Freestanding Storefront
For Sale
$999,000
5738 W Hallandale Beach Boulevard, West Park, FL 33023
COMMERCIAL - West Park, FL
Property Size2,191 SF
Lot Size0.27 Acres
Price / SF$455.96
Days on Market239
Property Features for 5738 W Hallandale Beach Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Parking
7
Fencing
Fenced
Subdivision
3080
Standard status
Active
APN
514125060390
Size
2,191 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MIAMI GARDENS ESTATES SEC 3 FIRST ADD 27-8 B LOT 3 BLK 22
Tax Annual Amount
8125
Legal Description
MIAMI GARDENS ESTATES SEC 3 FIRST ADD 27-8 B LOT 3 BLK 22
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private entrance
ample parking
Building Details
Year built
1952
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Block, CBS
Listing Agency:
G & E Realty Group, Inc
(754) 223-4216
Listed By:
Itshak M Mor-Yossef · License #3026619
(954) 682-5599
Added: Dec 16, 2025
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
MLS# F10541437
Copyright © 2026 BeachesMLS. 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 commercial building contains 2,191 square feet on a 0.27-acre parcel. The interior offers an open configuration with a private entrance and tile flooring, while central heating and central air support year-round occupancy. Block and CBS construction, a fenced site, public water, and public sewer are also in place. B-2 zoning supports the property's commercial classification and stated retail, office, and professional use potential.
The property is located at 5738 W Hallandale Beach Boulevard in West Park, Broward County, with access near major roads and high-traffic areas. Ample parking is provided on the property, adding practical convenience for occupants and visitors.
The property is located at 5738 W Hallandale Beach Boulevard in West Park, Broward County, with access near major roads and high-traffic areas. Ample parking is provided on the property, adding practical convenience for occupants and visitors.
Key Highlights
- 2,191‑square‑foot freestanding commercial building
- 0.27‑acre fenced parcel with ample parking
- B‑2 zoning with retail, office, and professional use potential
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
Retail
$529.3K
$463.1K – $617.5K
NOI $37,048 @ 7.0% cap · market cap 3.71%
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
1,898
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 Office 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?
Storefront property - Flexible open-plan space with private entry, central systems, tile flooring, and fenced grounds.
Where is this storefront property located?
The property is located at 5738 W 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: 2,191‑square‑foot freestanding commercial building; 0.27‑acre fenced parcel with ample parking; B‑2 zoning with retail, office, and professional use potential
