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

    602 Federal Hwy Dania Beach, FL 33004-4110

    • Grocery and convenience stores
    • 2,638 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5589745
    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

    • Bitcoin ATM Dania Beach-Cryptobase / Atm
    • Smoke Unlimited / (Bike/Boat/Book/etc) Store
    • ATM / Atm
    • CryptoNite Bitcoin ATM Dania Beach / Atm
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 602 Federal Hwy

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    2,638 SF
    Zone code
    SFED-MU
    Property type
    Grocery and convenience stores
    APN
    51-42-03-06-0120
    APU
    514203060120

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,041,000
      Market price range: $592k - $1.48M
      AI Estimate
      $596,000
      Market price range: $368k - $937k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dania Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1437
    Latitude
    26.0422
    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
    $0.00
    $213,830
    $328,900
    $542,730
    -
    $213,830
    $328,900
    $542,730

    Comparable in this City

    • Value Estimation
      $1,280,000
      1,439 SF

      501 Stirling Rd

      CONVENIENCE STORE • 1,439 SF
      501 Stirling Rd, Dania Beach, FL 33004-4915
      View Details
    • Value Estimation by Request
      3,212 SF

      790 1st St

      CONVENIENCE STORE • 3,212 SF
      790 1st St, Dania Beach, FL 33004-3270
      View Details
    • Value Estimation by Request
      1,643 SF

      45 5th Ave

      CONVENIENCE STORE • 1,643 SF
      45 5th Ave, Dania Beach, FL 33004-3263
      View Details
    • Value Estimation
      $4,560,000
      22,428 SF

      700 Stirling Rd

      GROCERY, SUPERMARKET • 22,428 SF
      700 Stirling Rd, Dania Beach, FL 33004-3597
      View Details
    • Value Estimation
      $1,205,000
      1,623 SF

      530 Stirling Rd

      CONVENIENCE STORE • 1,623 SF
      530 Stirling Rd, Dania Beach, FL 33004-3532
      View Details
    • Value Estimation
      $785,000
      2,358 SF

      205 Dania Bch Blvd

      CONVENIENCE STORE • 2,358 SF
      205 Dania Bch Blvd, Dania Beach, FL 33004-3022
      View Details

    Similar Nearby for Sale

    • $950,000
      2,021 SF

      Dania Beach Commercial Gem

      Prime Retail/Office Space, $950K
      115 1St Ct, Dania Beach, FL 33004
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    • $1,149,000
      0.25 Acres

      Dania Beach Commercial Property For Sale

      Recently renovated commercial building with development potential in Dania Beach.
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      Versatile Space Near Major Highways

      3,618 SF space on 0.22-acre lot, zoned NBHD-MU.
      1000 Phippen Waiters Rd, Dania Beach, FL 33004
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    • $1,300,000
      0.12 Acres

      Retail/Office Opportunity Near 101 Dania

      Retail, medical, or office space near upcoming residential development.
      121 SW 1St Ct, Dania, FL 33004
      View Details
    • Contact for pricing

      Retail Space on US-1

      Retail space on US-1 in Dania Beach for sale.
      17 S Federal Hwy, Dania Beach, FL 33004
      View Details
    • $3,800,000
      0.11 Acres

      Prime Dania Beach Investment Opportunity

      Two properties on US 1, collect rents, future development potential.
      13 N Federal Hwy, Dania Beach, FL 33004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,050 SF

      Retail Space Near Dania Beach

      Retail spaces available near Federal Highway and Dania Beach Casino.
      308-370 E Dania Beach Blvd, Dania, FL 33004
      View Details
    • $33 SF/Yr
      1,994 SF

      Retail Space with Open Floorplan

      Retail suites with open floor plans and 24-hour access.
      1249 Stirling Rd, Dania Beach, FL 33004
      View Details
    • $11,000 /Mo
      3,250 SF

      Retail Space in Dania Beach

      Retail location in thriving Dania Beach area with flexible space.
      101 NW 1St Ave, Dania, FL 33004
      View Details
    • $11,000 /Mo
      5,249 SF

      Retail Space in Dania Beach

      Retail location in thriving Dania Beach with flexible, open space.
      101 NE 1St St, Dania Beach, FL 33004
      View Details
    • $2,800 /Mo

      Retail Storefront on US1 Available

      750 SF retail space for rent on US1.
      212 N Federal Hwy, Dania Beach, FL 33004
      View Details
    • Contact for pricing
      1,369 SF

      Retail Space in Luxury Development

      Ground floor retail space in a new luxury development.
      4 N Federal Hwy, Dania Beach, FL 33004
      View Details
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    602 Federal Hwy
    Dania Beach, FL 33004-4110
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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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