Leased Retail Plaza For
For Sale
Contact for pricing
4250 W Hallandale Beach Blvd, Pembroke Park, FL 33023
Fully leased retail plaza with high visibility and income potential.
Property Size8,917 SF
Price / SF$482.22
Days on Market740
Property Features for 4250 W Hallandale Beach Blvd
General Information
Standard status
Active
Size
8,917 SF
Total Parking Spaces
37
Property subtype
Mixed Use, Office, Retail
Zoning
B-1
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2022
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
Florida Brokers Real Estate
(954) 640-9111
Listed By:
Marcelo Olsak · License #Fl 3058500
Source:
Crexi
Added: Aug 23, 2024
Changed: Aug 17
Last Checked: Aug 31 at 7:43AM
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 Florida Brokers Real Estate
Investment Insights
Based on property information with market context.
This fully leased retail plaza is located in Pembroke Park, Florida. The property, built in 2022, features 8,917 square feet of building size and is situated on a main street with excellent visibility and heavy traffic on Hallandale Beach Boulevard, with proximity to various amenities. The property is suitable for retail, office, medical, and restaurant uses. The plaza contains seven retail units and is currently 100% occupied. The property includes 37 parking spaces and hurricane impact windows. Current tenants are responsible for all utilities, interior insurance, permits, and necessary build-outs inside the unit. CAM covers building insurance, exterior electric, lawn care, and management fee. The tenant mix includes established and high-traffic retail businesses, such as a beauty space, furniture store, smoke shop, and electronic store. Each unit features an open layout, air conditioning, and a bathroom. The zoning is B-1, with potential for redevelopment or expansion based on zoning regulations.
Key Highlights
- 100% Leased Triple Net Investment: Enjoy immediate and stable income.
- Prime Location: High‑traffic location on Hallandale Beach Blvd ensures excellent visibility and accessibility.
- Strong Income Potential: Generates $239,213.04 annual gross income with a 5.56% cap rate.
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
$150,779
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
3.51%
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%
$3,015,580
$3.0M
Cap Rate 7%
$2,153,986
$2.2M
Cap Rate 9%
$1,675,322
$1.7M
Market Conditions
NOI Build-Up for 8,917 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
$235.4K $26.40/SF
− Vacancy
−$20.0K −$2.24/SF
EGI
$215.4K $24.16/SF
− OpEx
−$64.6K −$7.25/SF
NOI
$150.8K $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%
$3,015,580
Cap Rate 7%
$2,153,986
Cap Rate 9%
$1,675,322
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.51M
NOI $150,779 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.96M – $5.28M
NOI $316,678 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Balanced
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail plaza with high visibility and income potential.
Where is this shopping center located?
The property is located at 4250 W Hallandale Beach Blvd Pembroke Park, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 100% Leased Triple Net Investment: Enjoy immediate and stable income.; Prime Location: High‑traffic location on Hallandale Beach Blvd ensures excellent visibility and accessibility.; Strong Income Potential: Generates $239,213.04 annual gross income with a 5.56% cap rate.
