4250 Hallandale Bch BlvdPembroke Park, FL 33023

Property Details for 4250 Hallandale Bch Blvd

Year built

2022

Lot size

0.77 AC

Property size (Sq ft)

9,422 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Retail space

APN

51-42-30-09-0590

APU

514230090590

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,986,325

  6.5%

  $3,679,685

  7%

  $3,416,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,183,087

  Geo Method

  $10,183,087

• Alternative Use

  Use

  Valuation

  Residential

  $3,103,952

  Hospitality

  $2,843,203

  Educational

  $2,365,512

  Medical

  $2,446,865

  Retail

  $3,679,685

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

Property Tax & Assessments

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