633 Pembroke Rd Hallandale Beach, FL 33009
- Retail space
- 8,254 SF
- 0.77 lot acres
Current Use by Public Records
- Retail space
Property Details for 633 Pembroke Rd
- Year built
- 2014
- Construction
- CONCRETE
- Lot size
- 0.77 lot acres
- Property size
- 8,254 SF
- Zone code
- WEST RAC
- Property type
- Retail space
- APN
- 51-42-21-02-0710
- APU
- 514221020710
Description
This exceptional investment opportunity presents a 8,254 square foot freestanding retail building situated on a 33,354 square foot lot in Hallandale Beach, Florida. The property, located at 633 Pembroke Rd, 33009, is currently 100% occupied by a Family Dollar under a Net Lease agreement with 5 years remaining. The building, constructed in 2015, boasts a strong Net Operating Income (NOI) of $206,350, yielding an attractive 5.17% capitalization rate. The property is zoned West RAC (Regional Activity Center), offering potential for future development opportunities. This single-tenant, single-building property represents a compelling investment in a thriving Broward County location, east of I-95. The nearly one-acre site presents significant potential for redevelopment with increased density under the Live Local Act. This is a rare chance to acquire a high-performing asset in a rapidly growing South Florida market. The asking price for this exceptional property is $3,675,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,855,000
- 6.5%
- $2,860,000
- 7%
- $3,315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,380,000
- Geo Method
- $3,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,430,000
- Retail
- $3,260,000
- Mixed-Use
- $2,970,000
- Hospitality
- $2,900,000
- Educational
- $3,535,000
- Residential Income
- $2,940,000
- Energy
- $3,040,000
- Income-Based Land
- $2,630,000
- Food Service
- $3,560,000
Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1564
- Latitude
- 25.9961
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
