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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18201-18391 Pines Blvd Pembroke Pines, FL 33029

    • Lifestyle centers
    • 126,789 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 18201-18391 Pines Blvd

    Property size
    126,789 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Located at the highly visible northeast corner of Pines Boulevard and 184th Avenue, Shoppes of Silver Lakes offers exceptional retail space in a thriving Broward County community. This well-established shopping center boasts a total of 126,789 square feet and is anchored by a Publix supermarket, ensuring consistent high traffic and strong consumer draw. Currently, there are four available spaces ranging from 1,750 to 2,800 contiguous square feet, with a total of 8,890 square feet currently vacant. The center benefits from a diverse mix of co-tenants, including popular brands such as Einstein Bros. Bagels, IHOP, Carespot Express Healthcare, Sport Clips, 9Round Fitness, and a Neighborhood Learning Center, creating a synergistic and attractive retail environment. The surrounding area is densely populated, with over 25,000 households and 85,000 residents within a three-mile radius. This demographic is characterized by young families, boasting a median age of 38 and an average household income of $138,000, representing a significant consumer base with strong purchasing power. This prime location and established tenant mix make Shoppes of Silver Lakes an ideal opportunity for businesses seeking high visibility and a strong return on investment. The minimum divisible space is 1,750 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.39
    Latitude
    26.0094

    Comparable in this City

    • Value Estimation
      $18,330,000
      74,487 SF

      18401 Miramar Pkwy, Unit 18499

      MINI-MALL • 74,487 SF
      18401 Miramar Pkwy, Miramar, FL 33029-5802
      View Details
    • Value Estimation
      $8,965,000
      62,411 SF

      18283 Pnes Blvd

      MINI-MALL • 62,411 SF
      18283 Pnes Blvd, Pembroke Pines, FL 33029-1419
      View Details
    • Value Estimation by Request

      20861 Johnson St

      Retail properties
      20861 Johnson St, Pembroke Pines, FL 33029
      View Details
    • Value Estimation by Request

      18201 Pines Blvd

      Individual retail properties
      18201 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • Value Estimation
      $25,315,000
      204,902 SF

      151 184th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 204,902 SF
      151 184th Ave, Pembroke Pines, FL 33029-5465
      View Details
    • Value Estimation by Request
      0.05 Acres

      17770 2nd St

      PARKING LOT • 0.05 Acres
      17770 2nd St, Pembroke Pines, FL 33029-3927
      View Details

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    Similar Nearby for Lease

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      Clean, private office space with included amenities in Pembroke Pines.
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      Pembroke Pines Executive Suites

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    Pembroke Pines, FL 33029
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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
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