Technical
Financial
Distress signals
Property profile

1950 Ocean Dr 3L Hallandale Beach, FL 33009

OFF-MARKET
Investment properties
Property ID
US18-5929930
620 SF Built 1971
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the highly desirable Hemispheres condo complex at 1950 S Ocean Dr, Hallandale Beach, FL 33009. Situated on Ocean Drive, this single-tenant space boasts high visibility and significant foot traffic, ensuring maximum exposure for your business. The 382 square foot unit is part of a thriving community encompassing four buildings with 1,298 residential units, providing a built-in customer base. Amenities within the complex include a law office, two convenience stores, two restaurants, a real estate office, and a snack bar, further enhancing the location's appeal. The property's zoning is RM-25, and its APN is 514226BH0020. Convenient access to major roads and highways ensures easy commutes for employees and clients alike. This is an ideal location for a variety of retail businesses seeking high visibility and a strong customer base in a vibrant coastal community. The property is easily accessible and benefits from excellent signage opportunities. This space presents a unique chance to establish a successful business in a prime Hallandale Beach location. Don't miss this opportunity to secure a retail space in this sought-after complex.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1971
Construction CONCRETE
Total area 620 SF
Zoning code RM-25
APN 51-42-26-BH-0030
UPID US18-5929930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1950 Ocean Dr, Unit 3L Hallandale Beach, FL 33009-5940
Hallandale Beach metro Census 100105 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

RM-25 · Hallandale Beach, FL
General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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