Office Unit with Executive
1961 NW 150th Avenue, Pembroke Pines, FL 33028
For Sale
New
Contact for pricing
The layout includes a dedicated reception area, conference room, and breakroom.
Property Size1,098 SF
Price / SF$3.19
Days on Market4
Property Features for 1961 NW 150th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Realty of South East Florida
(954) 499-5710
Listed By:
Yillian Gamboa · License #3191972
(954) 682-2923
Source:
Lehmannflorida
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 10:17AM
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 Realty of South East Florida
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Investment Insights
Based on property information with market context.
This office unit offers a reception area, a conference room, a breakroom, and three executive offices. The property was built in 2006.
Key Highlights
- Three executive offices
- Reception area, conference room, and breakroom
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,582
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,640
$431.6K
Cap Rate 7%
$308,314
$308.3K
Cap Rate 9%
$239,800
$239.8K
Market Conditions
NOI Build-Up for 1,098 SF
Gross rent
$36.9K $33.60/SF
− Vacancy
−$8.1K −$7.39/SF
EGI
$28.8K $26.21/SF
− OpEx
−$7.2K −$6.55/SF
NOI
$21.6K $19.66/SF
Area
Pembroke Pines, FL
Vacancy
22.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,640
Cap Rate 7%
$308,314
Cap Rate 9%
$239,800
Alternative Uses
Best Use
Office B
$308.3K
$269.8K – $359.7K
NOI $21,582 @ 7.0% cap · market cap 616.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.4K
$408.1K – $544.1K
NOI $32,645 @ 7.0% cap · market cap 932.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Explore this area
Business Placement
Demographics for 33028, FL
28,140
Population
9,297
Households
3
Avg Household Size
40
Median Age
57%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
4,937
Density / Sq Mi
$111,553
Median Household Income
$52,225
Median Earnings
$2,417
Median Rent
$521,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in Pembroke Pines, FL
Properties on Market for Office Units in Pembroke Pines
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes a dedicated reception area, conference room, and breakroom.
Where is this office unit located?
The property is located at 1961 NW 150th Avenue Pembroke Pines, FL.
What are key features of this property?
This property features: Three executive offices; Reception area, conference room, and breakroom; Built in 2006
