Freestanding Restaurant on Corner
For Sale
$1,750,000
Pending
5590 W Hallandale Beach Blvd, Pembroke Park, FL 33023
Commercial Sale, Pembroke Park, FL
Property Size4,415 SF
Lot Size0.93 Acres
Days on Market159
Property Features for 5590 W Hallandale Beach Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-1
Parking
50
Subdivision
3080
Standard status
Pending
APN
514230140031
Lot size
0.93 Acres
Taxes and HOA fees
Tax Description
30-51-42 S 150 OF N 186.31 OF E 150 OF W 175 OF SW1/4 OF NW1/4 AKA: LOT 28 N 186.31 OF W 165 LESS N 36.31 FOR ST RD 824 & W 10 HRF
Tax Annual Amount
23188
Legal Description
30-51-42 S 150 OF N 186.31 OF E 150 OF W 175 OF SW1/4 OF NW1/4 AKA: LOT 28 N 186.31 OF W 165 LESS N 36.31 FOR ST RD 824 & W 10 HRF
Building Details
Year built
1968
Roof type
Shingle
Listing Agency:
Related ISG Realty, LLC.
(305) 932-6365
Listed By:
Shai Ziegler · License #3524813
(917) 415-8227
Added: Apr 5
Changed: Sep 2
Last Checked: Sep 10 at 6:06AM
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.
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.
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 = 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
$84,993
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
4.86%
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%
$1,699,860
$1.7M
Cap Rate 7%
$1,214,186
$1.2M
Cap Rate 9%
$944,367
$944.4K
Market Conditions
NOI Build-Up for 4,415 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
$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 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%
$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
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
NOI $156,794 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
