Hallandale Beach Warehouse on
For Sale
$2,750,000
707 N Dixie Hwy, Hallandale Beach, FL 33009
4,850 SF warehouse with auto use approval on Dixie Hwy.
Property Size4,850 SF
Lot Size0.32 Acres
Days on Market267
Property Features for 707 N Dixie Hwy
General Information
Standard status
Active
Size
4,850 SF
Lot size
0.32 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$6,636
Building Details
Building Size
4,850 SF
Year Built
1965
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #BK3134747
(954) 453-1000
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 22 at 8:18AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This commercial property is located in East Hallandale Beach. The 4,850 square foot warehouse is situated on a 13,753 square foot lot with direct frontage on North Dixie Highway. The building features 15-foot high ceilings and two street-level roll-up doors. It includes a built-out office area with a waiting area. The property is in excellent condition. Zoned Central RAC, the property supports various commercial uses, including office, retail, multifamily, and restaurant. It has grandfathered-in approval for auto collision, mechanic, and auto dealership operations. The sale includes business value, licenses, equipment, and inventory.
Key Highlights
- Rare grandfathered‑in approval for auto collision, mechanic, and auto dealership operations.
- Includes business value, licenses, equipment, and inventory for seamless operations.
- 4,850 SF warehouse on a 13,753 SF lot with direct frontage on North Dixie Hwy.
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
$82,010
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
2.98%
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%
$1,640,200
$1.6M
Cap Rate 7%
$1,171,571
$1.2M
Cap Rate 9%
$911,222
$911.2K
Market Conditions
NOI Build-Up for 4,850 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
$128.0K $26.40/SF
− Vacancy
−$10.9K −$2.24/SF
EGI
$117.2K $24.16/SF
− OpEx
−$35.1K −$7.25/SF
NOI
$82.0K $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%
$1,640,200
Cap Rate 7%
$1,171,571
Cap Rate 9%
$911,222
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,010 @ 7.0% cap · market cap 2.98%
Second Best
Warehouse
$908.3K
$794.7K – $1.06M
NOI $63,579 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,243 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self Storage — 400 S Dixie Hwy, Hallandale Beach, FL 33009
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- Nova Self Storage Unit — 211 NE 3rd St, Hallandale Beach, FL 33009
- Two Men and a Truck Moving and Storage — 26 NW 1st St, Hallandale Beach, FL 33009
Frequently Asked Questions
What type of property is this?
Warehouse - 4,850 SF warehouse with auto use approval on Dixie Hwy.
Where is this warehouse located?
The property is located at 707 N Dixie Hwy Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Rare grandfathered‑in approval for auto collision, mechanic, and auto dealership operations.; Includes business value, licenses, equipment, and inventory for seamless operations.; 4,850 SF warehouse on a 13,753 SF lot with direct frontage on North Dixie Hwy.
