Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1060 3rd St Hallandale Beach, FL 33009-3102

    • Distribution centers
    • 4,402 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2023
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0763187
    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

    • Distribution centers

    Property Details for 1060 3rd St

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.10 lot acres
    Property size
    4,402 SF
    Zone code
    B-I
    Property type
    Distribution centers
    APN
    51-42-28-AF-0020
    APU
    514228AF0020

    Description

    This exceptional 4,402 square foot warehouse, located at 1060 NW 3rd St #1060 in Hallandale Beach, Florida, presents a unique investment opportunity. Built in 1972 and expertly remodeled, this property boasts a prime location with convenient access to I-95, ensuring seamless transportation and logistics. The warehouse features a functional and modern design, ideal for a variety of businesses. Inside, you'll find one fully equipped office, providing a professional workspace separate from the main warehouse area. The warehouse itself offers a generous 22-foot roof height and a 14-foot high by 12-foot wide loading door, accommodating various equipment and inventory needs. The asking price for this well-maintained industrial property is $1,650,000. Situated in Broward County, Florida, zip code 33009, this warehouse is ready for immediate occupancy and presents a compelling opportunity for growth and expansion. The property's strategic location and modern amenities make it an attractive option for businesses seeking a high-quality industrial space in a thriving South Florida market. Don't miss this chance to secure a well-positioned and functional warehouse in Hallandale Beach.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $466,000
      Market price range: $238k - $790k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1637
    Latitude
    25.9872
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,026
    $64,420
    $579,770
    $644,190
    -
    $64,420
    $579,770
    $644,190

    Comparable in this City

    • Value Estimation by Request

      2053 31 Ave

      Distribution properties
      2053 31 Ave, Hallandale Beach, FL 33009
      View Details
    • Value Estimation by Request

      470 Ansin Blvd

      Distribution properties
      470 Ansin Blvd, Hallandale Beach, FL 33009
      View Details
    • Value Estimation
      $320,000
      222 SF

      430 Ansin Blvd Ste A

      DISTRIBUTION WAREHOUSE • 222 SF
      430 Ansin Blvd Ste A, Hallandale Beach, FL 33009-3112
      View Details
    • Value Estimation
      $490,000
      1,682 SF

      315 10th Ter

      DISTRIBUTION WAREHOUSE • 1,682 SF
      315 10th Ter, Hallandale Beach, FL 33009-3103
      View Details
    • Value Estimation
      $325,000
      1,682 SF

      317 10th Ter

      DISTRIBUTION WAREHOUSE • 1,682 SF
      317 10th Ter, Hallandale Beach, FL 33009-3103
      View Details
    • Value Estimation
      $1,135,000
      1,703 SF

      425 10th Ter

      DISTRIBUTION WAREHOUSE • 1,703 SF
      425 10th Ter, Hallandale Beach, FL 33009-3105
      View Details

    Similar Nearby for Sale

    • $6,900,000
      29,309 SF

      Hallandale Beach Industrial Warehouse

      29,309 SF Warehouse - Vacant
      2801 Park Rd, Hallandale Beach, FL 33009
      View Details
    • $2,860,000
      4,850 SF

      Hallandale Beach Warehouse Investment

      High-traffic location, established business included.
      707 Dixie Hwy, Hallandale Beach, FL 33009
      View Details
    • $2,750,000

      Hallandale Beach Warehouse on Dixie

      4,850 SF warehouse with auto use approval on Dixie Hwy.
      707 N Dixie Hwy, Golden Isles, FL 33009
      View Details
    • Contact for pricing

      Hallandale Beach Retail/Flex Space

      Retail/flex space in Hallandale's District 8, suitable for various uses.
      139 NE 1St Ave, Golden Isles, FL 33009
      View Details
    • $870,000

      Coffee Roaster Business Opportunity

      Unique coffee roasting technology in Pembroke Park, Florida.
      1805 SW 31St Ave, Golden Isles, FL 33009
      View Details
    • $1,500,000
      4,100 SF

      Profitable Tire Recycling Plant

      Florida Industrial Property - $1.5M
      0 $$$$ Tire Recycling Company, Hallandale Beach, FL 33009
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      6,986 SF

      Ansin Blvd Warehouse Sublease Opportunity

      6,986 SF Industrial Warehouse Space
      470 Ansin Blvd, Hallandale Beach, FL 33009
      View Details
    • Contact for pricing

      Hallandale Beach Warehouse For Sale

      Clean Warehouse, Office, End-Cap
      2053 31 Ave, Hallandale Beach, FL 33009
      View Details
    • $26 SF/Yr
      2,606 SF

      Ansin Blvd Warehouse Sublease

      I-95 Access, 2606 SF Warehouse
      470 Ansin Blvd, Hallandale Beach, FL 33009
      View Details
    • Contact for pricing

      Pembroke Park Warehouse For Sale

      8,140 SF Industrial Space, Single Tenant
      2503 John P Lyons Ln, Pembroke Park, FL 33009
      View Details
    • $32 SF/Yr

      Hallandale Beach Retail/Office/Warehouse Space

      Prime Hallandale Beach units for lease, suitable for various businesses.
      201 E Hallandale Beach Blvd, Golden Isles, FL 33009
      View Details
    • $3,000 /Mo

      Hallandale Beach Warehouse For Rent

      Warehouse/Industrial space east of I-95 in Hallandale Beach, FL.
      470 Ansin Blvd, 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.
    1060 3rd St
    Hallandale Beach, FL 33009-3102
    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.