Hallandale Beach Retail
633 Pembroke Rd Hallandale Beach, FL 33009
For Sale
Contact for pricing
Single tenant net lease property on a prominent thoroughfare.
Property Size8,254 SF
Price / SF$433.24
Days on Market819
Property Features for 633 Pembroke Rd
General Information
Standard status
Active
Size
8,254 SF
Property subtype
Retail
Building Details
Year Built
2015
Listing Agency:
Apex Capital Realty
(305) 570-2600
Listed By:
Miguel Pinto · License #3313310
Source:
Crexi
Added: Apr 30, 2024
Changed: Jul 6
Last Checked: Jul 26 at 11:47AM
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 Apex Capital Realty
Investment Insights
Based on property information with market context.
An exclusive opportunity to acquire a single tenant net lease property encompassing an entire city block along a prominent thoroughfare East of I-95 in Hallandale Beach, FL. The property is positioned in Hallandale Beach, a burgeoning sub-market nestled between Aventura and Hollywood. The property size is 8254 square feet.
Key Highlights
- Single tenant net lease (STNL) property.
- Encompasses an entire city block.
- Located along a prominent thoroughfare.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.9k | $26.40 |
| − Vacancy | −$18.5k | −$2.24 |
| EGI | $199.4k | $24.16 |
| − OpEx | −$59.8k | −$7.25 |
| NOI | $139.6k | $16.91 |
8,254 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.33M
NOI $139,569 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.66M – $4.89M
NOI $293,132 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Single tenant net lease property on a prominent thoroughfare.
Where is this retail space located?
The property is located at 633 Pembroke Rd Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $3,575,999.
What are key features of this property?
This property features: Single tenant net lease (STNL) property.; Encompasses an entire city block.; Located along a prominent thoroughfare.
