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Property profile & analytics
OFF-MARKET
Land

0 Sherman Cir Miramar, FL 33025

Property ID
Property summary
AI-generated overview

This exceptional 26,364 square foot development site in Miramar, Florida, presents a lucrative investment opportunity. Located on N Sherman Cir, in Broward County (zip code 33025), this RM4 zoned land boasts approved plans for the construction of eight upscale townhomes. Each three-story unit encompasses 1,387 square feet of living space, featuring three bedrooms, two and a half bathrooms, and a three-car garage. Adding to the appeal, each townhome includes a 135 square foot balcony and is designed to accommodate short-term rentals, such as Airbnb, capitalizing on the high demand for vacation rentals in this desirable area. The approved plans provide a clear path to development, minimizing pre-construction hurdles and accelerating the return on investment. This prime location in Miramar offers easy access to local amenities and attractions, further enhancing the desirability of these luxury townhomes. The asking price for this exceptional development opportunity is $1,100,000. Don't miss this chance to acquire a high-potential investment property in a thriving Florida market.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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