.42/SF

− OpEx

−$32.1K −$4.63/SF

NOI

$75.0K $10.80/SF

Area

Broward County, FL

Vacancy

5.50%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,499,300

Cap Rate 7%

$1,070,929

Cap Rate 9%

$832,944

Alternative Uses

Best Use

Industrial

$1.07M

$937.1K – $1.25M (±1% cap)

NOI $74,965 @ 7.0% cap · market cap 2.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.52M

$3.08M – $4.11M (±1% cap)

NOI $246,609 @ 7.0% cap · market cap 9.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Parking Lot & Garage Tattoo & Piercing Shop Electrical Service (Bike/Boat/Book/etc) Store Butcher Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - RAC-zoned manufacturing and assembly facility with paved grounds, multiple access points, and three-phase electrical service.

Where is this manufacturing property located?

The property is located at 101 N Dixie Hwy Hallandale Hallandale, FL.

What is the asking price?

The asking price for this property is $2,625,000.

What are key features of this property?

This property features: Approximately ¾‑acre manufacturing and assembly property; More than 200 feet of frontage along Dixie Highway; RAC zoning permits commercial and industrial uses