Hallandale Beach Retail
For Sale
Contact for pricing
633 Pembroke Rd, Hallandale Beach, FL 33009
Single tenant net lease property on a prominent thoroughfare.
Property Size8,254 SF
Price / SF$414.34
Days on Market900
Property Features for 633 Pembroke Rd
General Information
Standard status
Active
Size
8,254 SF
Property subtype
Retail
Zoning
West RAC (Regional Activity Center)
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$206,350
Building Details
Year Built
2015
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Apex Capital Realty
Listed By:
Miguel Pinto · License #3313310
(305) 570-2600
Source:
Crexi
Added: Apr 30, 2024
Changed: Oct 5
Last Checked: Oct 16 at 7:35AM
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 Apex Capital Realty
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Investment Insights
Based on property information with market context.
An exclusive opportunity to acquire a single tenant net lease property encompassing an entire city block along a prominent thoroughfare East of I-95 in Hallandale Beach, FL. The property is positioned in Hallandale Beach, a burgeoning sub-market nestled between Aventura and Hollywood. The property size is 8254 square feet.
Key Highlights
- Single tenant net lease (STNL) property.
- Encompasses an entire city block.
- Located along a prominent thoroughfare.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,569
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,791,380
$2.8M
Cap Rate 7%
$1,993,843
$2.0M
Cap Rate 9%
$1,550,767
$1.6M
Market Conditions
NOI Build-Up for 8,254 SF
Gross rent
$217.9K $26.40/SF
− Vacancy
−$18.5K −$2.24/SF
EGI
$199.4K $24.16/SF
− OpEx
−$59.8K −$7.25/SF
NOI
$139.6K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,791,380
Cap Rate 7%
$1,993,843
Cap Rate 9%
$1,550,767
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.33M
NOI $139,569 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.66M – $4.89M
NOI $293,132 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
159k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 40%
Electronics 3%
McDonald's
Dining
28,344 visits/mo
0.4 miles
Chevron
Shops & Services
25,507 visits/mo
0.4 miles
Flanigan's Seafood Bar & Grill
Dining
23,975 visits/mo
0.4 miles
Mobil
Shops & Services
15,923 visits/mo
0.4 miles
Pollo Tropical
Dining
13,501 visits/mo
0.4 miles
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Single tenant net lease property on a prominent thoroughfare.
Where is this retail space located?
The property is located at 633 Pembroke Rd Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $3,420,000.
What are key features of this property?
This property features: Single tenant net lease (STNL) property.; Encompasses an entire city block.; Located along a prominent thoroughfare.
