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Property profile & analytics
OFF-MARKET
Drive through restaurants

14900 31st St Miramar, FL 33027-4102

2,756 SF 0.91 ac lot Built 2000
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-4656534
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Colonial Suites INC · 11 yrs held
Colonial Suites INC
since 2014
3 recorded transactions
2014
$7.4M
2002
$600,000
1969
Price N/A
Zoning & alternative use
B2 · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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