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

    322 6 St Hallandale Beach, FL 33009

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4130468
    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

    • Small apartment buildings

    Property Details for 322 6 St

    Year built
    1954
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a six-unit multifamily property ideally situated at 322 & 326 NE 6th St in Hallandale Beach, Florida, 33009. Built in 1954, this property comprises two single-story buildings, offering a mix of six well-maintained units. The unit configuration includes four one-bedroom, one-bathroom apartments and two studio apartments. Each unit benefits from a separate electric meter, enhancing efficiency and individual tenant control. Further adding to the income potential, the property features on-site coin-operated laundry facilities. Impact windows provide both security and energy efficiency. Ample parking is available with over eight spaces for residents. The property is zoned Central RAC and enjoys a prime location, just off US-1, providing easy access to Gulfstream Park, Aventura Mall, the New Hallandale Shopping Center, and the beautiful beaches. With potential for rental income exceeding $117,000 annually upon market rate adjustments, this property represents a compelling investment opportunity in a thriving South Florida location. The property's strong location and features make it an attractive option for both seasoned investors and those seeking to enter the multifamily market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1444938
    Latitude
    25.9920279

    Comparable in this City

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      Prime Hallandale Beach duplex, two 2/2 units, high rental income.
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    • $329,000

      Waterfront Living in Lake Golden

      Furnished, turnkey waterfront home with ocean access and modern amenities.
      300 Golden Isles Dr, Golden Isles, FL 33009
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    • $319,000

      Water View Corner Unit

      Corner unit with direct water view and storm protection.
      410 Golden Isles Dr, Golden Isles, FL 33009
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    Similar Nearby for Sale

    • $790,000
      2,072 SF

      OCEAN PARK

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      219 7 Ct, Hallandale Beach, FL 33009
      View Details
    • $475,000
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      Hallandale Beach Duplex Investment

      Two-unit apartment building, great ROI.
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    • $529,900

      Hallandale Beach Duplex Investment

      Prime Hallandale Beach Duplex, great rental income.
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    • $719,000
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      Hallandale Beach Duplex Investment

      Prime Hallandale Beach duplex, two 2/2 units, high rental income.
      623 5 St, Hallandale Beach, FL 33009
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    • $329,000

      Waterfront Living in Lake Golden

      Furnished, turnkey waterfront home with ocean access and modern amenities.
      300 Golden Isles Dr, Golden Isles, FL 33009
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    • $319,000

      Water View Corner Unit

      Corner unit with direct water view and storm protection.
      410 Golden Isles Dr, Golden Isles, FL 33009
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    Similar Nearby for Lease

    • $1,100 /Mo

      Hallandale Beach Studio Apartment

      Studio apartment near beach, utilities included, convenient location.
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    • $1,700 /Mo

      Hallandale Beach Apartment For Rent

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    • $1,875 /Mo

      Hallandale Beach Apartment For Rent

      One bedroom, one bath apartment near Aventura Mall and Sunny Isles.
      206 SE 10Th St, Golden Isles, FL 33009
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    • $1,690 /Mo

      Hallandale Beach 2-Bedroom Apartment

      Charming 2-bedroom apartment in Hallandale Beach, near amenities.
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      Hallandale Beach Ground-Floor Apartment

      Spacious, pet-friendly apartment with on-site laundry in Hallandale Beach.
      715 NW 7Th Ave, Golden Isles, FL 33009
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    • $2,199 /Mo

      Hallandale Beach Furnished Apartment

      Furnished 2-bedroom, 1-bath apartment in Hallandale Beach, Florida.
      528 SW 4Th Ave, Golden Isles, FL 33009
      View Details
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    322 6 St
    Hallandale Beach, FL 33009
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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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