Single-Story Flex
For Sale
Contact for pricing
2110 SW 60TH WAY, Miramar, FL 33023
The building supports industrial, retail, service, and showroom uses within TOC-SD zoning.
Property Size2,639 SF
Price / SF$284.20
Days on Market13
Property Features for 2110 SW 60TH WAY
General Information
Standard status
Active
Size
2,639 SF
Property subtype
Industrial
Zoning
TOC-SD
Investment Type
Owner/User
Building Details
Year Built
1967
Stories
1
Units
1
Listing Agency:
Rich Commercial Group
(252) 256-1279
Listed By:
Alex Rich · License #FL 3227145
Source:
Crexi
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 8 at 8:07AM
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 Rich Commercial Group
Investment Insights
Based on property information with market context.
This single-story flex space contains 2,639 square feet and was built in 1967. The property occupies a 0.12-acre lot with 52 feet of frontage along SW 60th Way. Its stated use profile includes industrial, retail, service, and showroom applications, providing a versatile format for an owner-user or operating business.
The property is located in Miramar, Florida, within Broward County. Regional access includes Interstate 95 and the Florida Turnpike, while Miami and Fort Lauderdale are identified as nearby employment and customer markets. The surrounding area combines commercial and residential activity, with neighborhood retail and service businesses, airports, regional attractions, and Tri-Rail commuter services noted in the trade area.
The property is located in Miramar, Florida, within Broward County. Regional access includes Interstate 95 and the Florida Turnpike, while Miami and Fort Lauderdale are identified as nearby employment and customer markets. The surrounding area combines commercial and residential activity, with neighborhood retail and service businesses, airports, regional attractions, and Tri-Rail commuter services noted in the trade area.
Key Highlights
- 2,639‑square‑foot single‑story building constructed in 1967
- 0.12‑acre lot with 52 feet of frontage along SW 60th Way
- TOC‑SD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,375
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$727,500
$727.5K
Cap Rate 7%
$519,643
$519.6K
Cap Rate 9%
$404,167
$404.2K
Market Conditions
NOI Build-Up for 2,639 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.3K $17.16/SF
− Vacancy
−$2.5K −$0.94/SF
EGI
$42.8K $16.22/SF
− OpEx
−$6.4K −$2.43/SF
NOI
$36.4K $13.78/SF
Area
Miramar, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$727,500
Cap Rate 7%
$519,643
Cap Rate 9%
$404,167
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,237 @ 7.0% cap · market cap 10.70%
Second Best
Warehouse
$519.6K
$454.7K – $606.3K
NOI $36,375 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,968 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,145
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Daily Chew Catering — 2239 SW 59th Terrace, Hollywood, FL 33023
- YardVybzJamaicaKitchenLLC — 3056 S State Rd 7 Bay 36, Miramar, FL 33023
- ImmaQulit Cuisine Food Truck — 2323 SW 60th Way, Miramar, FL 33023
- Direct Box Lunch Supplier
Frequently Asked Questions
What type of property is this?
Flex space - The building supports industrial, retail, service, and showroom uses within TOC-SD zoning.
Where is this flex space located?
The property is located at 2110 SW 60TH WAY Miramar, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,639‑square‑foot single‑story building constructed in 1967; 0.12‑acre lot with 52 feet of frontage along SW 60th Way; TOC‑SD zoning
