Vacant Storefront Retail
New
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 Market2
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
(954) 743-7594
Source:
Mymiahomes
Added: Sep 19
Last Checked: Sep 19 at 3:01PM
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
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 = 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
$37,048
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
3.71%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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Market
Vacancy Rate% for Retail in South region
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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
