Freestanding Retail and Office
For Sale
$999,000
5738 Hallandale Beach Boulevard, West Park, FL 33023
A flexible, open-layout building with a private entrance and ample parking for retail, office, or professional tenants.
Property Size2,191 SF
Price / SF$455.96
Days on Market266
Property Features for 5738 Hallandale Beach Boulevard
General Information
Standard status
Active
Size
2,191 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,125
Amenities
3
7 Parking Spaces.
Building Details
Year Built
1952
Listing Agency:
G & E Realty Group, Inc
(954) 682-5599
Listed By:
Itshak Mor-Yossef · License #3026619
(954) 682-5599
Source:
Xome
Added: Dec 4, 2025
Changed: Aug 25
Last Checked: Aug 26 at 7:10AM
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 G & E Realty Group, Inc
Investment Insights
Based on property information with market context.
This free-standing commercial building is configured with a flexible open layout, designed to support a variety of retail, office, or professional uses. The space includes a private entrance and is laid out to allow tenants to adapt the interior to their operating needs. Ample parking supports convenient customer and employee access.
The property is positioned for visibility and accessibility, with convenient access to major roads and surrounding high-traffic areas. It is located at 5738 W Hallandale Beach Blvd in West Park, Florida.
For tenants or buyers seeking a standalone site with straightforward access and parking, this building offers a practical platform for an operator looking for an adaptable interior. The combination of a private entrance, open layout, and visibility-oriented positioning can support both walk-in customer traffic and day-to-day business operations.
The property is positioned for visibility and accessibility, with convenient access to major roads and surrounding high-traffic areas. It is located at 5738 W Hallandale Beach Blvd in West Park, Florida.
For tenants or buyers seeking a standalone site with straightforward access and parking, this building offers a practical platform for an operator looking for an adaptable interior. The combination of a private entrance, open layout, and visibility-oriented positioning can support both walk-in customer traffic and day-to-day business operations.
Key Highlights
- Free‑standing building built in 1952 with an open layout and flexible space for retail, office, or professional use
- Private entrance plus ample parking for tenant and customer access
- Building designed for accessibility and visibility, located near major roads and high‑traffic areas
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
$58,072
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
5.81%
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%
$1,161,440
$1.2M
Cap Rate 7%
$829,600
$829.6K
Cap Rate 9%
$645,244
$645.2K
Market Conditions
NOI Build-Up for 2,191 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
$99.9K $45.60/SF
− Vacancy
−$22.5K −$10.26/SF
EGI
$77.4K $35.34/SF
− OpEx
−$19.4K −$8.84/SF
NOI
$58.1K $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 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%
$1,161,440
Cap Rate 7%
$829,600
Cap Rate 9%
$645,244
Alternative Uses
Best Use
Office B
$829.6K
$725.9K – $967.9K
NOI $58,072 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$972.6K – $1.30M
NOI $77,811 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,954
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A flexible, open-layout building with a private entrance and ample parking for retail, office, or professional tenants.
Where is this office building located?
The property is located at 5738 Hallandale Beach Boulevard West Park, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Free‑standing building built in 1952 with an open layout and flexible space for retail, office, or professional use; Private entrance plus ample parking for tenant and customer access; Building designed for accessibility and visibility, located near major roads and high‑traffic areas
