0 Sherman Cir Miramar, FL 33025
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.