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    Property profile & analytics

    1601 Hiatus Rd, Unit 1697 Pembroke Pines, FL 33026-2129

    • Community centers
    • 47,987 SF
    • 8.82 lot acres
    OFF-MARKET
    Value Estimations
    $8,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5554301
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1601 Hiatus Rd

    Year built
    2019
    Construction
    CONCRETE
    Lot size
    8.82 lot acres
    Property size
    47,987 SF
    Zone code
    (B-2)
    Property type
    Community centers
    APN
    51-40-12-04-1060
    APU
    514012041060

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,720,000
      6.5%
      $11,740,000
      7%
      $10,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.2986
    Latitude
    26.0215
    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
    $364,378
    $3,458,090
    $13,827,750
    $17,285,840
    -
    $3,458,090
    $13,827,750
    $17,285,840

    Comparable in this City

    • Value Estimation
      $21,160,000
      87,092 SF

      11210 Pnes Blvd, Unit 11300

      MINI-MALL • 87,092 SF
      11210 Pnes Blvd, Pembroke Pines, FL 33026-4101
      View Details
    • Value Estimation
      $37,725,000
      267,550 SF

      11810 Pnes Blvd, Unit 11970

      MINI-MALL • 267,550 SF
      11810 Pnes Blvd, Pembroke Pines, FL 33026-4123
      View Details
    • Value Estimation by Request
      203,299 SF

      10810 Pnes Blvd, Unit 11150

      MINI-MALL • 203,299 SF
      10810 Pnes Blvd, Pembroke Pines, FL 33026-5205
      View Details
    • Value Estimation by Request
      131,650 SF

      2661 Hiatus Rd

      Lifestyle centers • 131,650 SF
      2661 Hiatus Rd, Cooper City, FL 33026
      View Details
    • Value Estimation
      $35,920,000
      98,490 SF

      10111 Pnes Blvd, Unit 10345

      MINI-MALL • 98,490 SF
      10111 Pnes Blvd, Pembroke Pines, FL 33026-3978
      View Details
    • Value Estimation
      $33,545,000
      134,976 SF

      2501 Hiatus Rd, Unit 2731

      MINI-MALL • 134,976 SF
      2501 Hiatus Rd, Hollywood, FL 33026-1301
      View Details

    Similar Nearby for Sale

    • $125,000

      Pembroke Pines Business Opportunity

      Business opportunity in Pembroke Pines with established clientele.
      1637 N Hiatus Rd, Pembroke Pines, FL 33026
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    • $188,000

      Turn-Key Japanese Restaurant Opportunity

      Established Japanese restaurant with teppanyaki and sushi bar for sale.
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    • $200,000
      Pending

      Established Business Opportunity in Cooper City

      Successful smoothie, coffee, and breakfast/lunch business in growing neighborhood.
      Cooper City, FL 33026
      View Details
    • $185,000

      Established Turnkey Taco Restaurant

      Well-established taco restaurant with loyal customer base for sale.
      10410 Taft St, Pembroke Pines, FL 33026
      View Details
    • Contact for pricing

      Turnkey Restaurant Space For Sale

      Fully equipped restaurant space ready for immediate operation.
      12221 Taft St, Pembroke Pines, FL 33026
      View Details
    • $229,000

      Operating Restaurant in Busy Mall

      Fully equipped fast-casual restaurant with Latin-American flavors in Pembroke Pines.
      Pembroke Pines, FL 33026
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    Similar Nearby for Lease

    • Contact for pricing
      905 SF

      Retail Space in Cooper City

      Retail space available in a busy shopping center.
      2501-2721 N Hiatus Rd, Hollywood, FL 33026
      View Details
    • Contact for pricing

      Retail Space in Cooper City

      Retail space available in a busy shopping center.
      2661 N Hiatus Rd, Hollywood, FL 33026
      View Details
    • $16,250 /Mo
      3,000 SF

      Drive-Thru Restaurant/Retail Opportunity

      3,000 SF commercial building with three drive-thru lanes.
      12399 Sheridan St, Hollywood, FL 33026
      View Details
    • Contact for pricing
      131,751 SF

      Embassy Lakes Retail Space For Lease

      Prime Hollywood Retail, Multiple Units Available
      0 Hiatus Rd. & Sheridan St, Hollywood, FL 33026
      View Details
    • $14 SF/Yr
      1,824 SF

      Pembroke Pines Office Space for Lease

      1,824 sq ft Office, Flexible Terms
      1601 Palm Ave, Pembroke Pines, FL 33026
      View Details
    • $6,800 /Mo

      Office/Medical Space Available for Rent

      Move-in ready office/medical space with multiple offices and break room.
      1311-1321 N Palm Ave, Hollywood, FL 33026
      View Details
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    Pembroke Pines, FL 33026-2129
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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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