Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1600 66th Ave Pembroke Pines, FL 33023-2166
    Back to Search
    Property profile & analytics

    1600 66th Ave, Pembroke Pines, FL 33023-2166

    View on Map
    • Warehouses
    • 21,855 SF
    • 1.90 lot acres
    Off-Market
    Property ID
    US18-0424773
    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.
    Value Estimations
    $2,545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1600 66th Ave

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    1.90 lot acres
    Zone code
    (PD-SL)
    Property type
    Warehouses
    APN
    51-41-23-27-0010
    APU
    514123270010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 23, 2015 $749,000 1600 Sw 66th Ave LLC Us Bank NA Series 2006-3 Grant Deed —
    Aug 8, 2006 — Owner Name Unavailable Owner Name Unavailable Grant Deed · related —
    Aug 7, 2006 $2,000,000 Pembroke Asset Corp Sparlon Hosiery Mills INC Warranty Deed · related $1M · Lehman Brothers Bk
    — — Pembroke Asset Corp — Deed Of Trust · related $822k · Florida Busn Dev

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,673,000
      Market price range: $1.67M - $5.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.2211
    Latitude
    25.9961
    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
    $22,345
    $580,830
    $463,710
    $1,044,540
    -
    $580,830
    $463,710
    $1,044,540

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      56th Ter

      STORAGE YARD, OPEN STORAGE
      56th Ter, West Park, FL 33023
      View Details
    • Value Estimation by Request
      1,358 SF

      5820 Rodman St

      STORAGE YARD (JUNK, SALVAGE)
      5820 Rodman St, Hollywood, FL 33023
      View Details
    • Value Estimation
      $16,290,000
      95,023 SF

      1959 State Rd 7th, Unit 1973

      MINI-WAREHOUSE, STORAGE
      1959 State Rd 7th, West Park, FL 33023-6733
      View Details
    • Value Estimation
      $22,770,000
      127,228 SF

      2601 34th Ave, Unit 2799

      WAREHOUSE, STORAGE
      2601 34th Ave, Pembroke Park, FL 33023-7713
      View Details
    • Value Estimation
      $3,380,000
      21,312 SF

      6033 35th St

      MINI-WAREHOUSE, STORAGE
      6033 35th St, Miramar, FL 33023-5188
      View Details
    • Value Estimation
      $10,445,000
      70,815 SF

      5801 21st St, Unit 5897

      WAREHOUSE, STORAGE
      5801 21st St, West Park, FL 33023-3008
      View Details

    Similar Nearby for Sale

    • $375,000
      Pending

      West Park Commercial Lot

      High-visibility commercial lot in West Park, Florida.
      2301 S State 7 Rd, West Park, FL 33023
      View Details
    • $1,750,000
      0.66 Acres

      West Park Land/Lot Opportunity

      Versatile land/lot suitable for various commercial and residential purposes.
      5421 W Hallandale Beach Blvd, West Park, FL 33023
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      43,142 SF

      New Warehouse Spaces in West Park

      Modern industrial complex with flexible warehouse, storage, or light industrial.
      2392 SW 57Th Ave, West Park, FL 33023
      View Details
    • Contact for pricing
      61,000 SF

      Miramar Warehouse Space Available

      61,000 SF warehouse space for lease in Miramar, Florida.
      7481 Riviera Blvd, Miramar, FL 33023
      View Details
    • $2,000 /Mo
      18,883 SF

      West Park Industrial Space Available

      Industrial space suitable for e-commerce, storage, and light manufacturing.
      2122 SW 58Th Ter, West Park, FL 33023
      View Details
    • $29 SF/Yr
      8,089 SF

      West Park Industrial Space Available

      Warehouse, yard space, and auto repair potential in West Park.
      West Park, FL 33023
      View Details
    • Contact for pricing
      53,116 SF

      Industrial Facility in Seneca Park

      222,145 SF industrial facility with excellent connectivity.
      2500 Commerce Ctr Way, Pembroke Park, FL 33023
      View Details
    • Contact for pricing
      93,052 SF

      New Construction Industrial/Warehouse Space

      New construction industrial/warehouse space available for lease.
      2300 Commerce Ctr Way, Pembroke Park, FL 33023
      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.
    1600 66th Ave
    Pembroke Pines, FL 33023-2166
    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

    Thank You for Inquiry
    1600 66th Ave, Pembroke Pines, FL, 33023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!