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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
6047 Miramar Pkwy 6053 Miramar, FL 33023-3937
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4753968
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
CONCRETE
Total area
5,665 SF
Lot
0.27 ac (11,629 SF)
Zoning code
ML
APN
51-41-25-04-1460
UPID
US18-4753968
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
$1.14M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.04M
Owner & transaction history
Isatech Investments Corp · 5 yrs held
Isatech Investments Corp
since 2020
Last sale
$820,000
7 recorded transactions
Zoning & alternative use
ML · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+21.2%
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
$1,070,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,410,000
Current use
OFFICE BUILDING
$1,710,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $820k (Jul 27 2020)
Last sale anchor
$820k
Jul 27 2020
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
$183 / 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
$20,415
Tax year 2023
Assessed value
$788,750
Assessed 2023
Previous assessed
$788,750
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$127,920
Assessed improvement
$660,830
Land market value
$127,920
Improvement market value
$660,830
Total market value
$788,750
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
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
5,665 SF
Lot
0.27 ac (11,629 SF)
Zoning code
ML
APN
51-41-25-04-1460
UPID
US18-4753968
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ML · Miramar, FL
Zoning ML · permitted uses
ML · 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
$1.4M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES Current
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
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
Isatech Investments Corp
Entity
Free & Clear · 5 yrs held
Mailing address
16850 COLLINS AVE STE #112, SUNNY ISLES BEACH, FL 33160-4291
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2020
$820,000
Isatech Investments Corp
Parkway Properties LLC
Warranty Deed
—
Nov 4, 2019
—
Parkway Properties LLC
—
Deed
related
$3,600,000 · Cchc Fund II LP
Mar 4, 2019
$631,500
Parkway Properties LLC
Avail 1 LLC
Warranty Deed
—
Dec 18, 2018
$261,800
Avail 1 LLC
Teekoy Investments LLC Coc
Trustees Deed
—
Oct 11, 2018
$100
6047 Miramar Parkway Sthrn Trust
Teekoy Investments LLC
Quit Claim Deed
related
—
Feb 12, 2018
—
Teekoy Investments LLC
6047 Miramar Parkway J Trust
Quit Claim Deed
related
—
Jul 7, 2015
—
6047 Miramar Parkway Jasmine L Trust
Teekoy Investments LLC
Quit Claim Deed
related
—
Jun 26, 2008
—
6047 Miramar Parkway Land
Kuruvila,joe
Quit Claim Deed
related
$334,800 · Spectrum Mortgage Group INC
Jun 26, 2007
—
Miramar Parkway Land Trus 6047
—
Trustees Deed
related
$350,000 · Raymond & Sally Cooper
Mar 31, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 9, 2004
—
6053 Miramar Parkway Land
Kuruvila,joe
Quit Claim Deed
related
—
Feb 27, 2004
—
Joe Kuruvila
Teekoy Investment INC LLC
Quit Claim Deed
related
—
Nov 26, 2002
—
Teckoy Investment INC
Joseph,mary
Quit Claim Deed
related
—
Nov 1, 1999
$36,400
Miami Affordable Housing INC
Hud
Grant Deed
$50,000 · Individual
Aug 18, 1999
$55,400
Miami Affordable Housing INC
Hud
Grant Deed
$64,000 · Individual
—
—
Parkway Properties LLC
—
Deed Of Trust
related
$3,600,000 · Cchc Fund II LP
—
—
Hollywood Mortgage INC
—
Deed Of Trust
related
$240,750 · Family Bank
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.
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