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    FL Pembroke Park Hallandale Beach, FL 33009
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    FL Pembroke Park, Hallandale Beach, FL 33009

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    Cap Rate Potential
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    Property Details for FL Pembroke Park

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 3,000 square foot commercial space offers unparalleled visibility and accessibility. Located on the second floor of a recently renovated building, this single-tenant property boasts a stunning open loft design with panoramic windows facing I-95, ensuring exposure to over 260,000 vehicles daily. The included advertising opportunity on the I-95 frontage provides significant marketing potential. The space features a 14-foot ceiling height, creating a spacious and airy atmosphere perfect for a variety of uses. Suitable for traditional office, medical office, creative office, coworking, or executive office setups, this flexible space is fully air-conditioned. Its modern design and open layout make it ideal for businesses seeking a vibrant and productive work environment. The building is a two-story structure without elevators. This prime location in Broward County is perfect for retail, office, or showroom needs requiring open spaciousness and high visibility. The monthly rent is $5500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1484
    Latitude
    25.9823

    Comparable in this City

    • Value Estimation by Request
      22,000 SF

      501 Golden Is Dr

      Coworking space
      501 Golden Is Dr, Hallandale Beach, FL 33009
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    • Value Estimation by Request
      36,000 SF

      501 Dixie Hwy

      Office Units
      501 Dixie Hwy, Hallandale Beach, FL 33009
      View Details
    • Value Estimation by Request

      Confidential

      Medical Office Space
      0 Confidential, Hallandale Beach, FL 33009
      View Details
    • Value Estimation by Request
      2,246 SF

      800 Federal Hwy

      Medical Office Space
      800 Federal Hwy, Hallandale Beach, FL 33009
      View Details
    • Value Estimation by Request
      2,251 SF

      800 Federal Hwy

      Medical Office Space
      800 Federal Hwy, Hallandale Beach, FL 33009
      View Details
    • Value Estimation by Request
      1,053 SF

      800 Federal Hwy

      Medical Office Space
      800 Federal Hwy, Hallandale Beach, FL 33009
      View Details

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    Similar Nearby for Lease

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      Hallandale Beach Mixed-Use Space

      Mixed-use space in Hallandale. Internet, FPL, and CAM included.
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      Hallandale Beach Commercial Space

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      1,200 SF

      Hallandale Beach Office Space

      Office spaces available for lease in Hallandale Beach, Florida.
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      View Details
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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.

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