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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2540 30th Ave Hallandale, FL 33009-3082

    • Investment properties
    • 11,764 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Jan 25, 2023
    $3,000,000
    Value Estimations
    $3,040,000
    Show details
    Cap Rate Potential
    6.4%
    Investment properties
    Location Intelligence
    Property ID
    US18-5155532
    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

    • Investment properties

    Property Details for 2540 30th Ave

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    0.39 lot acres
    Property size
    11,764 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    51-42-21-01-0120
    APU
    514221010120

    Description

    This Pembroke Park, Florida property offers 11,764 square feet of versatile flex space, ideally suited for a variety of businesses. Located at 2540 SW 30th Ave, this single building boasts six suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 6,000 square feet. Three units are currently available. One unit features 2,000 square feet with 22-foot ceilings, full air conditioning, a private office, private bathroom, and a grade-level roll-up door with a glass storefront. Two additional units each offer 1,500 square feet of showroom/office/warehouse space, complete with full air conditioning, a private bathroom, and a glass storefront. A 3,000 square foot second-floor space provides an open loft layout, panoramic I-95 views, and full air conditioning. Built in 2002, the building features a 24-foot ceiling height throughout. The property's M1 zoning allows for diverse uses, including warehouse, office, showroom, or fitness studio. Its prime location near the Hallandale exit of I-95 ensures excellent visibility and accessibility. The property is situated in Broward County, Florida, with a zip code of 33009. Customization options may be available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,150,000
      ML approach
      $2,945,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,380,000
      6.5%
      $3,120,000
      7%
      $2,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,323,000
      Market price range: $1.96M - $8.90M
      AI Estimate
      $3,036,000
      Market price range: $1.46M - $5.05M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,310,000
      Current use
      MEDICAL BUILDING
      $4,130,000
      Change: +25% Conversion: Easy
      RETAIL STORES
      $4,110,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale
    County
    Broward
    State
    Florida
    Longitude
    -80.1665
    Latitude
    25.9895
    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
    $47,742
    $154,720
    $2,056,860
    $2,211,580
    -
    $154,720
    $2,056,860
    $2,211,580

    Comparable in this City

    • Value Estimation
      $1,410,000
      5,635 SF

      118 1st Ave

      STORE/OFFICE (MIXED USE) • 5,635 SF
      118 1st Ave, Hallandale Beach, FL 33009-4210
      View Details
    • Value Estimation by Request
      7,712 SF

      3129 Hallandale Bch Blvd

      STORE/OFFICE (MIXED USE) • 7,712 SF
      3129 Hallandale Bch Blvd, Hallandale, FL 33009-5121
      View Details
    • Value Estimation
      $6,240,000
      17,364 SF

      701 Federal Hwy

      STORE/OFFICE (MIXED USE) • 17,364 SF
      701 Federal Hwy, Hallandale Beach, FL 33009-2449
      View Details
    • Value Estimation
      $6,095,000
      17,812 SF

      801 Federal Hwy, Unit 821

      STORE/OFFICE (MIXED USE) • 17,812 SF
      801 Federal Hwy, Hallandale Beach, FL 33009-2438
      View Details
    • Value Estimation
      $1,505,000
      3,963 SF

      2500 Hallandale Bch Blvd

      STORE/OFFICE (MIXED USE) • 3,963 SF
      2500 Hallandale Bch Blvd, Hallandale Beach, FL 33009-4834
      View Details
    • Value Estimation
      $2,315,000
      9,243 SF

      400 Dixie Hwy

      STORE/OFFICE (MIXED USE) • 9,243 SF
      400 Dixie Hwy, Hallandale Beach, FL 33009-6396
      View Details

    Similar Nearby for Sale

    • $685,000

      Hallandale Beach Mixed-Use Redevelopment Opportunity

      Income-producing property with redevelopment potential in Hallandale's West RAC zone.
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      Hallandale Beach Commercial Gem

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      Hallandale Beach Commercial Space

      Prime location, brand new, 1670 sq ft.
      1006 Hallandale Bch Blvd, Hallandale Beach, FL 33009
      View Details
    • $1,350,000
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      Hallandale Beach Mixed-Use Opportunity

      Prime Location, Brand New, 1,598 SF
      1006 Hallandale Bch Blvd, Hallandale Beach, FL 33009
      View Details
    • $3,900,000
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      Hallandale Beach Commercial Gem

      Prime Location, Brand New Space
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      View Details
    • $731,500

      Hallandale Beach Class A Office

      Class A office space in a vibrant mixed-use development.
      800 N Federal Hwy, Golden Isles, FL 33009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,981 SF

      New Mixed-Use Retail Space

      Retail space in new mixed-use development, centrally located.
      2002 Pembroke Rd, Hallandale, FL 33009
      View Details
    • $4 SF/Yr
      2,535 SF

      Hallandale Beach Retail Space

      Prime Retail Space, 2,535 sq ft
      139 1 Ave, Hallandale Beach, FL 33009
      View Details
    • $26 SF/Yr
      2,606 SF

      Ansin Blvd Warehouse Sublease

      I-95 Access, 2606 SF Warehouse
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      View Details
    • Contact for pricing

      Oceanfront Hallandale Beach Retail Space

      Prime Ocean Drive Salon Suite Available
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    • Contact for pricing

      Pembroke Park Warehouse For Sale

      8,140 SF Industrial Space, Single Tenant
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      View Details
    • $66 SF/Yr
      407 SF

      Modern Office Space, Hallandale Beach

      430 sq ft, 1 parking space, prime location
      800 4 Ave, Hallandale Beach, FL 33009
      View Details
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    2540 30th Ave
    Hallandale, FL 33009-3082
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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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