Property profile

2122 60th Ter Miramar, FL 33023

OFF-MARKET
Warehouses
Property ID
US18-0250059
3,608 SF 0.12 ac lot Built 1965
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,283 square foot free-standing flex-space warehouse presents a remarkable investment opportunity in Miramar, Florida. Situated on a 0.25-acre lot (10,796 square feet), this property boasts four individual bays, each approximately 1,800 square feet, offering significant flexibility for various business needs. A comprehensive renovation in 2021 included a new roof, installation of high-impact, single aluminum doors, upgraded electrical panels, a repaved parking lot, and fresh exterior paint. The warehouse features robust 3-phase power and 12-foot ceilings, ensuring ample capacity for diverse operations. Each bay includes a convenient roll-up street-level door and pre-existing office spaces. The entire building is fully air-conditioned, providing a comfortable and productive work environment. Its strategic location in Miramar offers unparalleled access to major transportation arteries, with proximity to both the Florida Turnpike and I-95, facilitating seamless logistics and distribution. The property comprises two parcels, identified by folios 514124010312 and 514124010311. This turnkey warehouse is ready for immediate occupancy and represents a compelling opportunity for businesses seeking a well-maintained, strategically located industrial space. The asking price is $2,300,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1965
Construction CONCRETE
Total area 3,608 SF
Lot 0.12 ac (5,398 SF)
Zoning code SD
APN 51-41-24-01-0312
UPID US18-0250059

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
  • Auto Repair Shop
  • Furniture & Home Goods
  • Hardware & Home Improvement HVAC Service

Location

2122 60th Ter Miramar, FL 33023-2934
Miramar metro Census 91500 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.73M

Owner & transaction history

since 2022
Last sale
$1.8M
5 recorded transactions
2022
$1.8M
2021
$675,000
2010
$335,000
2010
$310,000
2004
$500,000

Zoning & alternative use

SD · Miramar, FL
Top alternative use upside
Neighborhood: shopping center $2.4M +135.6%
Auto repair, garage $2.2M +119.9%
Commercial (general) $1.7M +64.4%

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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