Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    450 136th Ave Pembroke Pines, FL 33027-6073
    Back to Search
    Property profile & analytics

    450 136th Ave, Pembroke Pines, FL 33027-6073

    View on Map
    • Commercial land
    • 0.23 lot acres
    Off-Market
    Last Sale Dec 17, 2020
    Property ID
    US18-7251025
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 450 136th Ave

    Lot size
    0.23 lot acres
    Zone code
    (B-3)
    Property type
    Commercial land
    APN
    51-40-14-02-0200
    APU
    514014020200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 2, 2023 — Cv Pines Medical LLC Pines Real Estate Investment LLC Correction Deed · related —
    Apr 16, 2021 — Cv Pines Medical LLC — Deed · related $7.3M · First Republic Bank
    Dec 17, 2020 — Cv Pines Medical LLC Pines R/e Invs LLC Quit Claim Deed · related —
    May 20, 2004 $850,000 Pines Real Estate Investment Leha INC Grant Deed —
    Jul 30, 1998 $836,000 Leha INC Newcen Communities INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.3287
    Latitude
    26.0046
    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
    $2,162
    $140,040
    $0.00
    $140,040
    -
    $140,040
    $0.00
    $140,040

    Comparable in this City

    • Value Estimation by Request
      2.51 Acres

      451 145th Ave

      VACANT COMMERCIAL LAND
      451 145th Ave, Pembroke Pines, FL 33027-6242
      View Details
    • Value Estimation by Request
      2.63 Acres

      4651 148th Ave

      VACANT COMMERCIAL LAND
      4651 148th Ave, Miramar, FL 33027
      View Details
    • Value Estimation
      $7,120,000
      0.88 Acres

      3080 Dykes Rd

      VACANT COMMERCIAL LAND
      3080 Dykes Rd, Pembroke Pines, FL 33027-1233
      View Details
    • Value Estimation by Request
      8.95 Acres

      3155 145th Ave, Unit 2

      VACANT COMMERCIAL LAND
      3155 145th Ave, Miramar, FL 33027
      View Details
    • Value Estimation
      $2,440,000
      1.86 Acres

      14505 Progressive Way

      VACANT COMMERCIAL LAND
      14505 Progressive Way, Miramar, FL 33027-2260
      View Details
    • Value Estimation by Request
      7.07 Acres

      145 Ave

      VACANT COMMERCIAL LAND
      145 Ave, Pembroke Pines, FL 33027
      View Details

    Similar Nearby for Sale

    • $199,000

      Established Restaurant Business Opportunity

      Italian restaurant business for sale in Miramar, Florida.
      Miramar, FL 33027
      View Details
    • $160,000

      Profitable Business Inside Latin Supermarket

      Established electronics repair and service business for sale in Pembroke Pines.
      12141 Pembroke Rd, Pembroke Pines, FL 33027
      View Details
    • $400,000

      Operating Liquor Store in Pembroke Pines

      Liquor store for sale in high-traffic Pembroke Pines shopping center.
      17173 Pines Blvd, Pembroke Pines, FL 33027
      View Details
    • $160,000

      Retail Business Opportunity in Miramar

      Profitable home appliance business for sale in Miramar, Florida.
      Miramar, FL 33027
      View Details
    • $1,054,800
      0.06 Acres

      Turnkey Medical Office Condo

      Move-in ready medical office in Pembroke Pines healthcare corridor.
      1 SW 129 Ave, Pembroke Pines, FL 33027
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      12520 Pines Blvd, Pembroke Pines, FL 33027
      View Details
    • Contact for pricing

      Miramar Industrial Space with Storage

      92,155 sq. ft. industrial space with outdoor storage available.
      15800 SW 25Th St, Miramar, FL 33027
      View Details
    • Contact for pricing
      62,771 SF

      Miramar Office Space Available

      62,771 sqft office space for rent in Miramar, Florida.
      3401 SW 160Th Ave, Miramar, FL 33027
      View Details
    • $16 SF/Yr
      63,860 SF

      Miramar Warehouse with Climate Control

      63,860 SF warehouse with climate control near I-75.
      15701 Southwest 29Th St, Miramar, FL 33027
      View Details
    • Contact for pricing
      38,203 SF

      Miramar Warehouse with Office Space

      38,203 SF warehouse with 5,000 SF office space.
      15901 Southwest 29Th St, Miramar, FL 33027
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Pines Boulevard

      Retail space available for lease in Pembroke Pines, Florida.
      14910-14954 Pines Blvd, Pembroke Pines, FL 33027
      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.
    450 136th Ave
    Pembroke Pines, FL 33027-6073
    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

    Thank You for Inquiry
    450 136th Ave, Pembroke Pines, FL, 33027
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!