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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Warehouses
2126 60th Ter Miramar, FL 33023-2934
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4784650
Property summary
AI-generated overview
This 1,830-square-foot warehouse, part of a larger 7,250-square-foot building, presents a fantastic opportunity in Miramar, FL. Located at 2126 SW 60th Terrace, 33023, this single-tenant space boasts a 12-foot ceiling height, perfect for various industrial uses. The property includes one drive-in door for convenient loading and unloading, and features impact doors and windows for added security. Inside, you'll find 100 square feet of finished office space, providing a comfortable workspace. The warehouse is fully air-conditioned throughout, ensuring a pleasant working environment. The property sits on a 0.25-acre lot (10,796 square feet) and offers two parking spaces. Electrical service includes 200A, 3-phase power. Built in 1965, this Class B building is zoned for light industrial use. Its strategic location provides easy access to the Turnpike and I-95, offering seamless connectivity to Miami-Dade and Broward counties. This turnkey warehouse is ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
CONCRETE
Total area
3,675 SF
Lot
0.12 ac (5,398 SF)
Zoning code
SD
APN
51-41-24-01-0311
UPID
US18-4784650
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
$1.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.73M
Owner & transaction history
Btl Real Estate Holdings LLC · 3 yrs held
Btl Real Estate Holdings LLC
since 2022
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
SD · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+135.6%
Auto repair, garage
$2.3M
+119.9%
Commercial (general)
$1.7M
+64.4%
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 Miramar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
$1,725,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,040,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Change: +136% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,290,000
Change: +120% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,710,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$1,290,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10% · vs last sale $1.85M (Sep 9 2022)
Last sale anchor
$1.85M
Sep 9 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
$469 / 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
$16,546
Tax year 2023
Assessed value
$778,520
Assessed 2023
Previous assessed
$301,260
+158.4% YoY
Effective rate
2.13%
On assessed value
Assessed land
$43,180
Assessed improvement
$735,340
Land market value
$43,180
Improvement market value
$735,340
Total market value
$778,520
Applied tax rate
2,713.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,675 SF
Lot
0.12 ac (5,398 SF)
Zoning code
SD
APN
51-41-24-01-0311
UPID
US18-4784650
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SD · Miramar, FLZoning SD · permitted uses
SD · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1965
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Btl Real Estate Holdings LLC
Entity
Mailing address
2126 SW 60TH TER #1, MIRAMAR, FL 33023-2934
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
Sep 9, 2022
$1,845,000
Btl Real Estate Holdings LLC
2122 2126 Sw 60th Terrace LLC
Warranty Deed
$1,568,250 · Amerant Bank NA
Aug 17, 2021
$675,000
2122 2126 Sw 60th Terrace LLC
Alliances Of Miramar LLC
Warranty Deed
$355,000 · Popular Bank
Aug 13, 2010
$335,000
Alliances Of Miramar LLC
Cort,linda
Warranty Deed
$200,000 · Linda Cort
Jul 12, 2010
$310,000
Linda Cort
Don Bailey Carpets INC
Deed In Lieu Of Foreclosure
—
Jul 24, 2004
$500,000
Don Bailey Carpets INC
Cort,linda
Warranty Deed
$400,000 · Linda Cort
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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