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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3600 Red Rd Miramar, FL 33025

    • Office buildings
    • 1,002 SF
    For Lease
    View listing
    $2,453 /Mo
    Last Sale
    Oct 06, 2022
    $440,000
    Value Estimations
    $655,000
    Cap Rate Potential
    2.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-1363973
    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

    • Office buildings

    Property Details for 3600 Red Rd

    Year built
    2009
    Construction
    CONCRETE
    Property size
    1,002 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    51-40-25-AK-0080
    APU
    514025AK0080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $710,000
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $484,000
      Market price range: $382k - $563k
      AI Estimate
      $448,000
      Market price range: $332k - $490k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $475,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $670,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $590,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $465,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2965
    Latitude
    25.9754
    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
    $8,517
    $37,880
    $340,910
    $378,790
    -
    $37,880
    $340,910
    $378,790

    Comparable in this City

    • Value Estimation
      $345,000
      1,912 SF

      1900 100th Ave

      OFFICE BUILDING • 1,912 SF
      1900 100th Ave, Miramar, FL 33025-1828
      View Details
    • Value Estimation
      $280,000
      635 SF

      2101 101st Ave6-104

      OFFICE BUILDING (MULTI-STORY) • 635 SF
      2101 101st Ave6-104, Miramar, FL 33025-5088
      View Details
    • Value Estimation
      $325,000
      1,129 SF

      2501 101st Ave1-101

      OFFICE BUILDING (MULTI-STORY) • 1,129 SF
      2501 101st Ave1-101, Miramar, FL 33025-5091
      View Details
    • Value Estimation
      $400,000
      4,356 SF

      3220 Douglas Rd

      OFFICE BUILDING • 4,356 SF
      3220 Douglas Rd, Miramar, FL 33025-2734
      View Details
    • Value Estimation
      $565,000
      36,238 SF

      3120 Executive Way

      OFFICE BUILDING • 36,238 SF
      3120 Executive Way, Miramar, FL 33025-4669
      View Details
    • Value Estimation
      $920,000
      42,077 SF

      3000 Corporate Way, Unit 3046

      OFFICE BUILDING • 42,077 SF
      3000 Corporate Way, Miramar, FL 33025-6547
      View Details

    Similar Nearby for Sale

    • $7,700,000
      25,000 SF

      25000 Sqft Office Building

      25000 Sqft Office Building in Pembroke Pines, FL
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    • $600,000
      0.03 Acres

      Miramar Plaza Office Condo For Sale

      Prime Corner Office, High Traffic Area, Great Investment
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    • $425,000
      1 SF

      Miramar Office Condo - $425K

      586 sq ft Office Condo, Mirabella Plaza
      Miramar, FL 33025
      View Details
    • $489,000
      933 SF

      Miramar Office Space for Sale

      Modern Office Suite, Prime Location
      2501 101St Ave, Miramar, FL 33025
      View Details
    • $279,000

      High-Traffic Office/Retail Condo For Sale

      Office/retail condo with high visibility and immediate rental income.
      2101 SW 101 Ave, Miramar, FL 33025
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    • $500,000

      Miramar Commercial Condo For Sale

      Versatile commercial condo ideal for office, retail, or professional use.
      2301 SW 101 Ave, Miramar, FL 33025
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    Similar Nearby for Lease

    • $15 SF/Yr

      Miramar Commercial Space with Warehouse

      Versatile commercial space featuring offices, warehouse, and loading docks.
      11650 Miramar Pkwy, Miramar, FL 33025
      View Details
    • $25 SF/Yr
      60,000 SF

      Prime Office Space, Red Road

      Turnkey Office Suite - 1,558 sq ft
      3600 Red Rd, Miramar, FL 33025
      View Details
    • $15 SF/Yr
      17,518 SF

      Miramar Parkway Office Space Available

      Office space with frontage on Miramar Parkway, corner unit.
      3052-3094 N Commerce Pkwy, Miramar, FL 33025
      View Details
    • $15 SF/Yr
      8,993 SF

      Miramar Office Space Available Now

      8,893 SF office space for lease in Miramar, Florida.
      3001-3021 N Commerce Pkwy, Miramar, FL 33025
      View Details
    • Contact for pricing
      2,873 SF

      Miramar Parkway Office Space For Lease

      Prime Miramar Office, 2873 SF, High Visibility
      10500 Miramar Pkwy, Miramar, FL 33025
      View Details
    • $16 SF/Yr
      18,549 SF

      Miramar Office and Lab Space

      Office and lab space available for lease in Miramar.
      10713-10785 Marks Way, Miramar, FL 33025
      View Details
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    3600 Red Rd
    Miramar, FL 33025
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    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
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