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Property profile & analytics
OFF-MARKET Estimated value $595,000
Specialty properties

6040 21st St Miramar, FL 33023-2921

11,747 SF 0.27 ac lot Built 1972
Entity Owned 9-yr Hold Free & Clear
Property ID
US19-0659190
Property summary
AI-generated overview

This exceptional 11,747-square-foot mixed-use building presents a unique investment opportunity in Miramar, Florida. Completely renovated in 2023, this two-story, Class C property boasts a versatile layout ideal for various uses, including restaurant, storefront, or traditional office space. The building features 2 loading docks, 2 dock-high doors, and an impressive 18-foot ceiling height. Situated on a 23,136-square-foot lot, it includes a private gated parking lot with over 21 spaces. The property's zoning (SD) allows for flexible uses such as banquet halls, catering services, or entertainment venues. A current 13CT full liquor catering license is available. The building's strong pro-forma NOI of $246,450 and a pro-forma cap rate of 9.30% indicate significant potential for return on investment. Located on SW 21st Street, this property benefits from high traffic counts exceeding 36,000 vehicles per day and proximity to major attractions like the Seminole Hard Rock Casino and Fort Lauderdale International Airport. The surrounding area is densely populated, with a high average household income, and includes numerous established retailers. The building's roof was sealed in 2023, eliminating the need for immediate improvements. This is a turnkey opportunity for an owner-user or investor seeking a high-return property in a thriving commercial area. The property's address is 6040 SW 21st St, Miramar, FL 33023, APN 514124010170. Vacant and ready for immediate occupancy starting May 3, 2024. Asking price is $2,650,000.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1972
Construction CONCRETE
Total area 11,747 SF
Lot 0.27 ac (11,575 SF)
Zoning code SD
APN 51-41-24-01-0170
UPID US19-0659190
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
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$595k
Owner & transaction history
Pqgc Estates LLC · 9 yrs held
Pqgc Estates LLC
since 2017
3 recorded transactions
2017
$1.1M
2003
$485,000
1969
Price N/A
Zoning & alternative use
SD · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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