Miramar Parkway Freestanding Commercial
For Sale
Contact for pricing
6029 Miramar Pkwy, Miramar, FL 33023
Freestanding commercial property with ample parking and drive-thru capability.
Property Size4,053 SF
Lot Size0.60 Acres
Price / SF$3.75
Days on Market188
Property Features for 6029 Miramar Pkwy
General Information
Standard status
Active
Size
4,053 SF
Lot size
0.60 Acres
Property subtype
Commercial
Lease Term
Long Term
Site & Location
Neighborhood
Miramar Isles Crime Watch
Taxes and HOA fees
Annual Taxes
$16,922
Building Details
Building Size
4,053 SF
Year Built
1966
Listed By:
Yuniel De Varona Rodriguez
(786) 222-1373
Source:
Elliman
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 28 at 8:20AM
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 Yuniel De Varona Rodriguez
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Investment Insights
Based on property information with market context.
This freestanding commercial property is located on highly visible Miramar Parkway. The site includes approximately 4,000 square feet of building area on a 26,000 square foot lot, offering ample on-site parking and drive-thru capability. Previously operated as a bar/lounge, the property is well-suited for restaurant, retail, or service-oriented uses. The property features strong frontage and easy access, providing excellent exposure to high daily traffic. The layout is flexible with potential for multiple commercial applications. The location has a walk score of 75, indicating it is very walkable, a bike score of 59, indicating it is bikeable, and a transit score of 38, indicating some transit options are available.
Key Highlights
- Highly visible location on Miramar Parkway with strong frontage and easy access.
- Ample on‑site parking and drive‑thru capability.
- Approximately 4,000 SF building on a 26,000 SF lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,617
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,340
$2.4M
Cap Rate 7%
$1,737,386
$1.7M
Cap Rate 9%
$1,351,300
$1.4M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$178.6K $44.64/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$173.7K $43.43/SF
− OpEx
−$52.1K −$13.03/SF
NOI
$121.6K $30.40/SF
Area
Miramar, FL
Vacancy
2.70%
Lease Rate
$44.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,340
Cap Rate 7%
$1,737,386
Cap Rate 9%
$1,351,300
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,617 @ 7.0% cap · market cap 810.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,304 @ 7.0% cap · market cap 868.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding commercial property with ample parking and drive-thru capability.
Where is this retail space located?
The property is located at 6029 Miramar Pkwy Miramar, FL.
What are key features of this property?
This property features: Highly visible location on Miramar Parkway with strong frontage and easy access.; Ample on‑site parking and drive‑thru capability.; Approximately 4,000 SF building on a 26,000 SF lot.
