Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New 20-Year NNN Lease Title is generated by Realmo AI

    181 NW 180th Ave, Pembroke Pines, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    20-year NNN lease with corporate guarantee by El Car Washes.

    Type:RETAIL
    Property size:
    3,752 SF
    Lot size:
    1.00 Acre
    Added:
    Jan 28, 2025
    Days on Market:
    469
    Last Refresh:
    Apr 5 at 10:57 pm

    Property Features for 181 NW 180th Ave

    General Information

    Standard status
    Active
    Size
    3,752 SF
    Lot size
    1.00 Acre
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Glen Kunofsky

    Listing agent Glen Kunofsky

    Listing office NNN Pro Group

    Listing date Jan 28, 2025

    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 NNN Pro Group

    HighLights

    • 20‑Year Absolute Triple‑Net (NNN) Lease with No Landlord Responsibilities
    • Corporate Guarantee by El Car Washes (30+ Units)
    • Qualifies for 15‑Year Accelerated Depreciation
    • Qualifies for Bonus Depreciation

    Overview

    The property is subject to a new 20-year absolute triple-net (NNN) lease executed at closing, offering a long-term investment opportunity. The lease has no landlord responsibilities. The lease is backed by a corporate guarantee from El Car Washes, which operates over 30 units. The properties qualify for 15-year accelerated depreciation, as well as bonus depreciation. The property contains 3,752 square feet and is located at 181 NW 180th Ave, Pembroke Pines, FL.
    Location Intelligence

    Current Use by Public Records

    Car washes

    Map

    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.2794
    Latitude
    25.9906

    Nearby Similar for Sale

    • $1,000,000

      Pembroke Pines Mixed-Use Opportunity

      High-visibility mixed-use property in a thriving commercial corridor.
      7193-7195 Pembroke Rd, Pembroke Pines, FL 33023
      View Details
    • $1,499,000
      4,500 SF

      Pembroke Pines Warehouse with Offices

      4,500 SF warehouse with extensive office build-out in Pembroke Pines.
      20841 Johnson Street, Pembroke Pines, FL 33029
      View Details
    • $94,000

      Profitable Hair Salon For Sale

      Turnkey hair salon with low rent and high income.
      7991 Johnson st, Pembroke Pines, FL 33024
      View Details
    • $150,000

      Profitable Hair Salon Business Opportunity

      Luxury hair salon for sale in Pembroke Pines, Florida.
      9660 PINES BVLD, Pembroke Pines, FL 33024
      View Details
    • $480,000

      Established Dental Practice in Pembroke Pines

      Turnkey dental office with loyal patient base and growth potential.
      Pembroke Pines, FL 33026
      View Details
    • $400,000

      Operating Liquor Store in Pembroke Pines

      Liquor store for sale in high-traffic Pembroke Pines shopping center.
      17173 Pines Blvd, Pembroke Pines, FL 33027
      View Details
    • $75,000

      Restaurant Business Opportunity, Pembroke Pines

      Full buildout take out restaurant ready for new owner.
      9610 PINES BLVD, Pembroke Pines, FL 33024
      View Details
    • $3,000

      Pembroke Pines Church Opportunity

      Church facility available for ministry expansion in Pembroke Pines, FL.
      21011 johnson Street, Pembroke Pines, FL 33029
      View Details
    • $199,000

      Turn-Key Vietnamese Restaurant Opportunity

      Authentic Vietnamese restaurant in Pembroke Pines, ready for immediate operation.
      Pembroke Pines, FL 33027
      View Details
    • $1,825,000
      940 SF

      Turnkey Investment in Century Village

      15 renovated condos in premier adult community, Century Village.
      13255 SW 16th Ct, Pembroke Pines, FL 33027
      View Details
    • $109,000

      Established Cafeteria Business Opportunity

      Turn-key cafeteria business for sale in Pembroke Pines, Florida.
      1812 N University Dr, Pembroke Pines, FL 33024
      View Details
    • $160,000

      Profitable Business Inside Latin Supermarket

      Established electronics repair and service business for sale in Pembroke Pines.
      12141 Pembroke Rd, Pembroke Pines, FL 33027
      View Details

    FAQs

    What type of property is this?
    Car wash - 20-year NNN lease with corporate guarantee by El Car Washes.
    Where is this car wash located?
    The property is located at 181 NW 180th Ave Pembroke Pines, FL.
    What are key features of this property?
    This property features: 20‑Year Absolute Triple‑Net (NNN) Lease with No Landlord Responsibilities; Corporate Guarantee by El Car Washes (30+ Units); Qualifies for 15‑Year Accelerated Depreciation
    (332) 345-2408 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Glen Kunofsky
    Learn More
    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
    181 NW 180th Ave, Pembroke Pines, 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!