Plantation Retail Shopping Plaza
For Sale
$3,590,000
1806-1856 N Pine Island, Plantation, FL 33322
Retail shopping plaza in Plantation, Florida, for sale.
Property Size13,622 SF
Price / SF$263.54
Days on Market200
Property Features for 1806-1856 N Pine Island
General Information
Standard status
Active
Size
13,622 SF
Building Details
Year Built
2000
Listing Agency:
CMV Realty LLC
Listed By:
Gus Martinez · License #B26056408
(954) 394-7078
Source:
Thepennteam
Added: Mar 27
Changed: Oct 8
Last Checked: Oct 7 at 2:55PM
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 / Yr
$230,337
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sawgrass Mills — 1701 N University Dr, Plantation, FL 33322
- Jacaranda Square — 1801 N Pine Island Rd, Plantation, FL 33322
- Broadway Mall — W Sunrise Blvd, Plantation, FL 33322
- Jacaranda Plaza — Plantation, FL 33322
- Plantation Square Plaza — 1834 N University Dr, Fort Lauderdale, 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.
