Unit 4 Retail
For Sale
Contact for pricing
4500 W Hallandale Beach Boulevard #2, Hollywood, FL 33023
Functional commercial space with access designed for customers and employees.
Property Size12,500 SF
Price / SF$0.28
Days on Market67
Property Features for 4500 W Hallandale Beach Boulevard #2
General Information
Standard status
Active
Size
12,500 SF
Property subtype
Retail
Building Details
Year Built
2015
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Desiree Pirela · License #3540238
(786) 872-2731
Source:
Lehmannflorida
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 20 at 9:22PM
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 Miami New Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 4 is a retail space in a commercial building constructed in 2015. The property features a functional layout intended to accommodate day-to-day commercial operations.
The space is positioned on W Hallandale Beach Blvd in Hollywood, with access for both customers and employees. The source information identifies retail, office, and service-related business uses as potential applications for the space.
The space is positioned on W Hallandale Beach Blvd in Hollywood, with access for both customers and employees. The source information identifies retail, office, and service-related business uses as potential applications for the space.
Key Highlights
- Unit 4 retail space on W Hallandale Beach Blvd
- Built in 2015
- Functional layout for commercial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,880
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,477,600
$3.5M
Cap Rate 7%
$2,484,000
$2.5M
Cap Rate 9%
$1,932,000
$1.9M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$270.0K $21.60/SF
− Vacancy
−$21.6K −$1.73/SF
EGI
$248.4K $19.87/SF
− OpEx
−$74.5K −$5.96/SF
NOI
$173.9K $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,477,600
Cap Rate 7%
$2,484,000
Cap Rate 9%
$1,932,000
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 4,968.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.89M
$4.28M – $5.71M
NOI $342,300 @ 7.0% cap · market cap 9,780.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Functional commercial space with access designed for customers and employees.
Where is this retail space located?
The property is located at 4500 W Hallandale Beach Boulevard #2 Hollywood, FL.
What are key features of this property?
This property features: Unit 4 retail space on W Hallandale Beach Blvd; Built in 2015; Functional layout for commercial operations
