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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Distribution centers
20871 Johnson St 1-101 Pembroke Pines, FL 33029-1918
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0767218
Property summary
AI-generated overview
This single-story, 1-suite warehouse in Pembroke Pines, FL (33029), boasts a prime location with easy access to US-27. Situated at 20871 SW Johnson St #104, this industrial property (APN 513910AA0030) is zoned (PUD) and offers a functional layout perfect for a variety of businesses. The space includes a showroom, a reception area, a kitchenette, and one bathroom. The property features one assigned parking space, plus additional visitor parking. The building's square footage is not currently specified. This is a single-tenant occupancy property, offering a unique opportunity for a business seeking a well-appointed and conveniently located warehouse space. The address is verified as 20871 SW Johnson St #104, Miramar, FL. The property's convenient access to major roadways makes it an attractive option for businesses needing efficient transportation links. This exceptional space combines functionality and a desirable location, making it an ideal choice for a variety of commercial uses.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
CONCRETE
Total area
3,125 SF
Lot
0.07 ac (3,222 SF)
Zoning code
(PUD)
APN
51-39-10-AA-0010
UPID
US18-0767218
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
AI Approach
AI
$820k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$815k
Owner & transaction history
Alvinter Properties LLC · 3 yrs held
Alvinter Properties LLC
since 2022
Last sale
$812,500
5 recorded transactions
Zoning & alternative use
(PUD) · Pembroke Pines, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+26.1%
Retail stores
$1.1M
+25.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pembroke Pines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pembroke Pines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$805,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$870,000
Current use
MEDICAL BUILDING
$1,095,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $813k (Aug 29 2022)
Last sale anchor
$813k
Aug 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,086
Tax year 2023
Assessed value
$663,480
Assessed 2023
Previous assessed
$592,790
+11.9% YoY
Effective rate
1.97%
On assessed value
Assessed land
$66,350
Assessed improvement
$597,130
Land market value
$66,350
Improvement market value
$597,130
Total market value
$663,480
Applied tax rate
2,613.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
3,125 SF
Lot
0.07 ac (3,222 SF)
Zoning code
(PUD)
APN
51-39-10-AA-0010
UPID
US18-0767218
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
(PUD) · Pembroke Pines, FL
Zoning (PUD) · permitted uses
(PUD) · Pembroke Pines, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pembroke Pines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$870,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Alvinter Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
20871 JOHNSON ST STE #101, PEMBROKE PINES, FL 33029-1918
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
—
Alvinter Properties LLC
—
Deed
related
$500,000 · Newtek Bank NA
Sep 13, 2023
—
Alvinter Properties LLC
—
Deed
related
$525,000 · First Horizon Bank
Aug 29, 2022
$812,500
Alvinter Properties LLC
New Horizon United Methodist Church
Special Warranty Deed
—
Mar 10, 2021
—
New Horizon United Methodist Church
Everglades Communityy Church
Quit Claim Deed
related
—
Oct 12, 2020
—
New Horizon United Methodist C
Everglades Community Chorch
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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