Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5232 Pembroke Rd West Park, FL 33021

    Property Lookup

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

    5232 Pembroke Rd West Park, FL 33021

    View on Map
    • Retail space
    • 2,624 SF
    • 0.17 lot acres
    For Sale
    $899,000
    View Listing →
    Remodeled Commercial/Office Space Available For Sale
    $899,000

    Remodeled Commercial/Office Space Available

    Remodeled commercial/office space near Pembroke Rd/Hollywood area.

    5232 Pembroke Rd, West Park, FL 33021
    View Listing
    Property ID
    US18-0725359
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 5232 Pembroke Rd

    Year built
    1958
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    2,624 SF
    Zone code
    TOC 2
    Property type
    Retail space
    APN
    51-42-19-01-7990
    APU
    514219017990

    Description

    This exceptional retail property, located at 5232 Pembroke Road in West Park, Florida (zip code 33021), presents a unique investment opportunity. The single-story, 1958-built building offers a completely remodeled commercial/office space, ready for immediate occupancy. Situated in the desirable Hollywood area, near Pembroke Road, this property boasts excellent visibility and accessibility. The asking price is $999,000. The building consists of one structure, totaling one story. This turnkey solution allows new owners to customize the space to perfectly suit their business needs, eliminating the need for extensive renovations. Its convenient location offers easy access to major transportation routes and a thriving local community. The property is ideal for a variety of retail uses, providing a solid foundation for business growth. The address is easily accessible and visible from Pembroke Road, ensuring high foot traffic and brand recognition. This is a rare opportunity to acquire a fully renovated retail space in a prime location, ready for immediate income generation. The property is situated in Broward County, Florida, offering a strong market for commercial real estate. This is a fantastic opportunity for investors seeking a profitable and low-maintenance retail investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1959
    Latitude
    25.995
    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
    $6,971
    $67,400
    $221,230
    $288,630
    -
    $67,400
    $221,230
    $288,630

    Comparable in this City

    • Value Estimation
      $1,335,000
      7,898 SF

      4441 Hollywood Blvd, Unit 4449

      RETAIL STORES (PERSONAL SERVICES) • 7,898 SF
      4441 Hollywood Blvd, Hollywood, FL 33021-6609
      View Details
    • Value Estimation
      $4,380,000
      20,849 SF

      5812 Hollywood Blvd, Unit 5836

      RETAIL STORES (PERSONAL SERVICES) • 20,849 SF
      5812 Hollywood Blvd, Hollywood, FL 33021-6316
      View Details
    • Value Estimation
      $1,605,000
      7,039 SF

      4165 State Rd 7th, Unit 4191

      RETAIL STORES (PERSONAL SERVICES) • 7,039 SF
      4165 State Rd 7th, Hollywood, FL 33021-1510
      View Details
    • Value Estimation
      $7,495,000
      36,892 SF

      3599 Hollywood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 36,892 SF
      3599 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Value Estimation
      $1,825,000
      11,779 SF

      4231 Hollywood Blvd, Unit 4309

      RETAIL STORES (PERSONAL SERVICES) • 11,779 SF
      4231 Hollywood Blvd, Hollywood, FL 33021-6632
      View Details
    • Value Estimation
      $965,000
      5,019 SF

      5714 Johnson St

      RETAIL STORES (PERSONAL SERVICES) • 5,019 SF
      5714 Johnson St, Hollywood, FL 33021-5634
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,123 SF

      Hollywood Retail Property For Sale

      Retail property with over 11 years remaining on corporate lease.
      497 S State Road 7, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Remodeled Commercial/Office Space Available

      Remodeled commercial/office space near Pembroke Rd/Hollywood area.
      5232 Pembroke Rd, West Park, FL 33021
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      8,100 SF

      Retail Space with SR 7 Visibility

      Retail spaces available for lease with excellent visibility on SR 7.
      820-860 S State Road 7, Hollywood, FL 33021
      View Details
    • Contact for pricing
      1,390 SF

      Retail Space on Sheridan Street

      Retail space with high visibility and easy access.
      3301-3357 Sheridan St, Hollywood, FL 33021
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Hollywood, FL

      Retail space available with prominent signage and ample parking.
      5812-5836 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing
      800 SF

      Retail Space Available For Rent

      Retail space available for lease in Davie, Florida.
      1863 S State Road 7, Davie, FL 33021
      View Details
    • Contact for pricing
      13,219 SF

      Mixed-Use Retail Space Available

      Retail space in prime mixed-use destination with high foot traffic.
      4801 S State Road 7, Davie, FL 33021
      View Details
    • Contact for pricing
      4,800 SF

      Retail Strip Center in Hollywood

      In-line retail strip center suitable for retail, office, restaurant.
      4201-4221 N State Road 7, Hollywood, FL 33021
      View Details
    View Listing
    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.
    5232 Pembroke Rd
    West Park, FL 33021
    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

    Thank You for Inquiry

    5232 Pembroke Rd, West Park, FL, 33021

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!