Plantation Retail Shopping Plaza
For Sale
Contact for pricing
Pending
1806-1856 N Pine Island, Plantation, FL 33322
Retail shopping plaza in Plantation, Florida, for sale.
Property Size13,622 SF
Days on Market563
Property Features for 1806-1856 N Pine Island
General Information
Standard status
Pending
Size
13,622 SF
Class
B
Total Parking Spaces
45
Property subtype
Retail, Industrial
Occupancy
98%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1981
Stories
1
Tenancy
Multi
Listing Agency:
CMV Realty LLC
Listed By:
Gus Martinez PA · License #3033300
Source:
Crexi
Added: Feb 5, 2025
Changed: Aug 8
Last Checked: Jul 25 at 5:15AM
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 CMV Realty LLC
Investment Insights
Based on property information with market context.
This retail shopping plaza is located in Plantation, Florida. The property, situated in a high-traffic area, benefits from excellent visibility and easy access to major roadways. The plaza is surrounded by a diverse and growing community. The property size is 13622 square feet.
Key Highlights
- High‑traffic location in Plantation, Florida.
- Significant upside potential for investors.
- Well‑positioned retail shopping plaza.
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
$230,337
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
6.42%
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%
$4,606,740
$4.6M
Cap Rate 7%
$3,290,529
$3.3M
Cap Rate 9%
$2,559,300
$2.6M
Market Conditions
NOI Build-Up for 13,622 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
$359.6K $26.40/SF
− Vacancy
−$30.6K −$2.24/SF
EGI
$329.1K $24.16/SF
− OpEx
−$98.7K −$7.25/SF
NOI
$230.3K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /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%
$4,606,740
Cap Rate 7%
$3,290,529
Cap Rate 9%
$2,559,300
Alternative Uses
Best Use
Retail
$3.29M
$2.88M – $3.84M
NOI $230,337 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.91M
$6.05M – $8.06M
NOI $483,771 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
150k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Apparel 24%
Dining 22%
Groceries 22%
Walmart Neighborhood Market
Groceries
32,267 visits/mo
0.1 miles
Ross Dress for Less
Apparel
27,986 visits/mo
0.4 miles
Dollar Tree
Shops & Services
22,809 visits/mo
0.4 miles
Five Below
Shops & Services
14,549 visits/mo
0.4 miles
Starbucks
Dining
12,853 visits/mo
0.0 miles
Demographics for 33322, FL
41,050
Population
21,024
Households
2
Avg Household Size
52
Median Age
33%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
7,464
Density / Sq Mi
$69,037
Median Household Income
$40,765
Median Earnings
$2,095
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Broadway Mall — W Sunrise Blvd, Plantation, FL 33322
- Sawgrass Mills — 1701 N University Dr, Plantation, FL 33322
- Jacaranda Plaza — Plantation, FL 33322
- Plantation Square Plaza — 1834 N University Dr, Fort Lauderdale, FL 33322
- Jacaranda Square — 1801 N Pine Island Rd, Plantation, FL 33322
Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping plaza in Plantation, Florida, for sale.
Where is this shopping center located?
The property is located at 1806-1856 N Pine Island Plantation, FL.
What is the asking price?
The asking price for this property is $3,590,000.
What are key features of this property?
This property features: High‑traffic location in Plantation, Florida.; Significant upside potential for investors.; Well‑positioned retail shopping plaza.
