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Property profile & analytics
FOR SALE
Auto shops

621 W Pembroke Rd Hallandale Beach, FL 33009

856 SF 0.15 ac lot Built 1955
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-5321591
Property summary
AI-generated overview

This vacant, 950-square-foot retail lot, located at 621 W Pembroke Rd in Hallandale Beach, Florida (zip code 33009), presents a compelling redevelopment opportunity. Currently configured as a vacant auto repair shop, the property boasts a strategic corner location with two access points and significant frontage on State Road 824, experiencing over 40,000 vehicles daily. Built in 1960, the Class C building offers a substantial chance for renovation or new construction. The property is zoned B-G, making it ideal for a variety of retail uses, including a drive-through option. The asking price is $775,000, translating to $815.79 per square foot. This high-traffic location in Broward County offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a prime retail space in a bustling area. The property's current condition is described as poor, presenting a blank canvas for a modern retail development. The substantial daily traffic count ensures high potential for customer engagement and business success. This is a rare opportunity to acquire a well-positioned retail lot with significant redevelopment potential in a thriving Florida market.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1955
Construction CONCRETE
Total area 856 SF
Lot 0.15 ac (6,660 SF)
Zoning code WEST RAC
APN 51-42-21-24-0051
UPID US18-5321591
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
621 Pembroke Capital LLC · 1 yrs held
621 Pembroke Capital LLC
since 2024
3 recorded transactions
2024
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
WEST RAC · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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