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    Flamingo Rd. & Pne Blvd Miramar, FL 33027
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    Flamingo Rd. & Pne Blvd, Miramar, FL 33027

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    • Lifestyle centers
    • 131,664 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Flamingo Rd. & Pne Blvd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Flamingo Pines, a vibrant shopping center in the heart of Broward County, Florida, presents a unique opportunity for retail businesses seeking high-visibility locations. Situated at the southwest corner of Pines Boulevard and Flamingo Road in Pembroke Pines (zip code 33027), this center enjoys exceptional visibility and accessibility, benefiting from its location across from Pembroke Lakes Mall, one of the busiest intersections in Broward County. The property boasts a total of 131,664 square feet of retail space, with multiple tenancies available. Currently, 13,990 square feet of space is vacant, offering flexible options ranging from a minimum of 1,953 square feet to a maximum contiguous space of 3,266 square feet. Ample parking is provided with 661 spaces to accommodate customers and employees. This thriving retail center is anchored by Publix and serves the rapidly growing West Pembroke Pines area, providing a strong foundation for success. The property's strategic location and established presence within a major regional retail node make it an ideal investment for businesses seeking high traffic and strong consumer demographics. This is a rare opportunity to establish or expand your business in a prime location within a bustling commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.3136
    Latitude
    26.0059

    Comparable in this City

    • Value Estimation
      $41,150,000
      268,645 SF

      15805 Pnes Blvd, Unit 15999

      MINI-MALL
      15805 Pnes Blvd, Pembroke Pines, FL 33027-1203
      View Details
    • Value Estimation
      $18,885,000
      123,044 SF

      17001 Pnes Blvd, Unit 17199

      MINI-MALL
      17001 Pnes Blvd, Pembroke Pines, FL 33027-1089
      View Details
    • Value Estimation
      $12,290,000
      68,394 SF

      15703 Pnes Blvd, Unit 15759

      MINI-MALL
      15703 Pnes Blvd, Pembroke Pines, FL 33027-1206
      View Details
    • Value Estimation
      $15,275,000
      72,256 SF

      17041 Miramar Pkwy, Unit 17173

      MINI-MALL
      17041 Miramar Pkwy, Miramar, FL 33027-4564
      View Details
    • Value Estimation
      $17,510,000
      98,304 SF

      14802 Pnes Blvd, Unit 14956

      MINI-MALL
      14802 Pnes Blvd, Pembroke Pines, FL 33027-1222
      View Details
    • Value Estimation
      $19,260,000
      132,360 SF

      100 Flamingo Rd, Unit 352

      MINI-MALL
      100 Flamingo Rd, Pembroke Pines, FL 33027-1720
      View Details

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      Retail/Restaurant Space For Lease

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      Retail Space in Flamingo Pines

      Publix-anchored shopping center with available retail spaces.
      100-352 S Flamingo Rd, Pembroke Pines, FL 33027
      View Details
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      2,000 SF

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      1,400 SF

      Retail Space in Pembroke Pines

      Shadow-anchored shopping center space for lease in Pembroke Pines, FL.
      12542-12578 Pines Blvd, Pembroke Pines, FL 33027
      View Details
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    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
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