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 Last Checked: Sep 4 at 3:00PM

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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 SVN | Florida

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 = 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

$74,965

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

2.86%

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%

$1,499,300 $1.5M

Cap Rate 7%

$1,070,929 $1.1M

Cap Rate 9%

$832,944 $832.9K

Market Conditions

NOI Build-Up for 6,944 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

$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 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%

$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.

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

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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