Retail Storefront in Shopping
For Sale
$129,999
Pending
8765 NW 50TH ST Unit 9, Lauderhill, FL 33321
Unit in a shopping center with three guest facilities and one parking space, built in 2004.
Property Size707 SF
Days on Market4734
Property Features for 8765 NW 50TH ST Unit 9
General Information
Standard status
Pending
Size
707 SF
Property subtype
General Commercial
Amenities
3
1 Parking Spaces.
Building Details
Year Built
2004
Listing Agency:
MAR NON MLS MEMBER
(305) 936-2489
Listed By:
Dean Isenberg
(305) 936-2489
Source:
Xome
Added: Aug 14, 2013
Changed: Jul 30
Last Checked: Jul 30 at 6:28PM
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 MAR NON MLS MEMBER
Investment Insights
Based on property information with market context.
This retail storefront is located within a shopping center, offering three guest facilities and one parking space. The property was built in 2004.
Set on busy Pine Island, the center is positioned among a variety of everyday businesses, including Metro PCS, restaurants, a chiropractor, salons, and a food mart. The storefront is across from a Mobil Gas Station and Banyon Elementary School.
The combination of established neighboring retailers and direct visibility to a high-traffic area can support a range of retail uses for an operator looking to join an active shopping center environment.
Set on busy Pine Island, the center is positioned among a variety of everyday businesses, including Metro PCS, restaurants, a chiropractor, salons, and a food mart. The storefront is across from a Mobil Gas Station and Banyon Elementary School.
The combination of established neighboring retailers and direct visibility to a high-traffic area can support a range of retail uses for an operator looking to join an active shopping center environment.
Key Highlights
- Built in 2004
- Three guest facilities
- One parking space
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $26.40 |
| − Vacancy | −$1.6k | −$2.24 |
| EGI | $17.1k | $24.16 |
| − OpEx | −$5.1k | −$7.25 |
| NOI | $12.0k | $16.91 |
707 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$170.8K
$149.4K – $199.3K
NOI $11,955 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.7K
$313.9K – $418.5K
NOI $25,108 @ 7.0% cap · market cap 19.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 34%
Electronics 10%
Beauty & Spa 2%
Wendy's
Dining
13,194 visits/mo
0.5 miles
Marathon
Shops & Services
6,042 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,786 visits/mo
0.5 miles
Mobil
Shops & Services
3,482 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
3,366 visits/mo
0.5 miles
Demographics for 33321, FL
51,011
Population
24,009
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,221
Density / Sq Mi
$60,013
Median Household Income
$38,742
Median Earnings
$1,846
Median Rent
$259,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sunrise West Shopping Center — 9240 W Commercial Blvd, Sunrise, FL 33351
- Atrium — Sunrise, FL 33351
- Casa Linda Plaza — 8741 NW 57th St, Tamarac, FL 33351
- Universal Plaza Shopping Center — 7744 W Commercial Blvd, Lauderhill, FL 33351
- The Forum — Sunrise, FL 33351
Frequently Asked Questions
What type of property is this?
Shopping center - Unit in a shopping center with three guest facilities and one parking space, built in 2004.
Where is this shopping center located?
The property is located at 8765 NW 50TH ST Unit 9 Lauderhill, FL.
What is the asking price?
The asking price for this property is $129,999.
What are key features of this property?
This property features: Built in 2004; Three guest facilities; One parking space
