Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    43 Williams Rd West Park, FL 33023

    • Commercial real estate
    • 15,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5372521
    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

    • Commercial real estate

    Property Details for 43 Williams Rd

    Year built
    1954
    Property size
    15,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property at 43 Williams Road in West Park, Florida, presents a compelling development opportunity. Situated on a 15,000 square foot lot in the desirable 33023 zip code, this property is zoned TOC-3 (Transit Oriented Corridor), allowing for a diverse range of residential, commercial, and mixed-use projects. The TOC-3 zoning encourages higher density development, aligning with the city's plan for sustainable growth and improved public transportation access. Built in 1954, this site offers significant potential for redevelopment, capitalizing on the vibrant community and economic growth of Hallandale Beach, a highly sought-after location known for its investment potential. The ample square footage provides flexibility for a substantial project, allowing for creative design and layout to maximize land use. This is an ideal opportunity for developers seeking a prime location with high-density zoning and significant development potential in a thriving South Florida market. The property's location offers easy access to major transportation routes and amenities, further enhancing its appeal and investment value. This is a rare chance to acquire a large parcel in a rapidly growing area. The asking price is $775,000.

    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
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1993174
    Latitude
    25.9837393

    Comparable in this City

    • $7,500,000

      Hollywood Mixed-Use Opportunity

      Two-property portfolio on 17,917 SF lot with mixed-use zoning.
      5832 Washington St, Hollywood, FL 33023
      View Details
    • $7,500,000

      Hollywood Mixed-Use Opportunity

      Two-property portfolio on 17,917 SF lot with mixed-use zoning.
      5821 Dewey St, Hollywood, FL 33023
      View Details
    • $275,000
      729 SF

      Miramar Mixed-Use Investment Opportunity

      High-ROI, Dual-Unit Commercial Property
      3056 State Road 7, Miramar, FL 33023
      View Details
    • $650,000

      Mixed-Use Building in Central Hollywood

      Mixed-use building in a high-traffic area with income potential.
      5621 Pembroke Rd, Hollywood, FL 33023
      View Details
    • Contact for pricing

      Hallandale Beach Blvd Free-Standing Building

      Free-standing building on Hallandale Beach Blvd, suitable for various uses.
      4151 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • $1,100,000
      14,843 SF

      Hollywood Commercial Land - High Traffic

      Prime 14,843 SF commercial lot, high visibility.
      1501 State Road 7, Hollywood, FL 33023
      View Details

    Similar Nearby for Sale

    • $7,500,000

      Hollywood Mixed-Use Opportunity

      Two-property portfolio on 17,917 SF lot with mixed-use zoning.
      5832 Washington St, Hollywood, FL 33023
      View Details
    • $7,500,000

      Hollywood Mixed-Use Opportunity

      Two-property portfolio on 17,917 SF lot with mixed-use zoning.
      5821 Dewey St, Hollywood, FL 33023
      View Details
    • $275,000
      729 SF

      Miramar Mixed-Use Investment Opportunity

      High-ROI, Dual-Unit Commercial Property
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Contact for pricing

      Hallandale Beach Blvd Free-Standing Building

      Free-standing building on Hallandale Beach Blvd, suitable for various uses.
      4151 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • $650,000

      Mixed-Use Building in Central Hollywood

      Mixed-use building in a high-traffic area with income potential.
      5621 Pembroke Rd, Hollywood, FL 33023
      View Details
    • $70,000

      Hollywood Commercial Land & Business

      Pre-owned car dealership, prime location.
      5980 Funston St, Hollywood, FL 33023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      97,160 SF

      Seneca Park Warehouse Space

      Pembroke Park, FL industrial warehouse
      2301 32 Ave, Pembroke Park, FL 33023
      View Details
    • $0.08 SF/Yr
      3,675 SF

      Prime SW Miami Warehouse Space

      Single-Tenant Warehouse, 3,675 SF
      2126 60 Ter, Miramar, FL 33023
      View Details
    • Contact for pricing

      Hallandale Beach Warehouse Space

      Prime Industrial Warehouse, Single Tenant, 30 Days Free Rent!
      4711 Hallandale Bch Blvd, Miramar, FL 33023
      View Details
    • Contact for pricing

      Hallandale Beach Warehouse For Lease

      Prime Industrial Space, Single Tenant
      4711 Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • $2,150 /Mo

      Spacious Miramar Apartment with Parking

      Refreshed 2 bed, 2 bath apartment with parking included.
      6046 SW 40Th St, Hollywood, FL 33023
      View Details
    • $1,500 /Mo

      Free-Standing Building Office/Retail Space

      550 sq ft space for lease in high-traffic location.
      1000 S 56Th Ave, Hollywood, FL 33023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    43 Williams Rd
    West Park, FL 33023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.