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633 Pembroke Rd, Hallandale Beach, FL 33009
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
CONCRETE
Total area
8,254 SF
Lot
0.77 ac (33,354 SF)
Zoning code
WEST RAC
APN
51-42-21-02-0710
UPID
US18-3608221
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
since 2022
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
WEST RAC · Hallandale Beach, FL
Top alternative use upside
Industrial (general)
$3.8M
+31.5%
Medical building
$2.9M
+0.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.56M
Value range
$2.30M – $2.81M
±10% around blend
Estimated value / SF
$310 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$2.30M
blend $2.56M
$2.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,254 SF
Lot area
0.77 ac
Year built
2014
Stories
1
APN
51-42-21-02-0710
Zoning
WEST RAC
Assessed value
$2,077,410
Annual tax
$48,256
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.15M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.33M
@ 6.5% CAP return
$2.15M
@ 7% CAP return
$2.00M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$48,256
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.00M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 8,852 SF
3.9 mi away · 9,652 SF
6.9 mi away · 6,348 SF
8.6 mi away · 10,624 SF
8.8 mi away · 9,027 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.56M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 589 sales
$350
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $310/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+31%
vs current-use indication
Medical Building
Retail Stores · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
5.50%
Selected cap rate for this retail space
Derived from the Hallandale Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.50%
9.0%
NOI (est.)
$140k *
Last sale · Jan 2022
$3.05M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.54M
Move the market yield to see immediate price impact.
Value / SF
$307
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%5.50%6.00%
$126k
$2.51M
$2.28M
$2.09M
$140k
$2.79M
$2.54M
$2.33M
$154k
$3.07M
$2.79M
$2.56M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$4.06M
2.3 mi · Dec 2025 · $402/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$48,256
Tax year 2023
Assessed value
$2,077,410
Assessed 2023
Previous assessed
$1,757,900
+18.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$333,540
Assessed improvement
$1,743,870
Land market value
$333,540
Improvement market value
$1,743,870
Total market value
$2,077,410
Applied tax rate
2,513.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2014
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,254 SF
Lot
0.77 ac (33,354 SF)
Zoning code
WEST RAC
APN
51-42-21-02-0710
UPID
US18-3608221
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
WEST RAC · Hallandale Beach, FLZoning WEST RAC · permitted uses
WEST RAC · Hallandale Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.77 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
WEST RAC
Jurisdiction
Hallandale Beach, FL
Recorded code
WEST RAC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for WEST RAC in Hallandale Beach, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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