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Property profile & analytics
OFF-MARKET
Estimated value
$14,010,000
Office buildings
3120 Executive Way Miramar, FL 33025-4669
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7340864
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
CONCRETE
Total area
36,238 SF
Lot
8.1 ac (352,623 SF)
Zoning code
PID
APN
51-41-30-06-0041
UPID
US18-7340864
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
by Request
CAP Approach
CAP
$11.48M
Comparable Approach
Comparable
$15.86M
Blend (final)
Blend
$14.01M
Owner & transaction history
SUNBEAM DEVELOPMENT CORP
SUNBEAM DEVELOPMENT CORP
Zoning & alternative use
PID · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide a protective zone for campus-like environments that will encourage the development of nonpolluting light industry and compatible uses which support the economic base of the city.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
1,292.67 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$21.3M
+24.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,435,000
6.5%
$11,480,000
7%
$10,660,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,155,000
Current use
AUTO REPAIR, GARAGE
$21,330,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,860,000
Change: -2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$16,650,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$14.01M
Range $12.61M – $15.41M · ±10%
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
$387 / 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
$266,638
Tax year 2023
Assessed value
$12,413,780
Assessed 2023
Previous assessed
$11,795,630
+5.2% YoY
Effective rate
2.15%
On assessed value
Assessed land
$2,556,520
Assessed improvement
$9,857,260
Land market value
$2,556,520
Improvement market value
$9,857,260
Total market value
$12,413,780
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
36,238 SF
Lot
8.1 ac (352,623 SF)
Zoning code
PID
APN
51-41-30-06-0041
UPID
US18-7340864
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Miramar, FLZoning PID · permitted uses
PID · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide a protective zone for campus-like environments that will encourage the development of nonpolluting light industry and compatible uses which support the economic base of the city.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
1,292.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.2M
AUTO REPAIR, GARAGE
Est. value
$21.3M
COMMERCIAL (GENERAL)
Est. value
$16.9M
INDUSTRIAL (GENERAL)
Est. value
$16.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
8.1 ac
Current owner
From public records · entity-resolved
SUNBEAM DEVELOPMENT CORP
Entity
Free & Clear · 0 yrs held
Mailing address
1401 79TH ST CSWY, NORTH BAY VILLAGE, FL 33141-4104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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