2099 Park Rd Hallandale Beach, FL 33009-2015
Property profile & analytics
2099 Park Rd, Hallandale Beach, FL 33009-2015
- Manufacturing properties
- 16,900 SF
- 0.65 lot acres
Property ID
US18-5105145
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.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 2099 Park Rd
- Year built
- 1964
- Construction
- CONCRETE
- Lot size
- 0.65 lot acres
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 51-42-20-03-0040
- APU
- 514220030040
Description
This ±17,000-square-foot industrial warehouse, situated on 0.65 acres in Pembroke Park, Florida, presents a compelling investment opportunity. Located at 2099 S Park Road, this single-tenant property boasts prime accessibility with easy Interstate 95 access. Currently leased at a below-market rate to Evolution Distro, the lease expires August 31, 2025, offering significant upside potential for investors. The property features four loading docks (three dock-high, one grade-level), 16,900 square feet of net rentable space, and approximately 7,500 square feet of industrial outdoor storage (IOS). The building includes recently renovated first and second-floor offices, completed in 2023, and a newly installed 5-ton air conditioning system. With 18-foot ceiling heights, this warehouse is well-suited for a variety of industrial uses. The current NOI is $248,434, with a pro-forma NOI of $304,200, reflecting a pro-forma cap rate of 5.81%. The asking price is $5,239,000, representing a 4.74% cap rate based on current NOI. The property's strategic location and potential for rent increases make it an attractive option for both investors seeking strong returns and owner-users requiring significant space. Built in 1964, this property offers a blend of established infrastructure and significant upside potential. The property is conveniently located south of West Pembroke Road, north of Hallandale Beach Boulevard, and west of I-95.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,175,000
- ML approach
- $2,290,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,040,000
- 6.5%
- $2,805,000
- 7%
- $2,605,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,339,000
Market price range: $606k - $3.82M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1706
- Latitude
- 25.9924
- 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
$42,780
$198,730
$1,782,990
$1,981,720
-
$198,730
$1,782,990
$1,981,720
