2-Unit Mixed-Use
7193 Pembroke Road, Pembroke Pines, FL 33023
For Sale
$1,000,000
The two commercial spaces can accommodate separate occupants or a business using one while leasing the other.
Property Size2,579 SF
Price / SF$387.75
Days on Market10
Property Features for 7193 Pembroke Road
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
David Heinrich · License #3187652
(305) 926-3106
Source:
Lehmannflorida
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 1:48PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
At 7193–7195 Pembroke Road in Pembroke Pines, this 2,579-square-foot mixed-use property contains two separate commercial units. The building dates to 1968 and sits within a neighborhood shopping plaza.
The layout supports separate occupancy, or use of one unit with the other leased to another occupant. The property is positioned along a commercial corridor near major roadways, shopping destinations, and residential neighborhoods. Retail, office, medical, and service-related uses are identified as possibilities, subject to applicable zoning and approvals.
The layout supports separate occupancy, or use of one unit with the other leased to another occupant. The property is positioned along a commercial corridor near major roadways, shopping destinations, and residential neighborhoods. Retail, office, medical, and service-related uses are identified as possibilities, subject to applicable zoning and approvals.
Key Highlights
- Two separate commercial units within a 2,579‑square‑foot property
- Built in 1968
- Located within a neighborhood shopping plaza on Pembroke Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,082
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,640
$841.6K
Cap Rate 7%
$601,171
$601.2K
Cap Rate 9%
$467,578
$467.6K
Market Conditions
NOI Build-Up for 2,579 SF
Gross rent
$65.0K $25.20/SF
− Vacancy
−$4.9K −$1.89/SF
EGI
$60.1K $23.31/SF
− OpEx
−$18.0K −$6.99/SF
NOI
$42.1K $16.32/SF
Area
Pembroke Pines, FL
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,640
Cap Rate 7%
$601,171
Cap Rate 9%
$467,578
Alternative Uses
Best Use
Retail
$601.2K
$526.0K – $701.4K
NOI $42,082 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$584.7K
$511.6K – $682.2K
NOI $40,929 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.10M
$958.5K – $1.28M
NOI $76,677 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
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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
$344,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two commercial spaces can accommodate separate occupants or a business using one while leasing the other.
Where is this mixed-use property located?
The property is located at 7193 Pembroke Road Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two separate commercial units within a 2,579‑square‑foot property; Built in 1968; Located within a neighborhood shopping plaza on Pembroke Road
