Fully Leased Retail Shopping
For Sale
$4,300,000
Pending
4250 W Hallandale Beach Blvd, Pembroke Park, FL 33023
Commercial Sale, Pembroke Park, FL
Property Size8,917 SF
Lot Size0.93 Acres
Days on Market73
Property Features for 4250 W Hallandale Beach Blvd
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-1
Parking
37
Subdivision
3080
Standard status
Pending
APN
514230090590
Lot size
0.93 Acres
Taxes and HOA fees
Tax Description
LAKE FOREST SEC 4 RESUB POR 43-45 B LOT 9 W 10,9A W 10,10,10A,11, 11A,12,12A,13 E 55,13A E 55 BLK 50, LESS N 10 OF W 10 OF SAID LOT 9, LESS
Tax Annual Amount
36488
Legal Description
LAKE FOREST SEC 4 RESUB POR 43-45 B LOT 9 W 10,9A W 10,10,10A,11, 11A,12,12A,13 E 55,13A E 55 BLK 50, LESS N 10 OF W 10 OF SAID LOT 9, LESS
Amenities
hurricane impact windows
Building Details
Year built
2022
Listing Agency:
Florida Brokers Real Estate
(954) 640-9111
Listed By:
Marcelo Olsak · License #3058500
(954) 338-8919
Added: Jun 30
Changed: Sep 2
Last Checked: Sep 10 at 2:06PM
MLS# A11891286
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this retail shopping center contains 8,917 square feet across seven retail units on a 0.93-acre site. The property includes hurricane impact windows and 37 parking spaces. All units are leased under triple net arrangements, with current lease terms ranging from 3 to 5 years.
Located at 4250 W Hallandale Beach Blvd in Pembroke Park, the center offers a multi-tenant retail configuration with established occupancy. Tenants are responsible for utilities, interior insurance, permits, and unit build-outs, while CAM covers building insurance, exterior electric, lawn care, and management.
Located at 4250 W Hallandale Beach Blvd in Pembroke Park, the center offers a multi-tenant retail configuration with established occupancy. Tenants are responsible for utilities, interior insurance, permits, and unit build-outs, while CAM covers building insurance, exterior electric, lawn care, and management.
Key Highlights
- 100% leased retail shopping center with triple net lease structure
- Built in 2022 with 8,917 square feet of building area
- Seven retail units on a 0.93‑acre site
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
$150,779
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
3.51%
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%
$3,015,580
$3.0M
Cap Rate 7%
$2,153,986
$2.2M
Cap Rate 9%
$1,675,322
$1.7M
Market Conditions
NOI Build-Up for 8,917 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
$235.4K $26.40/SF
− Vacancy
−$20.0K −$2.24/SF
EGI
$215.4K $24.16/SF
− OpEx
−$64.6K −$7.25/SF
NOI
$150.8K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$3,015,580
Cap Rate 7%
$2,153,986
Cap Rate 9%
$1,675,322
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.51M
NOI $150,779 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.96M – $5.28M
NOI $316,678 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Seven-unit retail plaza with hurricane impact windows and on-site parking.
Where is this shopping center located?
The property is located at 4250 W Hallandale Beach Blvd Pembroke Park, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 100% leased retail shopping center with triple net lease structure; Built in 2022 with 8,917 square feet of building area; Seven retail units on a 0.93‑acre site
