Medical Office with Exam
230 S Dixie Highway, Hallandale Beach, FL 33009
For Sale
Contact for pricing
A two-level clinical layout includes imaging and procedural areas, with a full-service gross lease structure.
Property Size7,358 SF
Price / SF$0.01
Days on Market47
Property Features for 230 S Dixie Highway
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Buildings
Stories
Listing Agency:
NG Real Estate Group LLC
(954) 708-0026
Listed By:
Eliran Halliva · License FL #3378879
(315) 706-2149
Source:
Stoicestates
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 1:23PM
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 NG Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This 7,358-square-foot medical office building in Hallandale Beach was built in 1984 and spans two floors. The first floor contains approximately 4,792 square feet, with eight exam rooms, imaging space, and procedural areas. The second floor has approximately 2,566 square feet and is used for document storage, with potential for a different interior configuration. The lease is full-service gross.
HCA Florida Aventura Hospital, a 467-bed medical center, is less than one mile away.
HCA Florida Aventura Hospital, a 467-bed medical center, is less than one mile away.
Key Highlights
- 7,358‑square‑foot medical office building across two floors
- First floor: approximately 4,792 square feet, with eight exam rooms, imaging space, and procedural areas
- Second floor: approximately 2,566 square feet; currently used for document storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,252,880
$2.3M
Cap Rate 7%
$1,609,200
$1.6M
Cap Rate 9%
$1,251,600
$1.3M
Market Conditions
NOI Build-Up for 7,358 SF
Gross rent
$198.7K $27.00/SF
− Vacancy
−$10.9K −$1.49/SF
EGI
$187.7K $25.51/SF
− OpEx
−$75.1K −$10.21/SF
NOI
$112.6K $15.31/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,252,880
Cap Rate 7%
$1,609,200
Cap Rate 9%
$1,251,600
Alternative Uses
Best Use
Office B
$3.35M
$2.93M – $3.91M
NOI $234,724 @ 7.0% cap
Second Best
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $112,644 @ 7.0% cap
Theoretical Best
Office A
$3.73M
$3.27M – $4.36M
NOI $261,312 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Under-served
Demand for This Use
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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
$248,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Broward County, FL
Properties on Market for Medical Office Space in Broward County
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A two-level clinical layout includes imaging and procedural areas, with a full-service gross lease structure.
Where is this medical office space located?
The property is located at 230 S Dixie Highway Hallandale Beach, FL.
What are key features of this property?
This property features: 7,358‑square‑foot medical office building across two floors; First floor: approximately 4,792 square feet, with eight exam rooms, imaging space, and procedural areas; Second floor: approximately 2,566 square feet; currently used for document storage
