Corner Mixed-Use Commercial
400-408 E Hallandale Beach Blvd, Hallandale Beach, FL 33009
For Sale
New
$4,395,000
The multi-tenant property combines office, showroom, and service businesses with space available for occupancy.
Property Size7,613 SF
Price / SF$577.30
Days on Market2
Property Features for 400-408 E Hallandale Beach Blvd
General Information
Standard status
Size
Net Rentable
Property subtype
Zoning
Occupancy
Site & Location
Corner Location
Highway Access
Road Access
Mixed-Use Components
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
impact windows and doors
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Meridian Commercial
Listed By:
Julie Abolafia · License #3129097
(954) 918-4902
Source:
Elliman
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 2:39AM
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 Meridian Commercial
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Investment Insights
Based on property information with market context.
Built in 2003, this freestanding mixed-use property contains 7,613 SF, including 6,600 SF of leasable area across six units. Five units are occupied, representing approximately 81% occupancy, while 1,250 SF is available. Existing businesses span office, showroom, and service uses. The building features impact-resistant windows and doors and solid concrete construction, with Central RAC zoning.
At 400-408 E Hallandale Beach Blvd, the property occupies the corner of E Hallandale Beach Blvd and SE 4th Avenue, two blocks west of Federal Highway. The location offers access to Aventura, Hollywood, I-95, and the beaches.
At 400-408 E Hallandale Beach Blvd, the property occupies the corner of E Hallandale Beach Blvd and SE 4th Avenue, two blocks west of Federal Highway. The location offers access to Aventura, Hollywood, I-95, and the beaches.
Key Highlights
- 7,613 SF freestanding property with 6,600 SF of leasable area
- Central RAC zoning
- Six units; five occupied, with approximately 81% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,783
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,035,660
$4.0M
Cap Rate 7%
$2,882,614
$2.9M
Cap Rate 9%
$2,242,033
$2.2M
Market Conditions
NOI Build-Up for 7,613 SF
Gross rent
$347.2K $45.60/SF
− Vacancy
−$78.1K −$10.26/SF
EGI
$269.0K $35.34/SF
− OpEx
−$67.3K −$8.84/SF
NOI
$201.8K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,035,660
Cap Rate 7%
$2,882,614
Cap Rate 9%
$2,242,033
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,783 @ 7.0% cap · market cap 4.59%
Second Best
Mixed Use
$1.88M
$1.64M – $2.19M
NOI $131,324 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,368 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Office units
81%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
$248,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The multi-tenant property combines office, showroom, and service businesses with space available for occupancy.
Where is this mixed-use property located?
The property is located at 400-408 E Hallandale Beach Blvd Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: 7,613 SF freestanding property with 6,600 SF of leasable area; Central RAC zoning; Six units; five occupied, with approximately 81% occupancy
