633 Pembroke RdHallandale Beach, FL 33009

Property Details for 633 Pembroke Rd

Year built

2014

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

8,254 SF

Zone code

WEST RAC

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,340,947

  6.5%

  $4,007,028

  7%

  $3,720,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,920,738

  Geo Method

  $8,920,738

• Alternative Use

  Use

  Valuation

  Residential

  $3,380,078

  Hospitality

  $3,096,134

  Educational

  $2,575,947

  Medical

  $2,664,538

  Retail

  $4,007,028

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9961

Longitude

-80.1564

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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