Built-Out Office
For Sale
Contact for pricing
8919 Taft Street, Pembroke Pines, FL 33024
1,200 SF office space with private offices, reception, open work area, restroom, and break area at a signalized intersection.
Property Size205,219 SF
Price / SF$0.00
Days on Market109
Property Features for 8919 Taft Street
General Information
Standard status
Active
Size
205,219 SF
Property subtype
Retail
Building Details
Year Built
1986
Listing Agency:
Trustpoint Realty, LLC.
(305) 200-0348
Listed By:
Andres Villarreal · License #3606293
(754) 736-0335
Source:
Lehmannflorida
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 20 at 9:55PM
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 Trustpoint Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for sale, this 1,200 SF office space is currently built out for an insurance company and offers a functional mix of private offices, a reception and waiting area, an open work area, a restroom, and a break area. The layout supports both client-facing and day-to-day office operations within a ready-to-occupy configuration.
The property is situated at a high-traffic, signalized intersection with excellent visibility and signage opportunity. Ample parking is available, and the surrounding mix includes both residential and commercial density, with convenient access to major roadways.
The space is well suited for professional office users, including insurance, professional services, financial services, real estate, tax preparation, and legal, based on the existing build-out and current configuration.
The property is situated at a high-traffic, signalized intersection with excellent visibility and signage opportunity. Ample parking is available, and the surrounding mix includes both residential and commercial density, with convenient access to major roadways.
The space is well suited for professional office users, including insurance, professional services, financial services, real estate, tax preparation, and legal, based on the existing build-out and current configuration.
Key Highlights
- 1,200 SF office space built out for an insurance company
- Includes private offices, reception/waiting area, open work area, restroom, and break area
- Located at a high‑traffic, signalized intersection with visibility and signage opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,033,785
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,675,700
$80.7M
Cap Rate 7%
$57,625,500
$57.6M
Cap Rate 9%
$44,819,833
$44.8M
Market Conditions
NOI Build-Up for 205,219 SF
Gross rent
$6.90M $33.60/SF
− Vacancy
−$1.52M −$7.39/SF
EGI
$5.38M $26.21/SF
− OpEx
−$1.34M −$6.55/SF
NOI
$4.03M $19.66/SF
Area
Pembroke Pines, FL
Vacancy
22.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,675,700
Cap Rate 7%
$57,625,500
Cap Rate 9%
$44,819,833
Alternative Uses
Best Use
Office B
$57.63M
$50.42M – $67.23M
NOI $4,033,785 @ 7.0% cap · market cap 13,445,950.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$87.16M
$76.27M – $101.69M
NOI $6,101,407 @ 7.0% cap · market cap 20,338,023.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - 1,200 SF office space with private offices, reception, open work area, restroom, and break area at a signalized intersection.
Where is this office unit located?
The property is located at 8919 Taft Street Pembroke Pines, FL.
What are key features of this property?
This property features: 1,200 SF office space built out for an insurance company; Includes private offices, reception/waiting area, open work area, restroom, and break area; Located at a high‑traffic, signalized intersection with visibility and signage opportunity
