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Property profile & analytics
FOR SALE
Retail space
4040 SW 69Th Ave Miramar, FL 33023
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3599559
For Sale
1 / 3
$3,750,000
4040 SW 69Th Ave, Miramar, FL 33023
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
CONCRETE
Total area
12,964 SF
Lot
1.24 ac (54,160 SF)
Zoning code
PUD
APN
51-41-26-23-0210
UPID
US18-3599559
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
$3.80M
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$3.66M
Owner & transaction history
National Realty Florida LLC · 3 yrs held
National Realty Florida LLC
since 2022
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
PUD · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+86.8%
Industrial (general)
$6.0M
+84.5%
Medical building
$4.6M
+40.9%
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
$3,645,000
ML approach
$3,795,000
CAP Approach
CAP Return
Estimation
6%
$3,005,000
6.5%
$2,775,000
7%
$2,575,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,230,000
Current use
COMMERCIAL (GENERAL)
$6,030,000
Change: +87% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,955,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$4,550,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$3,915,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $4.35M (Aug 1 2022)
Last sale anchor
$4.35M
Aug 1 2022
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
$282 / 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
$84,320
Tax year 2023
Assessed value
$3,628,600
Assessed 2023
Previous assessed
$1,692,940
+114.3% YoY
Effective rate
2.32%
On assessed value
Assessed land
$338,500
Assessed improvement
$3,290,100
Land market value
$338,500
Improvement market value
$3,290,100
Total market value
$3,628,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,964 SF
Lot
1.24 ac (54,160 SF)
Zoning code
PUD
APN
51-41-26-23-0210
UPID
US18-3599559
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PUD · Miramar, FL
Zoning PUD · permitted uses
PUD · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miramar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
National Realty Florida LLC
Entity
Mailing address
102 BAY ST, MANCHESTER, NH 03104-3008
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$4,350,000
National Realty Florida LLC
Abu Saleh Chowdhury
Warranty Deed
$2,800,000 · Optimumbank
Nov 4, 2016
—
Summit Of South Florida LLC
Chowdhury,abu S M
Quit Claim Deed
related
—
Feb 20, 2015
$2,400,000
Abuselah M Chowdhury
Altarac Albert
Grant Deed
$500,001 · Henry Buzgon
Feb 7, 2003
—
Altarac,tr
Alrarac,a
Grant Deed
related
—
—
—
Albert Altarac
—
Deed Of Trust
related
$260,000 · Golightly Evelyn G Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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