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
    • Mixed-use properties
    • 729 SF
    • 2.28 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 3056 State Road 7

    Year built
    1974
    Lot size
    2.28 lot acres
    Property size
    729 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use investment property in Miramar, Florida, presents a lucrative opportunity. Located at 3056 S State Road 7 Unit 1JA, this property boasts two separately rented units, each generating approximately $23,000 in net operating income (NOI) annually after expenses. Each unit is currently leased for $2,500 per month, totaling $60,000 in annual rental income. The units, each 729 square feet, can be combined to create a larger 1,478 square foot space. The property sits on a 2.28-acre lot with excellent visibility and accessibility, directly on South State Road 7/441, near the Florida Turnpike and I-95, ensuring high traffic volume and exposure. Low condo association fees of $340 per month per unit cover water, garbage, and common area maintenance. The MH-Transit Oriented Corridor zoning allows for a wide range of commercial uses, including churches, bars and lodges, restaurants, retail stores, and medical/dental offices, providing significant flexibility for future development or tenant diversification. Showings are by appointment only. This property offers a strong return on investment and significant potential for future growth in a prime location. Contact us today to schedule a viewing and explore this compelling investment opportunity.

    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
    -80.2072
    Latitude
    25.983

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      7155-7159 Pembroke Rd

      Lifestyle centers • 14,000 SF
      7155-7159 Pembroke Rd, Pembroke Pines, FL 33023
      View Details
    • Value Estimation by Request
      15,000 SF

      43 Williams Rd

      Mixed-use properties • 15,000 SF
      43 Williams Rd, West Park, FL 33023
      View Details
    • Value Estimation by Request

      3056 State Road 7

      Churches & religious facilities
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Value Estimation by Request
      2,579 SF

      7193-7195 Pembroke Rd

      STORES & APARTMENTS • 2,579 SF
      7193-7195 Pembroke Rd, Pembroke Pines, FL 33023
      View Details
    • Value Estimation by Request
      2,448 SF

      6151 Pembroke Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,448 SF
      6151 Pembroke Rd, Hollywood, FL 33023-2213
      View Details
    • Value Estimation by Request
      1,266 SF

      6453 Pembroke Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,266 SF
      6453 Pembroke Rd, Hollywood, FL 33023-2137
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,917 SF

      Leased Retail Plaza For Sale

      Fully leased retail plaza with high visibility and income potential.
      4250 W Hallandale Beach Blvd, Pembroke Park, FL 33023
      View Details
    • $2,150,000

      Retail/Flex Building Near Turnpike

      Freestanding retail/flex building with income potential near Florida Turnpike.
      6300 Pembroke Rd, Miramar, FL 33023
      View Details
    • $7,500,000

      Hollywood Mixed-Use Opportunity

      Two-property portfolio on 17,917 SF lot with mixed-use zoning.
      5832 Washington St, Hollywood, FL 33023
      View Details
    • $7,500,000

      Hollywood Mixed-Use Opportunity

      Two-property portfolio on 17,917 SF lot with mixed-use zoning.
      5821 Dewey St, Hollywood, FL 33023
      View Details
    • $7,500,000

      Mixed-Use Development Opportunity

      Two-property portfolio suitable for mixed-use development.
      5821 Dewey St, Hollywood, FL 33023
      View Details
    • Contact for pricing
      4,362 SF

      Retail/Flex Building Near Turnpike

      Freestanding retail/flex building with income potential near Florida Turnpike.
      6300 Pembroke Rd, Miramar, FL 33023
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Retail Spaces For Lease

      Retail spaces available in vibrant Hollywood, Florida.
      840 S State Road 7, Hollywood, FL 33023
      View Details
    • 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
    • $6,000 /Mo
      2,191 SF

      Free-Standing Commercial Building For Rent

      Prime commercial building suitable for office or business purposes.
      5738 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • Contact for pricing

      Office Space Near US441

      Second-floor office space available for lease near US441.
      5900 Dewey St, Hollywood, 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!