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    Property profile & analytics

    5232 Pembroke Rd Hollywood, FL 33021

    • Retail space
    • 2,624 SF
    • 0.17 lot acres
    For Sale
    View listing
    $999,000
    Last Sale
    May 02, 2023
    $340,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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

      Method
      Estimation
      Statistic approach
      $310,000
      ML approach
      $300,000

    Get a detailed, property-specific valuation — 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

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      RETAIL STORES (PERSONAL SERVICES) • 6,759 SF
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    • Value Estimation
      $590,000
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      4517 Hollywood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,683 SF
      4517 Hollywood Blvd, Hollywood, FL 33021-6611
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    • Value Estimation
      $55,000
      2,700 SF

      4308 Pembroke Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      4308 Pembroke Rd, Hollywood, FL 33021-8131
      View Details
    • Value Estimation
      $410,000
      5,363 SF

      1513 State Rd 7th 7

      RETAIL STORES (PERSONAL SERVICES) • 5,363 SF
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    • Value Estimation
      $565,000
      17,490 SF

      5800 Stirling Rd, Unit 5846

      RETAIL STORES (PERSONAL SERVICES) • 17,490 SF
      5800 Stirling Rd, Hollywood, FL 33021-1527
      View Details
    • Value Estimation
      $580,000
      6,078 SF

      4322 Hollywood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,078 SF
      4322 Hollywood Blvd, Hollywood, FL 33021-6638
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Drive-Thru Convenience Store Opportunity

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    Similar Nearby for Lease

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      4,777 SF

      Retail Space in Sheridan Plaza

      Retail space available in a high-traffic shopping center.
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      Retail Space Available For Rent

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      View Details
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      Retail Space in Hollywood, FL

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      View Details
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    Hollywood, FL 33021
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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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