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    Property profile & analytics

    2518 Hallandale Bch Blvd Hallandale Beach, FL 33009-4817

    • Medical offices
    • 5,675 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3517522
    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 2518 Hallandale Bch Blvd

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Property size
    5,675 SF
    Zone code
    CCB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    51-42-26-08-0050
    APU
    514226080050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,150,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $540,000
      Market price range: $341k - $1.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1241
    Latitude
    25.9857
    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
    $21,859
    $126,240
    $782,890
    $909,130
    -
    $126,240
    $782,890
    $909,130

    Comparable in this City

    • Value Estimation
      $1,750,000
      9,281 SF

      911 Hallandale Bch Blvd

      MEDICAL BUILDING • 9,281 SF
      911 Hallandale Bch Blvd, Hallandale Beach, FL 33009-4427
      View Details
    • Value Estimation by Request
      713 SF

      700 Hallandale Bch Blvd

      MEDICAL BUILDING • 713 SF
      700 Hallandale Bch Blvd, Hallandale Beach, FL 33009-5333
      View Details
    • Value Estimation by Request
      1,655 SF

      416 Hallandale Bch Blvd

      MEDICAL BUILDING • 1,655 SF
      416 Hallandale Bch Blvd, Hallandale Beach, FL 33009-5529
      View Details
    • Value Estimation
      $3,965,000
      32,308 SF

      1750 Hallandale Bch Blvd, Unit 1780

      MEDICAL BUILDING • 32,308 SF
      1750 Hallandale Bch Blvd, Hallandale Beach, FL 33009-4611
      View Details
    • Value Estimation by Request
      2,237 SF

      328 Hallandale Bch Blvd

      MEDICAL BUILDING • 2,237 SF
      328 Hallandale Bch Blvd, Hallandale Beach, FL 33009-5527
      View Details
    • Value Estimation
      $755,000
      4,875 SF

      815 1st Ave

      MEDICAL BUILDING • 4,875 SF
      815 1st Ave, Hallandale Beach, FL 33009-7102
      View Details

    Similar Nearby for Sale

    • $450,000

      Hallandale Beach Medical Office Building

      Profitable Medical Office in Prime Location
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    • $290,000

      Turnkey Medical Spa in Hallandale

      Fully operational medical spa with equipment and established clientele.
      501 Golden Isles Dr, Hallandale Beach, FL 33009
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    • $3,300,000
      7,358 SF

      Hallandale Beach Medical Office

      Prime location, renovated medical building.
      230 Dixie Hwy, Hallandale Beach, FL 33009
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    • $1,370,060
      2,246 SF

      Hallandale Beach Office Suite 802

      Prime Medical/Executive Office Space
      800 Federal Hwy, Hallandale Beach, FL 33009
      View Details
    • $1,373,110
      2,251 SF

      Hallandale Beach Office Suite 801

      Class A Office, Prime Location
      800 Federal Hwy, Hallandale Beach, FL 33009
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    • $790,000
      3,612 SF

      Hallandale Beach Income Property

      Duplex with strong rental potential in Hallandale Beach, Florida.
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    Similar Nearby for Lease

    • $45 SF/Yr
      201,000 SF

      Atlantic Village: Hallandale Beach

      Class A mixed-use, prime location.
      601 Federal Hwy, Hallandale Beach, FL 33009
      View Details
    • $0.01 SF/Yr
      36,000 SF

      Hallandale Beach Office Suites

      Modern office space, Dixie Hwy corridor.
      500 Dixie Hwy, Hallandale Beach, FL 33009
      View Details
    • $2,000 /Mo

      Turnkey Medical Practice Sublease Opportunity

      Fully operational medical practice sublease with flexible scheduling options.
      0000 E Hallandale Beach Blvd, Golden Isles, FL 33009
      View Details
    • $1.93 SF/Yr
      22,000 SF

      Prime Hallandale Beach Office Space

      8,725 sq ft Executive Office Suite Available
      501 Golden Is Dr, Hallandale Beach, FL 33009
      View Details
    • $35 SF/Yr
      157,833 SF

      Hallandale Beach Office Space Available

      Prime Hallandale Beach medical & office suites.
      2500 Hallandale Bch Blvd, Hallandale Beach, FL 33009
      View Details
    • $38 SF/Yr
      8,756 SF

      Accesso One: Premier Office Space

      Modern Office Suites, Prime Location
      100 Federal Hwy, Hallandale Beach, FL 33009
      View Details
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    Hallandale Beach, FL 33009-4817
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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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