Add Listing
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

    3056 State Rd 71z Miramar, FL 33023-5285

    • Distribution centers
    • 1,929 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2023
    $615,000
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    3.2%
    Distribution centers
    Location Intelligence
    Property ID
    US18-0844048
    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

    • Distribution centers

    Property Details for 3056 State Rd 71z

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    0.04 lot acres
    Property size
    1,929 SF
    Zone code
    MH
    Property type
    Distribution centers
    APN
    51-41-25-AA-0100
    APU
    514125AA0100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $645,000
      ML approach
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $613,000
      Market price range: $350k - $823k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $545,000
      Current use
      COMMERCIAL (GENERAL)
      $900,000
      Change: +64% Conversion: Difficult
      MEDICAL BUILDING
      $675,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $580,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $480,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2072
    Latitude
    25.9831
    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
    $5,950
    $31,580
    $284,230
    $315,810
    -
    $31,580
    $284,230
    $315,810

    Comparable in this City

    • Value Estimation by Request
      186,105 SF

      2300 Commerce Ctr

      Distribution properties • 186,105 SF
      2300 Commerce Ctr, Pembroke Park, FL 33023
      View Details
    • Value Estimation by Request
      696 SF

      3056 State Rd 71s

      DISTRIBUTION WAREHOUSE • 696 SF
      3056 State Rd 71s, Miramar, FL 33023-5285
      View Details
    • Value Estimation by Request
      33,902 SF

      5660-5718 Rodman St

      Distribution properties • 33,902 SF
      5660-5718 Rodman St, Hollywood, FL 33023
      View Details
    • Value Estimation by Request
      2,001 SF

      3056 State Road 7

      Distribution properties • 2,001 SF
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Value Estimation by Request
      154,750 SF

      3801-3899 30Th Ave

      Distribution properties • 154,750 SF
      3801-3899 30Th Ave, Hollywood, FL 33023
      View Details
    • Value Estimation by Request
      739 SF

      3056 State Rd 71ja

      DISTRIBUTION WAREHOUSE • 739 SF
      3056 State Rd 71ja, Miramar, FL 33023-5285
      View Details

    Similar Nearby for Sale

    • $225,000
      0.02 Acres

      Warehouse Opportunity in Hollywood, FL

      Warehouse ideal for storage, logistics, manufacturing, or distribution.
      3056 S State Road 7, Hollywood, FL 33023
      View Details
    • Contact for pricing

      Secured Industrial Space For Sale

      Open industrial space with outdoor storage in prime Hollywood area.
      5659 Plunkett St, Hollywood, FL 33023
      View Details
    • $1,395,000
      2,886 SF

      West Park Industrial Corner Property

      M-1 zoned property with redevelopment potential in a central location.
      2110 SW 58Th Ave, West Park, FL 33023
      View Details
    • $350,000
      4,000 SF

      Printing Business Opportunity in Florida

      Established printing business for sale in South Florida with equipment.
      West Park, FL 33023
      View Details
    • Contact for pricing

      Prime Auto Shop Opportunity

      450 SF auto shop space in thriving Hollywood location.
      5801-5807 Dawson St, Hollywood, FL 33023
      View Details
    • $1,600,000

      Freestanding Industrial Warehouse in Miramar

      Industrial warehouse with fenced lot, suitable for various uses.
      2220 SW 60Th Ter, Hollywood, FL 33023
      View Details

    Similar Nearby for Lease

    • $240 SF/Yr
      5,400 SF

      Hollywood Industrial Space For Lease

      5,400 SF Warehouse/Flex, 10 Parking Spaces
      2324 56 Ter, West Park, FL 33023
      View Details
    • $19 SF/Yr
      3,381 SF

      5755 Funston St

      Distribution properties
      5755 Funston St, Hollywood, FL 33023
      View Details
    • $240 SF/Yr
      5,227 SF

      Hollywood Warehouse - 3,900 SF

      West Park industrial space, ideal for manufacturing.
      2324 56 Ter, West Park, FL 33023
      View Details
    • $26 SF/Yr
      1,069 SF

      West Park Warehouse Condo For Lease

      1,069 SF Industrial Space, Excellent Condition
      2107 57 Ter, West Park, FL 33023
      View Details
    • Contact for pricing
      186,105 SF

      Prologis Seneca Park: Pembroke Park

      Modern Industrial Warehouse Space in Florida
      2300 Commerce Ctr, Pembroke Park, FL 33023
      View Details
    • $0.03 SF/Yr
      12,198 SF

      Hollywood Warehouse: 6,100 SF

      Spacious Hollywood warehouse, fenced, private parking.
      5691 Plunkett 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.
    3056 State Rd 71z
    Miramar, FL 33023-5285
    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.
    Sign Up Successful!
    You now have access to more from Realmo!