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 Market1056
Property Features for 6300 Pembroke Rd
General Information
Standard status
Active
Size
4,362 SF
Lot size
0.28 Acres
Property subtype
Flex Space
Site & Location
Neighborhood
Miramar Isles Crime Watch
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: Oct 26
Last Checked: Oct 27 at 1:00AM
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
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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.
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Property Analytics
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Open Analytics
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
