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    1801 Ocean Dr Hallandale Beach, FL 33009

    Sponsored
    For Sale
    $1,999,999

    Prime Location, High ROI Potential

    Property size:
    9,354 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity in Hallandale Beach, Florida, presents a vacant 9,354 square foot building situated on a 9,354 square foot lot. The property, built in 1970, is zoned RM-HD-2 and features seven units, ideal for a variety of retail uses, including grocery, beauty shop, or food store concepts. Currently vacant, this property offers a significant value-add opportunity for an investor to lease at current market rates, potentially achieving a substantial return. The asking price is $1,999,999, translating to $213.81 per square foot. Financial projections indicate a pro-forma NOI of $257,561 and a pro-forma cap rate of 12.88%. Located at 1801 South Ocean Drive, in Broward County, zip code 33009, this property benefits from its prime location and high visibility. The property consists of one building and is offered as a NNN lease. This is a rare chance to acquire a significant retail asset in a highly desirable South Florida market. The property's existing structure and zoning provide flexibility for various retail uses, making it an attractive investment for both experienced and emerging investors seeking strong returns. The location offers excellent access to major transportation routes and a dense residential population. This is a unique opportunity to capitalize on the thriving retail market in Hallandale Beach.

    Property Features for 1801 Ocean Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,354 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Units
    7

    HighLights

    • Vacant 9,354 SF retail building on a 9,354 SF lot in Hallandale Beach, FL.
    • Seven‑unit building, ideal for various retail uses, zoned RM‑HD‑2.
    • Asking price: $1,999,999 ($213.81/SF), projected NOI of $257,561, and a 12.88% pro‑forma cap rate.
    • Located at 1801 South Ocean Drive, Hallandale Beach, FL 33009, offering high visibility and access to major transportation routes.
    • NNN lease offering significant value‑add potential in a prime South Florida location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1202638
    Latitude
    25.9859572

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, High ROI Potential
    Where is this individual retail property located?
    The property is located at 1801 Ocean Dr Hallandale Beach, FL.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Vacant 9,354 SF retail building on a 9,354 SF lot in Hallandale Beach, FL.; Seven-unit building, ideal for various retail uses, zoned RM-HD-2.; Asking price: $1,999,999 ($213.81/SF), projected NOI of $257,561, and a 12.88% pro-forma cap rate.
    Request Owner's contact information
    1801 Ocean Dr Hallandale Beach, FL 33009
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    Realmo Value Estimation

    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.

    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.

    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
    1801 Ocean Dr Hallandale Beach, FL 33009
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