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

    118 1st Ave Hallandale Beach, FL 33009-4210

    • Investment properties
    • 5,635 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2020
    $1,050,000
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    5.7%
    Investment properties
    Location Intelligence
    Property ID
    US18-1947402
    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

    • Investment properties

    Property Details for 118 1st Ave

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.29 lot acres
    Property size
    5,635 SF
    Zone code
    CENTRAL RAC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    51-42-27-04-0090
    APU
    514227040090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,690,000
      ML approach
      $1,880,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,495,000
      7%
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,403,000
      Market price range: $937k - $4.26M
      AI Estimate
      $1,281,000
      Market price range: $701k - $2.42M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,585,000
      Current use
      MEDICAL BUILDING
      $1,980,000
      Change: +25% Conversion: Easy
      RETAIL STORES
      $1,970,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1476
    Latitude
    25.9869
    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
    $22,405
    $138,550
    $795,160
    $933,710
    -
    $138,550
    $795,160
    $933,710

    Comparable in this City

    • Value Estimation
      $1,855,000
      8,100 SF

      9 Dixie Hwy

      STORE/OFFICE (MIXED USE) • 8,100 SF
      9 Dixie Hwy, Hallandale, FL 33009
      View Details
    • Value Estimation
      $2,835,000
      12,318 SF

      300 Hallandale Bch Blvd, Unit 310

      STORE/OFFICE (MIXED USE) • 12,318 SF
      300 Hallandale Bch Blvd, Hallandale Beach, FL 33009-5444
      View Details
    • Value Estimation
      $4,805,000
      25,173 SF

      409 Hallandale Bch Blvd, Unit 425

      STORE/OFFICE (MIXED USE) • 25,173 SF
      409 Hallandale Bch Blvd, Hallandale Beach, FL 33009-5301
      View Details
    • Value Estimation
      $27,485,000
      89,132 SF

      2500 Hallandale Bch Blvd

      STORE/OFFICE (MIXED USE) • 89,132 SF
      2500 Hallandale Bch Blvd, Hallandale Beach, FL 33009-4834
      View Details
    • Value Estimation by Request
      2,631 SF

      3101 Hallandale Bch Blvd

      STORE/OFFICE (MIXED USE) • 2,631 SF
      3101 Hallandale Bch Blvd, Hallandale, FL 33009-5160
      View Details
    • Value Estimation
      $615,000
      2,093 SF

      199 Federal Hwy

      STORE/OFFICE (MIXED USE) • 2,093 SF
      199 Federal Hwy, Hallandale Beach, FL 33009-4352
      View Details

    Similar Nearby for Sale

    • $685,000

      Hallandale Beach Mixed-Use Redevelopment Opportunity

      Income-producing property with redevelopment potential in Hallandale's West RAC zone.
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      1,598 SF

      Hallandale Beach Mixed-Use Opportunity

      Prime Location, Brand New, 1,598 SF
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      Hallandale Beach Commercial Space

      Prime location, brand new, 1670 sq ft.
      1006 Hallandale Bch Blvd, Hallandale Beach, FL 33009
      View Details
    • $3,900,000
      2,606 SF

      Hallandale Beach Commercial Gem

      Prime Location, Brand New Space
      1006 Hallandale Bch Blvd, Hallandale Beach, FL 33009
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    • $731,500

      Hallandale Beach Class A Office

      Class A office space in a vibrant mixed-use development.
      800 N Federal Hwy, Golden Isles, FL 33009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,981 SF

      New Mixed-Use Retail Space

      Retail space in new mixed-use development, centrally located.
      2002 Pembroke Rd, Hallandale, FL 33009
      View Details
    • $1.93 SF/Yr
      22,000 SF

      Prime Hallandale Beach Office Space

      8,725 sq ft Executive Office Suite Available
      501 Golden Is Dr, Hallandale Beach, FL 33009
      View Details
    • $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 Office Suite 621

      Prime Office Space, Gulfstream Park Area
      800 4 Ave, Hallandale Beach, FL 33009
      View Details
    • Contact for pricing
      22,250 SF

      Hallandale Beach Retail Center

      Prime Retail Space Available, High Visibility
      3192 Hallandale Bch Blvd, Pembroke Park, FL 33009
      View Details
    • Contact for pricing

      Hallandale Beach Office Space For Sale

      Prime Office Space, High Traffic Location
      203 Hallandale Bch Blvd, Hallandale Beach, FL 33009
      View Details
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    118 1st Ave
    Hallandale Beach, FL 33009-4210
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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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