This 8,917 square foot, single-story commercial building, completed in 2021, offers multiple office suites for lease in a vibrant Hallandale Beach location. Situated on Hallandale Beach Boulevard, west of I-95, this property boasts high visibility and easy access to numerous amenities. The building features hurricane impact windows and ample parking (37 spaces). Currently, two suites are available: a 701 sq ft unit with one bathroom and separate front and back doors, and a larger 1971 sq ft unit with two bathrooms and separate front and back doors. Both units offer versatile open floor plans. Lease terms are 3-6 years. Tenants are responsible for utilities, interior insurance, permits, and build-outs. CAM charges cover building insurance, exterior electric, lawn care, and management fees. The building is zoned B-1. The property's seven suites are ideal for a variety of office uses, including traditional, executive, creative, and medical practices. Unit #1 (1971 sq ft) is available at $23/sq ft plus $1432 CAM and taxes.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$3,143,620
6.5%
$2,901,810
7%
$2,694,530
Comparable approach
Method
Valuation
Relative Method
$4,202,540
Geo Method
$4,202,540
Alternative Use
Use
Valuation
Industrial / Distribution
$5,704,190
Mixed-Use / Specialty
$2,873,120
Hospitality / Lodging
$2,084,030
Office
$2,836,940
Institutional / Educational
$2,980,330
Residential Income
$3,486,990
Multifamily
$4,283,790
Automotive / Energy
$2,554,570
Parking / Income-Based Land
$899,672
Restaurant / Food Service
$1,455,190
Healthcare / Senior Housing
$2,965,140
Location Insight
City
Pembroke Park
County
Broward
State
Florida
Latitude
25.9841
Longitude
-80.1857
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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