Office
1961 NW 150TH Avenue #C1, Pembroke Pines, FL
For Sale
New
$475,000
The office unit is located in Pembroke Pines within a property built in 2006.
Property Size1,098 SF
Days on Market3
Property Features for 1961 NW 150TH Avenue #C1
General Information
Standard status
Size
Total Parking Spaces
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Realty of South East Florida
Listed By:
Yillian Gamboa · License #3191972
(954) 682-2923
Source:
Laerrealty
Added: Nov 4
Last Checked: Nov 6 at 5:47AM
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 1,098-square-foot office unit is at 1961 NW 150th Avenue, Unit C1, in Pembroke Pines, Florida. The property was built in 2006.
Key Highlights
- 1,098‑square‑foot office unit
- Property built in 2006
- Located at 1961 NW 150th Avenue, Unit C1, Pembroke Pines, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,582
Cap Rate
4.54%
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 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.4K
$408.1K – $544.1K
NOI $32,645 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
730
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Market
Average Price Trend$/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 office unit is located in Pembroke Pines within a property built in 2006.
Where is this office unit located?
The property is located at 1961 NW 150TH Avenue #C1 Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,098‑square‑foot office unit; Property built in 2006; Located at 1961 NW 150th Avenue, Unit C1, Pembroke Pines, Florida
