Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2020 NW 150 Ave, Unit 304 Pembroke Pines, FL 33028

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr

    4,800 square feet office space available for lease.

    We can help!

    Listing Contact
    Gus Martinez
    Gus Martinez
    Source: Elliman

    Listing Agent: Gus Martinez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space For Lease

    This office space, available for lease, offers 4,800 square feet with entry on the third floor overlooking I-75. The NNN lease is offered at $21.00 per square foot, with operating expenses at $11.85. Suite 304 provides 5176 RSF.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.3122
    Latitude
    26.0154

    Nearby Similar for Lease

    • $28 SF/Yr

      Pembroke Pines Office Space Available

      Versatile 1,670 SF office space suitable for various businesses.
      701 Promenade Dr, Pembroke Pines, FL 33026
      View Details
    • $28 SF/Yr
      Pending

      Office Space in Pembroke Pines

      583 sq ft office space for rent in Pembroke Pines.
      701 Promenade Dr, Pembroke Pines, FL 33026
      View Details
    • $8,600 /Mo

      Renovated, Furnished Office Space Available

      Turn-key office space with flexible lease terms in Pembroke Pines.
      1806 N Flamingo Rd, Pembroke Pines, FL 33028
      View Details
    • $3,499 /Mo

      Waterfront Office Space Available

      Ground floor waterfront office space with high-end finishes.
      18501 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • $1,200 /Mo
      261,360 SF

      Professional Office Space Available

      Clean, private office space with included amenities in Pembroke Pines.
      18503 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • $14 SF/Yr
      13,286 SF

      Professional/Medical Office Space Available

      Class B+ office building near Memorial West Hospital.
      3 SW 129 Ave, Pembroke Pines, FL
      View Details
    • $33 SF/Yr
      1,300 SF

      Retail Space on Pines Boulevard

      Retail space available in high-traffic Pembroke Pines shopping center.
      8024-8384 Pne Blvd, Pembroke Pines, FL
      View Details
    • $15 SF/Yr
      53,418 SF

      Pembroke Pines Medical Office Space

      Class B Medical Office Building, 2 Suites Available
      3 129 Ave, Pembroke Pines, FL 33027
      View Details
    • $14 SF/Yr

      Renovated Office Space Available

      Subdividable office space with recent renovations and ample parking.
      3 SW 129 Ave, Pembroke Pines, FL 33027
      View Details
    • $492 /Mo
      26,050 SF

      Pembroke Pines Office Space for Lease

      Prime Office Suites, Flexible Options, Great Location
      9000 Sheridan St, Pembroke Pines, FL 33024
      View Details
    • Contact for pricing
      45,000 SF

      Renovated Retail and Professional Center

      Renovated center with retail and professional office spaces available.
      1700 NW 122 Ter, Pembroke Pines, FL
      View Details
    • $33 SF/Yr
      5,350 SF

      Class A Office Building Space

      Class A office buildings with modern amenities and high visibility.
      1200 Southwest 145 Ave, Pembroke Pines, FL
      View Details

    FAQs

    What type of property is this?
    Office space - 4,800 square feet office space available for lease.
    Where is this office space located?
    The property is located at 2020 NW 150 Ave, Unit 304 Pembroke Pines, FL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - NNN Lease Structure; - 4,800 sq ft Max Contiguous Office Space; - Suite 304 Available: **5,176 RSF**
    (954) 394-7078
    Request Owner's contact information
    2020 NW 150 Ave, Unit 304 Pembroke Pines, FL 33028
    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.
    2020 NW 150 Ave, Unit 304
    Pembroke Pines, FL 33028
    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
    2020 NW 150 Ave, Unit 304 Pembroke Pines, FL 33028
    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

    We can help!
    Listing Contact
    Gus Martinez
    Gus Martinez
    Real Estate License ID: 3033300
    (954) 394-7078
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.