Property profile

3632 Red Rd 3644 Miramar, FL 33025

OFF-MARKET
Retail space
Property ID
US18-7759299
4,591 SF 1.9 ac lot Built 2017
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 1,229-square-foot retail space located on a major intersection in the Miami-Dade/Broward county line area. It has convenient access to major roadways including the Florida Turnpike, I-75, I-95, and SR 826. The site is positioned across from the Miramar Park of Commerce, a large business park totaling over 5,000,000 square feet, and is about one block from the Miramar City Hall & Municipal Complex, which spans approximately 500,000 square feet. The surrounding area is part of an active mixed-use corridor with multiple multi-family development projects planned and under construction.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction CONCRETE
Total area 4,591 SF
Lot 1.9 ac (82,789 SF)
Zoning code B2
APN 51-40-25-02-0093
UPID US18-7759299

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3632 Red Rd, Unit 3644 Miramar, FL 33025-6012
Miramar metro Census 110321 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$985k
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Miramar, FL
Zoning description

This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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