Retail/Flex Building Near
For Sale
$2,150,000
6300 Pembroke Rd, Miramar, FL 33023
Freestanding retail/flex building with income potential near Florida Turnpike.
Property Size4,362 SF
Lot Size0.28 Acres
Price / SF$492.89
Days on Market1034
Property Features for 6300 Pembroke Rd
General Information
Standard status
Active
Size
4,362 SF
Lot size
0.28 Acres
Property subtype
Flex Space
Taxes and HOA fees
Annual Taxes
$6,849
Building Details
Building Size
4,362 SF
Year Built
1965
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Relinkre
Added: Dec 7, 2023
Changed: Sep 28
Last Checked: Oct 5 at 9:50PM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
The subject property is a freestanding retail/flex building with 4,362 square feet of space on a 12,346 square foot lot. Located near the Florida Turnpike and SR 7/441, this property offers ongoing renovations with income potential. Upgrades include hurricane-resistant windows and doors, fresh paint, and a remodeled staircase. The building features a concrete roof and may be raised by two additional floors. The downstairs unit is currently leased to four tenants configured as church space, generating immediate income. All tenants are month-to-month and can vacate, making this property ideal for an owner-user or investor.
Key Highlights
- Freestanding retail/flex building with income potential
- Strategic location near Florida Turnpike and SR 7/441
- Immediate income from downstairs unit leased to four tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,504
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,080
$1.2M
Cap Rate 7%
$878,629
$878.6K
Cap Rate 9%
$683,378
$683.4K
Market Conditions
NOI Build-Up for 4,362 SF
Gross rent
$104.7K $24.00/SF
− Vacancy
−$6.3K −$1.44/SF
EGI
$98.4K $22.56/SF
− OpEx
−$36.9K −$8.46/SF
NOI
$61.5K $14.10/SF
Area
Miramar, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,080
Cap Rate 7%
$878,629
Cap Rate 9%
$683,378
Alternative Uses
Best Use
Mixed Use
$878.6K
$768.8K – $1.03M
NOI $61,504 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,097 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,815
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding retail/flex building with income potential near Florida Turnpike.
Where is this mixed-use property located?
The property is located at 6300 Pembroke Rd Miramar, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Freestanding retail/flex building with income potential; Strategic location near Florida Turnpike and SR 7/441; Immediate income from downstairs unit leased to four tenants
