Hallandale Beach Yacht Harbor
For Sale
$225,000
2200 Diana Dr 111, Hallandale Beach, FL 33009
First-floor condo with pool access and potential owner financing.
Property Size806 SF
Days on Market279
Property Features for 2200 Diana Dr 111
General Information
Standard status
Active
Size
806 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$2,151
Building Details
Building Size
806 SF
Year Built
1967
Stories
3
Listed By:
Cecilia Zaiour
(954) 579-6005
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 28
Last Checked: Sep 1 at 10:23PM
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 Cecilia Zaiour
Investment Insights
Based on property information with market context.
This first-floor unit is located in the all-ages Yacht Harbor community, offering direct access from the parking space. Owner financing is available with 30% down. Boat dockage is available. The unit features a spacious living and dining room, along with a south-facing patio that provides direct access to the pool and docks. Assigned parking is included. The community has a heated pool and low HOA fees, with no land lease. A new roof was installed in 2024. The property is located near the beach, shopping, dining, and entertainment options, and is close to I-95 and public transportation. It is suitable for end-users or as a second home. Renting is not permitted during the first two years of ownership.
Key Highlights
- Direct walk‑out access to the pool and docks from the south‑facing patio.
- Boat dockage available.
- Direct walk‑in access from assigned parking space (1st floor unit).
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
$12,396
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
5.51%
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%
$247,920
$247.9K
Cap Rate 7%
$177,086
$177.1K
Cap Rate 9%
$137,733
$137.7K
Market Conditions
NOI Build-Up for 806 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
$23.6K $29.28/SF
− Vacancy
−$1.1K −$1.32/SF
EGI
$22.5K $27.96/SF
− OpEx
−$10.1K −$12.58/SF
NOI
$12.4K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
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%
$247,920
Cap Rate 7%
$177,086
Cap Rate 9%
$137,733
Alternative Uses
Best Use
Apartment 5plus
$177.1K
$155.0K – $206.6K
NOI $12,396 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.9K
$357.8K – $477.1K
NOI $28,624 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - First-floor condo with pool access and potential owner financing.
Where is this apartment building located?
The property is located at 2200 Diana Dr 111 Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Direct walk‑out access to the pool and docks from the south‑facing patio.; Boat dockage available.; Direct walk‑in access from assigned parking space (1st floor unit).
