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    3192 Hallandale Bch Blvd Hallandale, FL 33009-5164
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    Property profile & analytics

    3192 Hallandale Bch Blvd, Hallandale, FL 33009-5164

    View on Map
    • Retail space
    • 9,402 SF
    • 0.78 lot acres
    Off-Market
    Last Sale Oct 12, 2021
    $1,250,000
    Property ID
    US18-6097276
    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
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3192 Hallandale Bch Blvd

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    0.78 lot acres
    Zone code
    B-1
    Property type
    Retail space
    APN
    51-42-29-07-0020
    APU
    514229070020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 12, 2021 — 31924 W Hallandale LLC Murray Family Associates LP Quit Claim Deed · related —
    Sep 14, 2021 — Douglas Gardens Holding Corp Douglas Gardens Acquisition INC Correction Deed · related —
    Dec 21, 2010 $1,250,000 Jewish Charity Trust LLC Hallandale Holdings LLC Grant Deed —
    Feb 6, 1998 $625,000 Hallandale Holdings INC Park Square Associates Grant Deed · related —

    Description

    This exceptional 22,250 square-foot retail building, situated at 3192-3194 W Hallandale Beach Blvd in Hallandale Beach, Florida, presents a unique investment opportunity. Originally constructed in 1978 and extensively renovated in 2021, the property boasts a prime location with 553 feet of frontage on the bustling Hallandale Beach Boulevard, ensuring excellent visibility and accessibility. The single-story building features a desirable mix of in-line and freestanding retail spaces, currently offering one available unit of 1,700 square feet. Tenants and customers benefit from ample parking with 90 spaces, a convenient loading dock, and attractive 10-12 foot clear heights. The property's 1.69 acres also include a tranquil garden area overlooking a picturesque lake, adding to its appeal. Zoned B-1, this property is ideally suited for a variety of retail uses and is surrounded by established residential neighborhoods, providing a strong customer base. This is a rare opportunity to acquire a well-maintained, high-visibility retail center in a thriving Broward County location. The property's recent renovations and desirable features make it an attractive investment for both owner-occupiers and investors seeking a strong return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,380,000
      ML approach
      $1,365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale
    County
    Broward
    State
    Florida
    Longitude
    -80.1728
    Latitude
    25.9844
    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
    $25,646
    $373,250
    $814,750
    $1,188,000
    -
    $373,250
    $814,750
    $1,188,000

    Comparable in this City

    • Value Estimation
      $2,900,000
      19,834 SF

      383 2nd Ave

      RETAIL STORES (PERSONAL SERVICES)
      383 2nd Ave, Hallandale Beach, FL 33009-4209
      View Details
    • Value Estimation
      $4,630,000
      29,906 SF

      2050 30th Ave

      RETAIL STORES (PERSONAL SERVICES)
      2050 30th Ave, Hallandale, FL 33009-2006
      View Details
    • Value Estimation
      $2,715,000
      18,990 SF

      2930 30th Ave

      RETAIL STORES (PERSONAL SERVICES)
      2930 30th Ave, Hallandale, FL 33009-5142
      View Details
    • Value Estimation
      $1,910,000
      10,680 SF

      701 Hallandale Bch Blvd

      RETAIL STORES (PERSONAL SERVICES)
      701 Hallandale Bch Blvd, Hallandale Beach, FL 33009-5327
      View Details
    • Value Estimation
      $1,540,000
      9,929 SF

      128-142 1st Ave

      RETAIL STORES (PERSONAL SERVICES)
      128-142 1st Ave, Hallandale Beach, FL 33009
      View Details
    • Value Estimation
      $985,000
      5,205 SF

      124 1st Ave

      RETAIL STORES (PERSONAL SERVICES)
      124 1st Ave, Hallandale Beach, FL 33009-4204
      View Details

    Similar Nearby for Lease

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      Retail end-cap spaces with high traffic and easy access.
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      25,000 SF

      Hallandale Beach Retail Space Available

      Retail space centrally located near Aventura, Hallandale Beach, Hollywood.
      801 E Hallandale Beach Blvd, Hallandale Beach, FL 33009
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    • 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
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      9,962 SF

      Hallandale Shopping Center Retail Space

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    Hallandale, FL 33009-5164
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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.

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