Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3056 State Road 7 Miramar, FL 33023
    Back to Search
    Property profile & analytics

    3056 State Road 7, Miramar, FL 33023

    View on Map
    • Warehouses
    • 668 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3056 State Road 7

    Year built
    1974
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a fully leased industrial property located at 3056 S State Road 7, #2B, in Miramar, Florida. The property consists of two individual warehouse units, each approximately 668 square feet, totaling 1,338 square feet. Both units are designed for efficient warehousing and distribution, featuring convenient street-level access for easy loading and unloading. Built in 1974, this property benefits from its strategic location along a major county corridor within a thriving commercial area, ensuring excellent accessibility and visibility. The property is currently under a modified lease agreement with a single tenant. The asking price is $440,000, representing a compelling 7.00% capitalization rate. This presents a strong return on investment for a buyer seeking a stable, income-producing asset in a prime South Florida location. The property's size and location make it ideal for a variety of industrial uses. This is a rare opportunity to acquire a well-located, fully leased industrial property with significant upside potential. The property is situated in Broward County, Florida, with a zip code of 33023.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2077
    Latitude
    25.9831

    Comparable in this City

    • Value Estimation by Request

      3056 State Road 7

      Distribution properties
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Value Estimation by Request
      222,145 SF

      2500 Commerce Ctr

      Flex space
      2500 Commerce Ctr, Pembroke Park, FL 33023
      View Details
    • Value Estimation by Request
      1,338 SF

      3056 State Road 7

      Distribution properties
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Value Estimation by Request
      667 SF

      3056 State Road 7

      Life science properties
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Value Estimation by Request
      97,160 SF

      2301 32 Ave

      Distribution properties
      2301 32 Ave, Pembroke Park, FL 33023
      View Details
    • Value Estimation by Request

      3190 State Road 7

      Distribution properties
      3190 State Road 7, Miramar, FL 33023
      View Details

    Similar Nearby for Sale

    • New
      $225,000
      678 SF

      Small Industrial Warehouse

      For sale small warehouse with zoning MH, sized for storage, logistics, manufacturing, or distribution use.
      3056 S State Road 7, Miramar, FL 33023
      View Details
    • Contact for pricing
      4,200 SF

      Flex Space with Secure Lot

      4,200 SF flex space with 6,300 SF secure lot.
      5821 Rodman St, Hollywood, FL 33023
      View Details
    • $1,395,000
      Pending

      West Park Industrial Corner Property

      M-1 zoned property with redevelopment potential in central business district.
      2110 SW 58Th Ave, West Park, FL 33023
      View Details
    • $375,000
      Pending

      West Park Commercial Lot

      High-visibility commercial lot in West Park, Florida.
      2301 S State 7 Rd, West Park, FL 33023
      View Details
    • $1,750,000
      0.66 Acres

      West Park Land/Lot Opportunity

      Versatile land/lot suitable for various commercial and residential purposes.
      5421 W Hallandale Beach Blvd, West Park, FL 33023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,630 SF

      Industrial Space with Temperature Control

      Modern industrial space featuring temperature-controlled and cooler/freezer areas.
      2301 Southwest 32Nd Ave, Pembroke Park, FL 33023
      View Details
    • Contact for pricing
      23,390 SF

      Industrial Space in Pembroke Park

      Industrial space available for lease in February 2026.
      3201 Southwest 22Nd St, Fort Lauderdale, FL 33023
      View Details
    • Contact for pricing
      53,116 SF

      Industrial Facility in Seneca Park

      222,145 SF industrial facility with excellent connectivity.
      2500 Commerce Ctr Way, Pembroke Park, FL 33023
      View Details
    • Contact for pricing
      93,052 SF

      New Construction Industrial/Warehouse Space

      New construction industrial/warehouse space available for lease.
      2300 Commerce Ctr Way, Pembroke Park, FL 33023
      View Details
    • Contact for pricing
      1,365 SF

      Miramar Flex Warehouse & Retail

      Flex warehouse and retail space with high traffic exposure.
      3190 S State Road 7, Miramar, FL 33023
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space featuring office, temperature control, and cooler/freezer areas.
      2301 SW 32Nd Ave, Pembroke Park, FL 33023
      View Details
    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.
    3056 State Road 7
    Miramar, FL 33023
    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
    3056 State Road 7, 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!