Building Details

Year built 1968

Roof type Shingle

Listing Agency: Related ISG Realty, LLC. i***@relatedisgrealty.com Show Phone

Listed By: Shai Ziegler · License #3524813 Show Phone

Added: Apr 5 Changed: Oct 8 Last Checked: Oct 25 at 9:06PM

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MLS# A11862448

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.

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Investment Insights

Based on property information with market context.

This freestanding restaurant contains 4,415 SF on a 40,818 SF (.93 Acre) corner lot. Built in 1968, the property includes signage and ample parking, with a shingle roof and an existing month-to-month tenant. B-1 zoning supports commercial uses and redevelopment options.

The site is positioned along Hallandale Beach Blvd with approximately 38,000 AADT. It is near I-95, US-441, and the Turnpike, providing access to several major transportation corridors. The address is 5590 W Hallandale Beach Blvd, Pembroke Park, FL 33023.

Key Highlights

• 4,415 SF freestanding restaurant on a 40,818 SF (.93 Acre) corner lot
• B‑1 zoning supports commercial uses and redevelopment options
• Existing month‑to‑month tenant provides current occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,993

Cap Rate

4.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,699,860 $1.7M

Cap Rate 7%

$1,214,186 $1.2M

Cap Rate 9%

$944,367 $944.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,415 SF

Gross rent

$121.9K $27.60/SF

− Vacancy

−$8.5K −$1.93/SF

EGI

$113.3K $25.67/SF

− OpEx

−$28.3K −$6.42/SF

NOI

$85.0K $19.25/SF

Area

Broward County, FL

Vacancy

7.00%

Lease Rate

$27.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,699,860

Cap Rate 7%

$1,214,186

Cap Rate 9%

$944,367

Alternative Uses

Best Use

Specialty Retail

$1.21M

$1.06M – $1.42M (±1% cap)

NOI $84,993 @ 7.0% cap · market cap 4.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,794 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

38,000 VPD

Traffic count

100%

Occupancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,665

Businesses Nearby

Under-served

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - B-1-zoned restaurant property with existing month-to-month occupancy, signage, parking, and proximity to major regional routes.

Where is this conventional restaurant located?

The property is located at 5590 W Hallandale Beach Blvd Pembroke Park, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 4,415 SF freestanding restaurant on a 40,818 SF (.93 Acre) corner lot; B‑1 zoning supports commercial uses and redevelopment options; Existing month‑to‑month tenant provides current occupancy