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    6400 Pembroke Rd Miramar, FL 33023

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    For Sale
    $1,275,000

    Parking lot and fully leased building with redevelopment potential.

    Lot size:
    0.32 Acres

    Property Features for 6400 Pembroke Rd

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1956

    Source: Perfect Properties of Florida Real Estate Agent Jarrod Gaylis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Investment Property on Pembroke

    This investment property includes a parking lot at 6400 Pembroke Rd and a fully leased building at 6402 Pembroke Road. The property is located on the southwest corner of Pembroke Road, offering exceptional visibility with a daily traffic count of 33,000 vehicles. Situated between 441 and Florida's Turnpike, the location provides convenient access to major highways. The property is fully leased with tenants currently on month-to-month leases, who have expressed interest in extending their leases. This arrangement offers flexibility for immediate cash flow or potential redevelopment. The property generates a net operating income of $81,840 per year. This presents an opportunity for investors seeking a solid cap rate, developers, or end users.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    U-Haul Neighborhood Dealer, A-1-Pro Roofing, Penske Truck Rental

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2155798
    Latitude
    25.9951589

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    FAQs

    What type of property is this?
    Parking lot & garage - Parking lot and fully leased building with redevelopment potential.
    Where is this parking lot & garage located?
    The property is located at 6400 Pembroke Rd Miramar, FL.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: - High Visibility Location: Situated on the SW corner of Pembroke Rd with 33,000 vehicles passing daily.; - Strong Income and Appreciation Potential: Net operating income of $81,840 per year.; - Investment Flexibility: Fully leased with month-to-month tenants, offering immediate cash flow or redevelopment options.
    (305) 790-0199
    Request Owner's contact information
    6400 Pembroke Rd Miramar, FL 33023
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    Miramar, FL 33023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6400 Pembroke Rd Miramar, FL 33023
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