Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18410 Pnes Blvd Pembroke Pines, FL 33029-1401
    Back to Search
    Property profile & analytics

    18410 Pnes Blvd, Pembroke Pines, FL 33029-1401

    View on Map
    • Drug stores
    • 15,458 SF
    • 1.58 lot acres
    Off-Market
    Last Sale Aug 14, 2020
    $9,000,000
    Property ID
    US18-7945571
    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
    $8,725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 18410 Pnes Blvd

    Year built
    2015
    Construction
    CONCRETE
    Lot size
    1.58 lot acres
    Zone code
    (B-3)
    Property type
    Drug stores
    APN
    51-39-13-14-0011
    APU
    513913140011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 14, 2020 $9,000,000 West Pines Edn Re LLC Ds Pembroke Pines Fl Landlord LLC Special Warranty Deed —
    May 5, 2020 $7,695,800 Ds Pembroke Pines Fl Landlord Walgreen Co Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,491,000
      Market price range: $3.54M - $7.49M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $13,520,000
      NEIGHBORHOOD: SHOPPING CENTER
      $10,310,000
      AUTO REPAIR, GARAGE
      $9,100,000
      COMMERCIAL (GENERAL)
      $7,195,000
      INDUSTRIAL (GENERAL)
      $7,105,000
      OFFICE BUILDING
      $7,025,000
      MEDICAL BUILDING
      $5,425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.3932
    Latitude
    26.0069
    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
    $101,393
    $1,720,800
    $3,106,460
    $4,827,260
    -
    $1,720,800
    $3,106,460
    $4,827,260

    Comparable in this City

    • Value Estimation
      $3,055,000
      12,990 SF

      18310 Pnes Blvd

      RETAIL STORES (PERSONAL SERVICES)
      18310 Pnes Blvd, Pembroke Pines, FL 33029-1412
      View Details
    • Value Estimation
      $3,045,000
      13,132 SF

      17201 Pnes Blvd

      RETAIL STORES (PERSONAL SERVICES)
      17201 Pnes Blvd, Pembroke Pines, FL 33029-1506
      View Details
    • Value Estimation
      $5,040,000
      21,062 SF

      17503 Pnes Blvd, Unit 17539

      RETAIL STORES (PERSONAL SERVICES)
      17503 Pnes Blvd, Pembroke Pines, FL 33029-1519
      View Details
    • Value Estimation
      $3,595,000
      18,345 SF

      18451 Pnes Blvd, Unit 18475

      RETAIL STORES (PERSONAL SERVICES)
      18451 Pnes Blvd, Pembroke Pines, FL 33029-1415
      View Details
    • Value Estimation by Request
      3,817 SF

      18395 Pnes Blvd

      FINANCIAL BUILDING
      18395 Pnes Blvd, Pembroke Pines, FL 33029-1421
      View Details
    • Value Estimation
      $2,420,000
      57,402 SF

      18445 Pnes Blvd

      GYM, HEALTH SPA
      18445 Pnes Blvd, Pembroke Pines, FL 33029-1415
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,752 SF

      New 20-Year NNN Lease

      20-year NNN lease with corporate guarantee by El Car Washes.
      181 NW 180Th Ave, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Wells Fargo Bank Branch

      Single-tenant, net-leased Wells Fargo Bank branch in Miramar, Florida.
      18499 Miramar Pkwy, Miramar, FL 33029
      View Details
    • Contact for pricing

      Executive Office Suites at Enclave

      Modern office suites with flexible layouts and comprehensive amenities.
      18501 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Pembroke Pines Church Opportunity

      Church facility available for ministry expansion in Pembroke Pines, FL.
      21011 Johnson St, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Versatile Flex Space For Sale

      Adaptable warehouse/office space with excellent access to major highways.
      20871 Johnson St, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Executive Office Suites For Sale

      Modern office suites with flexible layouts and comprehensive amenities.
      18501 Pines Blvd, Pembroke Pines, FL 33029
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,050 SF

      Retail Space on Pines Boulevard

      Retail space available in Pembroke Pines, Florida.
      18203-18283 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Retail Space on Pines Boulevard

      Retail space available in a rapidly growing, affluent area.
      18201-18391 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      New Retail Development on Pines

      New retail development along Pines Boulevard in Broward County.
      18820 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Pembroke Pines Executive Suites

      Modern office space, furnished options.
      18503 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • Contact for pricing

      Executive Suite Available For Lease

      Executive suite for lease in a quiet, modern building.
      18503 Pines Blvd, Pembroke Pines, FL 33029
      View Details
    • $3,200 /Mo

      Medical Office Space For Rent

      Medical office space available in Pembroke Pines, FL.
      18044 NW 6Th St, Pembroke Pines, FL 33029
      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.
    18410 Pnes Blvd
    Pembroke Pines, FL 33029-1401
    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
    18410 Pnes Blvd, Pembroke Pines, FL, 33029
    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!