Concrete
For Sale
$225,000
3056 S State Road 7, Miramar, FL 33023
COMMERCIAL - Miramar, FL
Property Size678 SF
Lot Size0.02 Acres
Price / SF$331.86
Days on Market93
Property Features for 3056 S State Road 7
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MH
Parking
4
Parking features
Guest
Security features
Security
Subdivision
3190
Standard status
Active
APN
514125aa0480
Size
678 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DISTRIB-U-MART PLAZA CONDO BLDG 2 UNIT 2-F PER CDO BK/PG: 31925/482
Tax Annual Amount
3186
HOA Fee
$250 Monthly
Legal Description
DISTRIB-U-MART PLAZA CONDO BLDG 2 UNIT 2-F PER CDO BK/PG: 31925/482
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Concrete Block - With Stucco
Listing Agency:
G & E Realty Group, Inc
(754) 223-4216
Listed By:
Itshak M Mor-Yossef · License #3026619
(954) 682-5599
Added: Jun 3
Changed: Aug 4
Last Checked: Sep 3 at 12:06PM
MLS# B26036489
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 678-square-foot warehouse was built in 1974 and features concrete-block construction with stucco and concrete flooring. The property occupies 0.02 acres and includes guest parking.
Located at 3056 S State Road 7 in Miramar, the site has electricity available along with public water and public sewer. MH zoning supports its classification as an industrial warehouse property.
Located at 3056 S State Road 7 in Miramar, the site has electricity available along with public water and public sewer. MH zoning supports its classification as an industrial warehouse property.
Key Highlights
- 678 SF warehouse on 0.02 acres
- MH zoning
- Concrete‑block construction with stucco
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
$9,345
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
4.15%
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%
$186,900
$186.9K
Cap Rate 7%
$133,500
$133.5K
Cap Rate 9%
$103,833
$103.8K
Market Conditions
NOI Build-Up for 678 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
$11.6K $17.16/SF
− Vacancy
−$640 −$0.94/SF
EGI
$11.0K $16.22/SF
− OpEx
−$1.6K −$2.43/SF
NOI
$9.3K $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%
$186,900
Cap Rate 7%
$133,500
Cap Rate 9%
$103,833
Alternative Uses
Best Use
Warehouse
$133.5K
$116.8K – $155.8K
NOI $9,345 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$109.9K
$96.2K – $128.3K
NOI $7,696 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$315.5K
$276.1K – $368.1K
NOI $22,087 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Compact industrial space with concrete construction, public utilities, and MH zoning.
Where is this warehouse located?
The property is located at 3056 S State Road 7 Miramar, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 678 SF warehouse on 0.02 acres; MH zoning; Concrete‑block construction with stucco
