Retail/Flex Building Near
6300 Pembroke Rd Miramar, FL 33023
For Sale
$2,150,000
Freestanding retail/flex building with income potential near Florida Turnpike.
Property Size4,362 SF
Lot Size0.28 Acres
Price / SF$492.89
Days on Market963
Property Features for 6300 Pembroke Rd
General Information
Standard status
Active
Size
4,362 SF
Lot size
0.28 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1965
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Exitrealty
Added: Dec 7, 2023
Changed: Jul 10
Last Checked: Jul 27 at 6:14AM
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 on two parcels totaling 4,362 square feet of space on a 12,346 square foot lot. The property is located near the Florida Turnpike and SR 7/441. This investment offers ongoing renovations with income potential. Upgrades include hurricane-resistant windows and doors, fresh paint, and a remodeled staircase. The building has 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.
- Opportunity for owner‑user or investor due to month‑to‑month tenants.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.7k | $44.64 |
| − Vacancy | −$5.3k | −$1.21 |
| EGI | $189.5k | $43.43 |
| − OpEx | −$56.8k | −$13.03 |
| NOI | $132.6k | $30.40 |
4,362 SF · lease $44.64/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.89M
$1.66M – $2.21M
NOI $132,624 @ 7.0% cap · market cap 6.17%
Second Best
Mixed Use
$878.6K
$768.8K – $1.03M
NOI $61,504 @ 7.0% cap · market cap 2.86%
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
Property Profile
Location Intelligence
Current Use
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.; Opportunity for owner‑user or investor due to month‑to‑month tenants.
