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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Investment properties
409 Hallandale Bch Blvd 425 Hallandale Beach, FL 33009-5301
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-4651915
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1974
Construction
CONCRETE
Total area
25,173 SF
Lot
0.6 ac (26,241 SF)
Zoning code
B-G
APN
51-42-28-02-1560
UPID
US18-4651915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.36M
CAP Approach
CAP
$6.68M
Comparable Approach
Comparable
$5.34M
Blend (final)
Blend
$4.81M
Owner & transaction history
409 Unity LLC · 3 yrs held
409 Unity LLC
since 2022
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
B-G · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hallandale Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallandale Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,745,000
ML approach
$5,360,000
CAP Approach
CAP Return
Estimation
6%
$7,235,000
6.5%
$6,680,000
7%
$6,205,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,085,000
Current use
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±10% · vs last sale $4.80M (Oct 26 2022)
Last sale anchor
$4.80M
Oct 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$86,633
Tax year 2023
Assessed value
$3,552,490
Assessed 2023
Previous assessed
$2,880,800
+23.3% YoY
Effective rate
2.44%
On assessed value
Assessed land
$524,820
Assessed improvement
$3,027,670
Land market value
$524,820
Improvement market value
$3,027,670
Total market value
$3,552,490
Applied tax rate
2,513.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
9
Total area
25,173 SF
Lot
0.6 ac (26,241 SF)
Zoning code
B-G
APN
51-42-28-02-1560
UPID
US18-4651915
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-G · Hallandale Beach, FL
Zoning B-G · permitted uses
B-G · Hallandale Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hallandale Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.1M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
9
Lot
0.6 ac
Current owner
From public records · entity-resolved
409 Unity LLC
Entity
Free & Clear · 3 yrs held
Mailing address
221 W HALLANDALE BCH BLVD #107, HALLANDALE BEACH, FL 33009-5441
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
$4,800,000
409 Unity LLC
409 Hallandale INC
Warranty Deed
—
May 29, 2012
$2,650,000
409 Hallandale INC
Dade Rentals North INC
Grant Deed
—
Mar 16, 2004
$1,750,000
Dade Rentals North INC
Jacks Hill Inv & Dev Corp
Grant Deed
$1,312,500 · First National Bank Florida
May 18, 2001
$1,180,000
Jacks Hill Inv & Dev Corp
Marino,john R & Ann M
Grant Deed
$901,000 · Ann M
—
—
10400 Atlantic INC
—
Deed Of Trust
related
$1,550,000 · Legacy Bk/fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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