Retail/Flex Building Near Turnpike

6300 Pembroke Rd, Miramar, FL 33023

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For Sale

$2,150,000

Freestanding retail/flex building with income potential near Florida Turnpike.

Type:Commercial/Industrial

Property size:

4,362 SF

Lot size:

0.28 Acres

Price / SF:

$492/SF

HighLights

Freestanding retail/flex building with income potential.
Strategic location near Florida Turnpike and SR 7/441.
Opportunity for owner‑user or investor due to month‑to‑month tenants.
Potential to add two additional floors.
Recent upgrades including hurricane‑resistant windows/doors, fresh paint, and remodeled staircase.
Existing income from downstairs unit leased to four tenants.

We can help!

Listing Contact

John DeMarco

For Sale

$2,150,000

Freestanding retail/flex building with income potential near Florida Turnpike.

Type:Commercial/Industrial

Property size:

4,362 SF

Lot size:

0.28 Acres

Price / SF:

$492/SF

Added:: Dec 7, 2023
Days on Market:: 919
Last Refresh:: May 20 at 12:40 am

Property Features for 6300 Pembroke Rd

General Information

Standard status: Active
Size: 4,362 SF
Lot size: 0.28 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1965

We can help!

Listing Contact

John DeMarco

Listing agent John DeMarco License #3134747

Listing office RE/MAX 5 Star Realty

Listing date Dec 7, 2023

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty

HighLights

Freestanding retail/flex building with income potential.
Strategic location near Florida Turnpike and SR 7/441.
Opportunity for owner‑user or investor due to month‑to‑month tenants.
Potential to add two additional floors.
Recent upgrades including hurricane‑resistant windows/doors, fresh paint, and remodeled staircase.
Existing income from downstairs unit leased to four tenants.

Overview

The subject property is a freestanding retail/flex building on two parcels totaling 4,362 square feet of space on a 12,346 square foot lot. The property is located near the Florida Turnpike and SR 7/441. This investment offers ongoing renovations with income potential. Upgrades include hurricane-resistant windows and doors, fresh paint, and a remodeled staircase. The building has a concrete roof and may be raised by two additional floors. The downstairs unit is currently leased to four tenants configured as church space, generating immediate income. All tenants are month-to-month and can vacate, making this property ideal for an owner-user or investor.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$194.7k	$44.64
− Vacancy	−$5.3k	−$1.21
EGI	$189.5k	$43.43
− OpEx	−$56.8k	−$13.03
NOI	$132.6k	$30.40

4,362 SF · lease $44.64/SF/yr · vacancy 2.70% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.89M

$1.66M – $2.21M (±1% cap)

NOI $132,624 @ 7.0% cap · market cap 6.17%

Second Best

Mixed Use

$878.6K

$768.8K – $1.03M (±1% cap)

NOI $61,504 @ 7.0% cap · market cap 2.86%

Theoretical Best

Specialty Retail

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,097 @ 7.0% cap · market cap 6.61%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Miramar
County: Broward
State: Florida
Longitude: -80.2132179
Latitude: 25.9951249

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For sale
Mixed-use properties
FL
Miramar
33023
6300 Pembroke Rd

What type of property is this?

Mixed-use property - Freestanding retail/flex building with income potential near Florida Turnpike.

Where is this mixed-use property located?

The property is located at 6300 Pembroke Rd Miramar, FL.

What is the asking price?

The asking price for this property is $2,150,000.

What are key features of this property?

This property features: Freestanding retail/flex building with income potential.; Strategic location near Florida Turnpike and SR 7/441.; Opportunity for owner‑user or investor due to month‑to‑month tenants.