Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2631 State Rd 7th 7 West Park, FL 33023-4101

    • Drive through restaurants
    • 4,295 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4057473
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2631 State Rd 7th 7

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.63 lot acres
    Property size
    4,295 SF
    Zone code
    TOC
    Property type
    Drive through restaurants
    APN
    51-41-25-02-0820
    APU
    514125020820

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $959,000
      Market price range: $539k - $1.01M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.2061
    Latitude
    25.986
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,104
    $226,810
    $1,311,670
    $1,538,480
    -
    $226,810
    $1,311,670
    $1,538,480

    Comparable in this City

    • Value Estimation
      $590,000
      3,021 SF

      3650 Utopia Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,021 SF
      3650 Utopia Dr, Miramar, FL 33023-6443
      View Details
    • Value Estimation by Request
      895 SF

      6520 Pembroke Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 895 SF
      6520 Pembroke Rd, Miramar, FL 33023-2140
      View Details
    • Value Estimation by Request
      2,312 SF

      5712 Hallandale Bch Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,312 SF
      5712 Hallandale Bch Blvd, West Park, FL 33023-5242
      View Details
    • Value Estimation
      $1,205,000
      1,266 SF

      3700 State Rd 7th 7

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,266 SF
      3700 State Rd 7th 7, Miramar, FL 33023-6158
      View Details
    • Value Estimation
      $695,000
      3,377 SF

      3750 Utopia Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,377 SF
      3750 Utopia Dr, Miramar, FL 33023-6442
      View Details
    • Value Estimation by Request
      1,134 SF

      2408 State Rd 7th 7

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,134 SF
      2408 State Rd 7th 7, Miramar, FL 33023-4059
      View Details

    Similar Nearby for Sale

    • $699,000
      2,200 SF

      Hollywood Retail Investment Opportunity

      Freestanding Retail Building, High Traffic Area
      5725 Pembroke Rd, Hollywood, FL 33023
      View Details
    • $150,000

      Restaurant Opportunity in Pembroke Pines

      Restaurant for sale in exclusive Pembroke Pines shopping center.
      7996 Pines Blvd, Hollywood, FL 33023
      View Details
    • $1,750,000
      Pending

      Restaurant on Hallandale Beach Blvd

      Freestanding restaurant on a corner lot with high traffic.
      5590 W Hallandale Beach Blvd, Pembroke Park, FL 33023
      View Details
    • $4,300,000
      8,917 SF

      Pembroke Park Retail Plaza

      High-Yield Retail Investment, 7 Units
      4250 Hallandale Bch Blvd, Pembroke Park, FL 33023
      View Details
    • $1,800,000
      0.22 Acres

      Restaurant Building on Two Lots

      Restaurant building on two lots with redevelopment potential.
      3950 W Hallandale Beach Blvd, Hollywood, FL 33023
      View Details
    • $475,000

      Turnkey Hibachi & Sushi Restaurant

      Profitable Japanese restaurant in prime Broward plaza with high foot traffic.
      Confidential, Pembroke Pines, FL 33023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      750 SF

      Miramar Retail Space with Drive-Thru

      Retail space with drive-thru, high visibility, and convenient access.
      7950-7968 Miramar Pkwy, Miramar, FL 33023
      View Details
    • $35 SF/Yr

      MIRAMAR

      BAR/NIGHTCLUB
      6029 Miramar Pkwy, Miramar, FL 33023
      View Details
    • $10,000 /Mo
      9,374 SF

      Restaurant Building in Hallandale Area

      Restaurant building with full equipment and parking in Hallandale.
      3950 W Hallandale Beach Blvd, Hollywood, FL 33023
      View Details
    • $18 SF/Yr
      840 SF

      Retail Space in Miramar Parkway

      Retail space available in a grocery-anchored shopping center.
      6819-6921 Miramar Pkwy, Miramar, FL 33023
      View Details
    • $3,800 /Mo

      West Park Retail Building For Rent

      Free-standing building near 441, freshly painted, new roof.
      5911 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • $3 SF/Yr
      4,500 SF

      Hollywood Retail Space - 4500 SF

      Prime Hollywood retail space, ample parking.
      5981 Funston St, Hollywood, FL 33023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2631 State Rd 7th 7
    West Park, FL 33023-4101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.