Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1005 2 St Hallandale Beach, FL 33009

    • Small apartment buildings
    For Sale
    View listing
    $830,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3455037
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1005 2 St

    Year built
    1958
    Property type
    Small apartment buildings

    Description

    This exceptional two-unit apartment building, located at 1005 NE 2nd St, Hallandale Beach, Florida 33009, presents a lucrative investment opportunity. Built in 1958 and completely renovated in 2023, this single-story duplex boasts two spacious units, each featuring two bedrooms and two bathrooms. Recent upgrades include brand new kitchens with stainless steel appliances, updated bathrooms with new fixtures, and waterproof laminated flooring throughout. Each unit also benefits from separate central air conditioning systems, washers and dryers, and water heaters. The electrical systems were also updated in 2021. The property includes two driveways providing ample parking, and a spacious fenced backyard with separate backyards for each unit. A concrete storage room is located in the rear of the property. The roof is approximately 10 years old. This prime East Hallandale Beach location offers convenient access to the beach, Gulfstream Park & Casino, and Aventura Mall. The asking price for this income-generating property is $830,000. This is a rare opportunity to acquire a meticulously maintained, high-demand property in a thriving South Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1380228
    Latitude
    25.9881944

    Comparable in this City

    • $475,000
      1,422 SF

      Hallandale Beach Duplex Investment

      Two-unit apartment building, great ROI.
      809 2 St, Hallandale Beach, FL 33009
      View Details
    • $790,000
      2,072 SF

      OCEAN PARK

      Multifamily properties • 2,072 SF
      219 7 Ct, Hallandale Beach, FL 33009
      View Details
    • $529,900

      Hallandale Beach Duplex Investment

      Prime Hallandale Beach Duplex, great rental income.
      726 7 St, Hallandale Beach, FL 33009
      View Details
    • $719,000
      2,062 SF

      Hallandale Beach Duplex Investment

      Prime Hallandale Beach duplex, two 2/2 units, high rental income.
      623 5 St, Hallandale Beach, FL 33009
      View Details
    • $112,000

      Furnished Hallandale Beach Coop

      Move-in ready, furnished coop near Hallandale Beach.
      851 Atlantic Shores Blvd, Golden Isles, FL 33009
      View Details
    • $93,500

      Updated Condo in Hallandale Beach

      Move-in ready, updated 1 bed, 1 bath condo in Hallandale.
      900 SW 10Th Ter, Golden Isles, FL 33009
      View Details

    Similar Nearby for Sale

    • $475,000
      1,422 SF

      Hallandale Beach Duplex Investment

      Two-unit apartment building, great ROI.
      809 2 St, Hallandale Beach, FL 33009
      View Details
    • $790,000
      2,072 SF

      OCEAN PARK

      Multifamily properties • 2,072 SF
      219 7 Ct, Hallandale Beach, FL 33009
      View Details
    • $529,900

      Hallandale Beach Duplex Investment

      Prime Hallandale Beach Duplex, great rental income.
      726 7 St, Hallandale Beach, FL 33009
      View Details
    • $719,000
      2,062 SF

      Hallandale Beach Duplex Investment

      Prime Hallandale Beach duplex, two 2/2 units, high rental income.
      623 5 St, Hallandale Beach, FL 33009
      View Details
    • $112,000

      Furnished Hallandale Beach Coop

      Move-in ready, furnished coop near Hallandale Beach.
      851 Atlantic Shores Blvd, Golden Isles, FL 33009
      View Details
    • $93,500

      Updated Condo in Hallandale Beach

      Move-in ready, updated 1 bed, 1 bath condo in Hallandale.
      900 SW 10Th Ter, Golden Isles, FL 33009
      View Details

    Similar Nearby for Lease

    • $1,975 /Mo

      Renovated Apartment with Den/Bedroom

      Renovated apartment featuring a den/bedroom, new kitchen, and porcelain flooring.
      620 NE 2Nd Ct, Golden Isles, FL 33009
      View Details
    • $1,400 /Mo

      Hallandale Beach One-Bedroom Rental

      One-bedroom rental in Hallandale Beach, move-in ready, near US1.
      1012 NW 2Nd Ave, Golden Isles, FL 33009
      View Details
    • $2,200 /Mo

      Hallandale Updated Apartment For Rent

      Updated 2-bedroom apartment near Aventura Mall, Gulfstream Park, and beach.
      620 SW 7Th Ave, Golden Isles, FL 33009
      View Details
    • $1,690 /Mo

      Hallandale Beach 2-Bedroom Apartment

      Charming 2-bedroom apartment in Hallandale Beach, near amenities.
      517 NW 1St Ave, Golden Isles, FL 33009
      View Details
    • $1,895 /Mo

      Hallandale Beach Ground-Floor Apartment

      Spacious, pet-friendly apartment with on-site laundry in Hallandale Beach.
      715 NW 7Th Ave, Golden Isles, FL 33009
      View Details
    • $2,199 /Mo

      Hallandale Beach Furnished Apartment

      Furnished 2-bedroom, 1-bath apartment in Hallandale Beach, Florida.
      528 SW 4Th Ave, Golden Isles, FL 33009
      View Details
    Request Owner's contact information
    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.
    1005 2 St
    Hallandale Beach, FL 33009
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.