West Park, FL
Commercial Real Estate Market Trends & Data

$474 Avg asking sale price
$25 Avg asking lease rate
8,324 SF Avg unit lease size
4,943 SF Avg building size for sale
6.18% Average cap rate

West Park's Demographic Profile

West Park has 3,952 households and a median income of $55,408, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 13,298
# Households 3,952
Median age 37
Median household income $55,408
Avg household size 3.0
Renter-occupied housing units 1,440
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Park, FL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Park $390 5,022 SF 5.56%
Pembroke Park $546 5,022 SF 5.56%
Hallandale Beach $803 1,487 SF 11.01%
North Miami Beach $429 7,276 SF 8.90%
Aventura $826 1,184 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
West Park $589 4,117 SF 7.06%
Pembroke Park $390 5,022 SF 5.56%
North Miami Beach $491 10,015 SF 8.90%
Nearby Retail Markets Avg Cost/SF Typical Size
West Park $547 4,041 SF
Pembroke Park $491 4,269 SF
Hallandale $952 2,104 SF
Hallandale Beach $850 4,940 SF
North Miami Beach $1,018 5,441 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Park $439 6,416 SF 6.83%
Hallandale Beach $381 15,732 SF 6.30%
North Miami Beach $279 12,218 SF 8.90%
Miami Gardens $277 10,534 SF 8.90%

Commercial Properties For Sale in West Park

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

41 William Rd

West Park, FL 33023

  • 2,780 SF Retail Building
  • $1,890,000
For Sale

6142 SW 40th Ct

Miramar, FL 33023

  • 1,502 SF Multifamily
  • 6.74% Cap Rate
  • $479,000
For Sale

2110 SW 60th Way

Miramar, FL 33023

  • 2,639 SF Industrial Building
  • $750,000
For Sale

Pembroke Oaks

Pembroke Park, FL 33023

  • 7.09 AC Lot
  • 1 Commercial Lot
  • $15,750,000
For Sale

5836 Rodman St

Hollywood, FL 33023

  • 3,600 SF Industrial Building
  • 7.06% Cap Rate
  • $2,550,000
For Sale

2591 S state Road 7 West Park FL, 33032

Miramar, FL 33023

  • 0.62 AC Lot
  • 1 Commercial Lot
  • $1,600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether West Park pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
West Park $474 4,943 SF
Pembroke Park $462 17,478 SF
Hallandale $756 2,209 SF
Hallandale Beach $754 3,664 SF
North Miami Beach $457 10,916 SF

Regional Demographic Comparison

This comparison places West Park alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in West Park or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
West Park 13,298 3,952 37 $55,408 3 1,440 -3%
Pembroke Park 9,076 3,592 40 $39,046 3 2,040 7%
Hallandale Beach 51,536 24,564 48 $45,483 2 11,743 5%
North Miami Beach 42,604 15,171 41 $53,592 3 7,909 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in West Park, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in West Park

View All Commercial Real Estate For Sale in West Park
Is West Park a good market for a first-time commercial real estate investor?

West Park offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in West Park?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West Park. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in West Park?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for West Park. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does West Park compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West Park. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for West Park acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West Park, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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