Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Park Industrial Property Title is generated by Realmo AI

    5705 Hallandale Beach Blvd, West Park, FL

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial, industrial, mixed-use property available in West Park, Florida.

    Type:INDUSTRIAL
    Property size:
    3,043 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $607/SF
    Added:
    Jun 23, 2023
    Days on Market:
    1075
    Last Refresh:
    May 20 at 9:52 pm

    Property Features for 5705 Hallandale Beach Blvd

    General Information

    Standard status
    Active
    Size
    3,043 SF
    Lot size
    0.26 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Samuel Fugina
    Samuel Fugina

    Listing agent Samuel Fugina License #3332259

    Listing office Marlin Realty Inc

    Listing date Jun 23, 2023

    Source Moodyscre

    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 Marlin Realty Inc

    HighLights

    • Commercial, industrial, and mixed‑use zoning offers diverse possibilities.
    • Property available for sale, seize this opportunity.
    • Additional property details available upon request.

    Overview

    This property in West Park, Florida, offers 3,043 square feet of space suitable for commercial, industrial, or mixed-use purposes. It is currently available for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1989
    Latitude
    25.9845

    Nearby Similar for Sale

    • $2,375,000
      6,000 SF

      Renovated Warehouse with Six Bays

      Freestanding warehouse with six bays, office space, and parking.
      5960 SW 23rd St, West Park, FL 33023
      View Details
    • $1,395,000
      2,886 SF

      West Park Industrial Corner Property

      M-1 zoned property with redevelopment potential in central business district.
      2110 SW 58th Ave, West Park, FL 33023
      View Details
    • $350,000
      1,127 SF

      West Park Mixed-Use Building

      Versatile building in West Park, ideal for retail or mixed-use.
      4167 SW 18th St, West Park, FL 33023
      View Details
    • $999,000

      West Park Commercial Building For Sale

      Free-standing building ideal for retail, office, or professional use.
      5738 W Hallandale Beach Boulevard, West Park, FL 33023
      View Details
    • $1,160,000

      West Park Multifamily Investment Opportunity

      Fully occupied five-unit building with strong rental income potential.
      4141 SW 20th St, West Park, FL 33023
      View Details
    • $135,000

      Profitable Mechanic Shop For Sale

      Profitable mechanic shop with steady clientele in West Park, FL.
      Profitable Mechanic Shop For Sale In West Park / Hollywood, West Park, FL 33023
      View Details
    • $900,000
      1,470 SF

      West Park Retail Center Opportunity

      Retail center with value-add potential in West Park.
      5720 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • $1,200,000
      2,000 SF

      Corner Retail Building on Hallandale

      Free-standing retail building on a large lot in West Park.
      5730 Hallandale Beach Blvd, West Park, FL
      View Details
    • $3,800

      Hallandale Beach Free Standing Building

      Free standing building near 441 with new roof.
      5911 W Hallandale Beach Blvd, WEST PARK, FL, 33023-5245
      View Details
    • $600,000
      1,000 SF

      West Park Mechanic Shop

      Turn-key mechanic shop with 5 lifts and ample parking.
      2316 SW 57th Ave, West Park, FL
      View Details
    • $899,000

      Remodeled Commercial/Office Space Available

      Remodeled commercial/office space near Pembroke Rd/Hollywood area.
      5232 Pembroke Rd, West Park, FL 33021
      View Details

    FAQs

    What type of property is this?
    Industrial property - Commercial, industrial, mixed-use property available in West Park, Florida.
    Where is this industrial property located?
    The property is located at 5705 Hallandale Beach Blvd West Park, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Commercial, industrial, and mixed‑use zoning offers diverse possibilities.; Property available for sale, seize this opportunity.; Additional property details available upon request.
    (954) 735-7791 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Samuel Fugina
    Samuel Fugina
    Real Estate License ID: 3332259
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5705 Hallandale Beach Blvd, West Park, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!