Single-Story Flex
1063 NW 1st Ct, Hallandale Beach, FL 33009
For Sale
New
$6,595,000
The adaptable layout can support industrial, distribution, manufacturing, or commercial operations.
Property Size22,140 SF
Lot Size0.83 Acres
Price / SF$297.88
Days on Market5
Property Features for 1063 NW 1st Ct
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Clear Height
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Optimar International Realty
(305) 947-0477
Listed By:
Fernando Alpern · License #3167434
(305) 417-8499
Source:
Aimcapitalrealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Optimar International 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 single-story flex warehouse contains 22,140 square feet on an approximately 0.83-acre site. Its 19-foot clear height supports a range of industrial, distribution, manufacturing, and commercial operations.
The property is in Hallandale Beach, approximately 15 miles from both Miami and Fort Lauderdale, with immediate access to I-95. Gulfstream Park and The Big Easy Casino are identified as nearby area attractions.
The property is in Hallandale Beach, approximately 15 miles from both Miami and Fort Lauderdale, with immediate access to I-95. Gulfstream Park and The Big Easy Casino are identified as nearby area attractions.
Key Highlights
- 22,140‑square‑foot single‑story flex warehouse
- Approximately 0.83 acres
- 19‑foot clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$486,991
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$248,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Simplecater — 500 S Federal Hwy #89, Hallandale Beach, FL 33009
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- The Chef & The Chief — 126 N Federal Hwy, Hallandale Beach, FL 33009
- Firehouse Subs Hallandale Beach — 701 E Hallandale Beach Blvd, Hallandale Beach, FL 33009
- Executive Private Catering — 801 NE 10th St, Hallandale Beach, FL 33009
Frequently Asked Questions
What type of property is this?
Flex space - The adaptable layout can support industrial, distribution, manufacturing, or commercial operations.
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‑foot single‑story flex warehouse; Approximately 0.83 acres; 19‑foot clear ceiling height
