Technical
Financial
Distress signals
Property profile

14900 31st St Miramar, FL 33027

OFF-MARKET
Drive through restaurants
Property ID
US18-4656534
2,756 SF 0.91 ac lot Built 2000
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional value-add opportunity presents a vacant, 2,756-square-foot retail building situated on a 0.91-acre lot in Miramar, Florida. Previously occupied by Wendy's until Q4 2023, this single-story, 2000-built structure is located at 14900 SW 31st St, 33027, within the Planned Commercial District. The property benefits from a prime location adjacent to the signalized intersection of Miramar Parkway and SW 148th Street, a major commercial corridor with over 58,700 vehicles passing daily. Its proximity to Interstate 75 (0.3 miles) and the Florida Turnpike (3.5 miles) ensures excellent accessibility. The surrounding area boasts a strong commercial cluster including hotels, office buildings, and medical facilities, creating a substantial workforce and customer base. Furthermore, the property is near Miramar Memorial Hospital and numerous national retailers, including Home Depot, Target, and Publix, driving significant traffic. Densely populated residential neighborhoods within close proximity provide a built-in customer base. The versatile Commercial Business (B2) zoning allows for a wide range of uses, including retail, restaurants, and professional offices. Within a 5-mile radius, there are over 332,300 people with an average household income exceeding $125,000, and over 140,500 employees. This property offers significant potential for redevelopment or repurposing in a thriving commercial area. The high daily traffic counts and strong demographics make this a compelling investment opportunity.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2000
Construction CONCRETE
Total area 2,756 SF
Lot 0.91 ac (39,672 SF)
Zoning code B2
APN 51-40-28-07-0012
UPID US18-4656534

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Restaurant Take-out & Catering

Location

14900 31st St Miramar, FL 33027-4102
Miramar metro Census 110345 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2014
3 recorded transactions
2014
$7.4M
2002
$600,000
1969
Price N/A

Zoning & alternative use

B2 · Miramar, FL
Zoning description

This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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