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    The Largest CRE Database in the US with Over 1 Million Listings

    1250 Hallandale Bch Blvd Hallandale Beach, FL 33009

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    For Lease
    Contact for pricing

    Prime Office Space, 2400 sq ft

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 2,400 square foot office suite is situated on the third floor of an eleven-story building in Hallandale Beach, offering stunning views and abundant natural light. The space is currently configured as an executive/creative office, perfect for a single tenant. The building boasts a dedicated property management team ready to customize renovations to meet your specific needs. Amenities include after-hours HVAC, air conditioning, common area restrooms, and partitioned offices for enhanced privacy. Free covered self-parking is provided for tenants and visitors alike. Its convenient location on Hallandale Beach Boulevard (SR 858), near the intersection of Biscayne Boulevard (US1) and just two miles east of I-95, ensures easy access to surrounding amenities, entertainment, and major transportation routes. On-site property management and maintenance staff provide exceptional service. The building also features a café and a comfortable seated waiting area in the lobby. Tenants and building employees enjoy a discounted gym membership.

    Property Features for 1250 Hallandale Bch Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Unit(s) available at that property

    Space
    Size
    2,400 SF

    We can help!

    Listing Contact
    Lance Hess
    Lance Hess

    Learn more

    Property Insight Report

    HighLights

    • 2,400 sq. ft. single‑tenant office space in Hallandale Beach, Broward County.
    • Located on the 3rd floor of an 11‑story building with great views and abundant natural light.
    • Building features include elevators, after‑hours HVAC, common area restrooms, and partitioned offices.
    • Free covered parking for tenants and visitors.
    • Convenient location on Hallandale Beach Blvd (SR 858), near Biscayne Blvd (US1) and I‑95.
    • On‑site property management and maintenance, plus a café and waiting area in the lobby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Candy Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.135595
    Latitude
    25.9851945

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    FAQs

    What type of property is this?
    Office space - Prime Office Space, 2400 sq ft
    Where is this office space located?
    The property is located at 1250 Hallandale Bch Blvd Hallandale Beach, FL.
    What are key features of this property?
    This property features: 2,400 sq. ft. single-tenant office space in Hallandale Beach, Broward County.; Located on the 3rd floor of an 11-story building with great views and abundant natural light.; Building features include elevators, after-hours HVAC, common area restrooms, and partitioned offices.
    Request Owner's contact information
    1250 Hallandale Bch Blvd Hallandale Beach, FL 33009
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    Hallandale Beach, FL 33009
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1250 Hallandale Bch Blvd Hallandale Beach, FL 33009
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    We can help!
    Listing Contact
    Lance Hess
    Lance Hess
    Real Estate License ID: 3571406
    Learn more
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