3056 S State Road 7 #2f, Miramar, FL 33023
For Sale
$225,000
The property carries an MH zoning designation.
Property Size678 SF
Price / SF$331.86
Days on Market163
Property Features for 3056 S State Road 7 #2f
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
G & E Realty Group, Inc
(754) 223-4216
Listed By:
Itshak M Mor-Yossef · License FL #3026619
(954) 682-5599
Source:
Irgofflorida
Added: Jun 3
Changed: Nov 11
Last Checked: Nov 11 at 7:54PM
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 G & E Realty Group, Inc
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Investment Insights
Based on property information with market context.
This warehouse property at 3056 S State Road 7 #2f was built in 1974 and is designated MH for zoning. Its industrial asset classification and recorded zoning provide the available physical and land-use details for the property.
Key Highlights
- Built in 1974
- MH zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,345
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,954
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
$344,500
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Broward County, FL
Properties on Market for Warehouses in Broward County
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The property carries an MH zoning designation.
Where is this warehouse located?
The property is located at 3056 S State Road 7 #2f 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: Built in 1974; MH zoning
