Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Miramar Multifamily Value-Add Opportunity Title is generated by Realmo AI

    6124 Pembroke Rd 1-8, Miramar, FL 33023

    View on Map
    Claim this Listing
    For Sale
    $1,400,000

    Eight-unit multifamily property with value-add potential in Miramar, Florida.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 24 at 4:01 pm

    Property Features for 6124 Pembroke Rd 1-8

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Elior Levi
    Elior Levi

    Listing agent Elior Levi License #3574869

    Listing office Fausto Commercial Realty Consultants Inc

    Listing date Apr 24, 2026

    Source Elliman

    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 Fausto Commercial Realty Consultants Inc

    HighLights

    • High‑demand rental corridor location on Pembroke Road, close to major highways and essentials
    • Near‑7% going‑in cap rate with current annual gross income of $140,520
    • Immediate upside potential through rent adjustments due to seven of eight tenants being on month‑to‑month leases
    • Seller financing available with attractive terms
    • Mix of unit types: two 1BD/1BA apartments and six studio units
    • Updated mini‑split A/Cs, several renovated interiors, and on‑site coin laundry room

    Overview

    Located at 6124 Pembroke Road in Miramar, Florida, this multifamily property features eight units, including two 1-bedroom/1-bathroom apartments and six studio units. The property is positioned in a high-demand rental corridor. Seven of the eight tenants are on month-to-month leases, presenting an opportunity for rent adjustments or renovations. The property generates $140,520 in current annual gross income. The property includes updated mini-split A/Cs, several renovated interiors, an on-site coin laundry room, and a large garage for storage with the potential to convert it into a 9th unit. The property is located on Pembroke Road, off 441, and is close to major highways and essentials. The property has a walk score of 60, indicating it is somewhat walkable, a bike score of 45, indicating it is somewhat bikeable, and a transit score of 34, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2106754
    Latitude
    25.9950937

    Nearby Similar for Sale

    • $1,600,000
      3,546 SF

      Miramar Fourplex in Opportunity Zone

      East Miramar fourplex with two buildings on one lot.
      6109 SW 30th Street, Miramar, FL 33023
      View Details
    • $5,100,000
      14,560 SF

      Freestanding Retail Building in Miramar

      14,560 SF retail building on 1.77 acres.
      2499 SW 101st Ave, Miramar, FL 33025
      View Details
    • $1,110,000

      Restaurant Opportunity on Miramar Parkway

      Turnkey restaurant with equipment, license, parking, and patio.
      6330 Miramar Pkwy, Miramar, FL 33023
      View Details
    • $100,000

      Techy Franchise Inside Walmart

      Turnkey Techy franchise specializing in phone repairs and mobile accessories.
      1800 S University Dr, Miramar, FL 33025
      View Details
    • $450,000

      Miramar Retail Space For Sale

      Retail space in a modern plaza, ideal for owner use.
      2301 Palm Ave, Miramar, FL 33025
      View Details
    • $15,000
      4,000 SF

      Miramar Parkway Freestanding Commercial Property

      Freestanding commercial property with ample parking and drive-thru capability.
      6029 Miramar Pkwy, Miramar, FL 33023
      View Details
    • $2,500
      800 SF

      Miramar Retail Suite For Lease

      800 SF retail suite in Miramar, ready for occupancy.
      7150 Pembroke Rd 7168, Miramar, FL 33023
      View Details
    • $125,000
      1,500 SF

      Restaurant Business Opportunity in Miramar

      Ramen/Poke/Bubble Tea shop for sale in busy Miramar shopping center.
      Miramar, FL 33027
      View Details
    • $599,000

      Retail/Restaurant Opportunity

      Retail or restaurant space with equipment and fixtures included.
      6232 Pembroke Rd, Miramar, FL 33023
      View Details
    • $3,750,000

      Fully Occupied Retail Plaza

      Fully occupied retail plaza with stable, long-term tenants.
      4040 SW 69th Ave, Miramar, FL 33023
      View Details
    • $199,000

      Established Restaurant Business Opportunity

      Italian restaurant business for sale in Miramar, Florida.
      Miramar, FL 33027
      View Details
    • $450,000

      Miramar Professional Office Space

      Professional office space in Mirabella Plaza, Miramar, with diverse features.
      2501 Sw 101st Ave Ste 207, MIRAMAR, FL, 33025-5093
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property with value-add potential in Miramar, Florida.
    Where is this apartment building located?
    The property is located at 6124 Pembroke Rd 1-8 Miramar, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: High‑demand rental corridor location on Pembroke Road, close to major highways and essentials; Near‑7% going‑in cap rate with current annual gross income of $140,520; Immediate upside potential through rent adjustments due to seven of eight tenants being on month‑to‑month leases
    (954) 743-7594
    We can help!
    Listing Contact
    Elior Levi
    Elior Levi
    Real Estate License ID: 3574869
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6124 Pembroke Rd 1-8, Miramar, FL 33023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!