Vacant Storefront Retail
For Sale
$999,000
5738 W Hallandale Beach Blvd, West Park, FL 33023
Vacant commercial space with on-site parking and access to I-95 and US-441.
Property Size2,191 SF
Lot Size0.27 Acres
Price / SF$455.96
Days on Market47
Property Features for 5738 W Hallandale Beach Blvd
General Information
Standard status
Active
Size
2,191 SF
Total Parking Spaces
8
Lot size
0.27 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
1952
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(786) 483-0826
Source:
Mymiahomes
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 3 at 10:17AM
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 Fausto Commercial Realty Consultants Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 5738 W Hallandale Beach Blvd in West Park, this 2,191 SF retail building sits on an 11,735 SF lot. Constructed in 1952, the property is vacant and was previously occupied by a single tenant, allowing a new owner to establish a different commercial configuration or tenancy.
The building has 8 parking spaces and frontage along W Hallandale Beach Boulevard. Its position provides access to I-95 and US-441, with connectivity to Hallandale Beach, Hollywood, and Fort Lauderdale. Residential neighborhoods, retail centers, and employment hubs are also identified in the surrounding area.
The building has 8 parking spaces and frontage along W Hallandale Beach Boulevard. Its position provides access to I-95 and US-441, with connectivity to Hallandale Beach, Hollywood, and Fort Lauderdale. Residential neighborhoods, retail centers, and employment hubs are also identified in the surrounding area.
Key Highlights
- 2,191 SF retail building on an 11,735 SF lot
- Vacant property previously occupied by a single tenant
- 8 parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,048
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,960
$741.0K
Cap Rate 7%
$529,257
$529.3K
Cap Rate 9%
$411,644
$411.6K
Market Conditions
NOI Build-Up for 2,191 SF
Gross rent
$57.8K $26.40/SF
− Vacancy
−$4.9K −$2.24/SF
EGI
$52.9K $24.16/SF
− OpEx
−$15.9K −$7.25/SF
NOI
$37.0K $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 Rate 5%
$740,960
Cap Rate 7%
$529,257
Cap Rate 9%
$411,644
Alternative Uses
Best Use
Retail
$529.3K
$463.1K – $617.5K
NOI $37,048 @ 7.0% cap · market cap 3.71%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,954
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
Similar Off Market Nearby
- Discount Flowers & Gifts — 6780 Pembroke Rd, Pembroke Pines, FL 33023
- Mardys Flower Shop — 6780 Pembroke Rd, Pembroke Pines, FL 33023
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial space with on-site parking and access to I-95 and US-441.
Where is this storefront property located?
The property is located at 5738 W Hallandale Beach Blvd 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: 2,191 SF retail building on an 11,735 SF lot; Vacant property previously occupied by a single tenant; 8 parking spaces included
