Leased Retail Plaza For
4250 W Hallandale Beach Blvd Pembroke Park, FL 33023
4250 W Hallandale Beach Blvd, Pembroke Park, FL, 33023
Contact for pricing
For Sale
Contact for pricing
Fully leased retail plaza with high visibility and income potential.
Property Size8,917 SF
Price / SF$482.22
Days on Market694
Property Features for 4250 W Hallandale Beach Blvd
General Information
- Standard status
- Active
- Size
- 8,917 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 2022
Listing Agency
Florida Brokers Real Estate
(954) 640-9111
Listed by
Marcelo Olsak · License #Fl 3058500
Source
Crexi
Added: Aug 23, 2024 Checked: Jul 17 at 3:23 am
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.
Local Financial Insights For Office B
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 | $406.6k | $45.60 |
| − Vacancy | −$91.5k | −$10.26 |
| EGI | $315.1k | $35.34 |
| − OpEx | −$78.8k | −$8.84 |
| NOI | $236.3k | $26.51 |
8,917 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.38M
$2.95M – $3.94M
NOI $236,345 @ 7.0% cap · market cap 5.50%
Second Best
Retail
$2.15M
$1.88M – $2.51M
NOI $150,779 @ 7.0% cap · market cap 3.51%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
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.
