Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    8080 Pasadena Blvd Pembroke Pines, FL 33024

    Sponsored
    For Sale
    $1,400,000

    Updated Office Building, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional free-standing office building, located at 8080 Pasadena Blvd in Pembroke Pines, Florida, presents a unique investment opportunity. Built in 1972 and boasting a total of 2108 square feet on a single story, this completely updated property is ideally suited for a variety of professional uses, particularly medical practices given its proximity to Pembroke Pines Memorial Hospital. The building features 15 offices or flex rooms, providing ample space for staff and clients. Nine dedicated parking spots are included on the property, with additional parking readily available nearby. Recent upgrades include a new roof and new air conditioning systems, ensuring low maintenance costs and optimal comfort. The building also includes two private restrooms for added convenience. The asking price for this turnkey property is $1,400,000. Its prime location in Broward County, Florida, zip code 33024, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, updated office building in a thriving area. The property's versatile layout and modern amenities make it an attractive option for a variety of businesses seeking a comfortable and functional workspace.

    Property Features for 8080 Pasadena Blvd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1972
    Stories
    1

    HighLights

    • Free‑standing, single‑story office building totaling 2,108 square feet in Pembroke Pines, FL.
    • Completely updated with a new roof and AC systems.
    • Features 15 offices/flex rooms and 9 dedicated parking spaces.
    • Prime location near Pembroke Pines Memorial Hospital, ideal for medical practices.
    • Asking price: $1,400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.2499486
    Latitude
    26.0278454

    Nearby Similar for Sale

    • New
      $550,000

      Commercial Space for Medical Field

      Commercial space with 18 units, ideal for medical professionals.
      Pines Blvd, Pembroke Pines, FL 33024
      View Details
    • $290,000

      Turn-Key Restaurant in Pembroke Pines

      Authentic Vietnamese restaurant in a busy Pembroke Pines plaza.
      Pembroke Pines, FL 33027
      View Details
    • $1,299,999
      Pending

      Pembroke Pines Office For Sale

      Exceptional office space in a sought-after Pembroke Pines location.
      9009 NW 2Nd St, Pembroke Pines, FL 33024
      View Details
    • $425,000

      Turnkey Restaurant Business Opportunity

      Profitable restaurant business for sale in Pembroke Pines, Florida.
      Pembroke Pines, FL 33024
      View Details
    • $150,000

      Profitable Salon Business Opportunity

      Luxury hair salon for sale with loyal client base.
      9660 Pines Blvd, Pembroke Pines, FL 33024
      View Details
    • $188,000

      Turn-Key Japanese Restaurant Opportunity

      Established Japanese restaurant with teppanyaki and sushi bar for sale.
      W University Dr Pne Blvd, Pembroke Pines, FL 33026
      View Details
    • $99,000

      Established Hair Salon Business Opportunity

      Profitable hair salon business for sale in Pembroke Pines, Florida.
      7991 Johnson St, Pembroke Pines, FL 33024
      View Details
    • $475,000

      Turnkey Hibachi & Sushi Restaurant

      Profitable Japanese restaurant in prime Broward plaza with high foot traffic.
      Confidential, Pembroke Pines, FL 33023
      View Details
    • $229,000

      Operating Restaurant in Busy Mall

      Fully equipped fast-casual restaurant with Latin-American flavors in Pembroke Pines.
      Pembroke Pines, FL 33026
      View Details
    • $250,000

      Profitable Gelato Franchise Opportunity

      Established gelato franchise for sale in prime location.
      306 SW 145 Ave, Pembroke Pines, FL 33027
      View Details
    • Contact for pricing

      Turn-Key Medical Office Space

      Fully renovated, furnished medical office space available for flexible lease.
      1806 N Flamingo Rd, Pembroke Pines, FL 33028
      View Details
    • $640,000

      Renovated Condos Portfolio For Sale

      Three renovated condos in desirable area, ideal for investors.
      8734 SW 3Rd St, Pembroke Pines, FL 33025
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Updated Office Building, Excellent Location
    Where is this office property / space located?
    The property is located at 8080 Pasadena Blvd Pembroke Pines, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Free-standing, single-story office building totaling 2,108 square feet in Pembroke Pines, FL.; Completely updated with a new roof and AC systems.; Features 15 offices/flex rooms and 9 dedicated parking spaces.
    Request Owner's contact information
    8080 Pasadena Blvd Pembroke Pines, FL 33024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8080 Pasadena Blvd
    Pembroke Pines, FL 33024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    8080 Pasadena Blvd Pembroke Pines, FL 33024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.