Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6127 39Th Dr Miramar, FL 33023
    Back to Search
    Property profile & analytics

    6127 39Th Dr Miramar, FL 33023

    View on Map
    • Small apartment buildings
    • 1,709 SF
    Off-Market
    Property ID
    US18-5494512
    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

    • Small apartment buildings

    Property Details for 6127 39Th Dr

    Year built
    1974
    Property size
    1,709 SF
    Property type
    Small apartment buildings

    Description

    This well-maintained Miramar duplex, located at 6127 SW 39th St, offers a unique blend of comfortable living and strong income potential. Built in 1974, this single-story, 1,709 square foot property features a thoughtful layout and significant recent upgrades. One side is currently rented to a long-term tenant, generating a consistent monthly income of $2,384. The other side is owner-occupied, providing an ideal setup for those seeking additional income or multi-generational living arrangements. Recent improvements include a brand new roof, ensuring long-term protection and reducing maintenance concerns. The plumbing system has been updated for reliability and efficiency. Impact-resistant windows provide both security and energy savings. The kitchen boasts an open-concept design, perfect for modern living. Both bathrooms have been renovated to a modern standard. The property also features upgraded electrical panels, ensuring safety and functionality. Modern and efficient A/C units and water heaters are also included, enhancing comfort and reducing utility costs. This move-in ready duplex presents an exceptional opportunity to combine homeownership with a substantial income stream in the desirable Miramar, Florida (33023) area. The property is situated in Broward County and offers a compelling investment opportunity for discerning buyers. Don't miss this chance to acquire a property that seamlessly blends comfortable living with a proven track record of financial returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.209512
    Latitude
    25.9750083

    Comparable in this City

    • $1,160,000
      0.33 Acres

      West Park Multifamily Investment Opportunity

      Fully occupied five-unit building with strong rental income potential.
      4141 SW 20Th St, West Park, FL 33023
      View Details
    • $560,000
      1,842 SF

      Turn-Key Hollywood Rental Property

      Five-unit rental property in Hollywood, renovated in 2013.
      6014 Rodman St, Hollywood, FL 33023
      View Details
    • $1,400,000

      Miramar Multifamily Value-Add Opportunity

      Eight-unit multifamily property with value-add potential in Miramar, Florida.
      6124 Pembroke Rd, Miramar, FL 33023
      View Details
    • $1,600,000
      3,546 SF

      Miramar Fourplex in Opportunity Zone

      East Miramar fourplex with two buildings on one lot.
      6109 SW 30Th St, Miramar, FL 33023
      View Details
    • $720,000
      1,571 SF

      Income-Producing Fourplex in Hollywood, FL

      Renovated fourplex in high-demand area with development potential.
      6220 Dawson St, Hollywood, FL 33023
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Miramar Multifamily Value-Add Opportunity

      Eight-unit multifamily property with value-add potential in Miramar, Florida.
      6124 Pembroke Rd, Miramar, FL 33023
      View Details
    • $560,000
      1,842 SF

      Turn-Key Hollywood Rental Property

      Five-unit rental property in Hollywood, renovated in 2013.
      6014 Rodman St, Hollywood, FL 33023
      View Details
    • $1,160,000
      0.33 Acres

      West Park Multifamily Investment Opportunity

      Fully occupied five-unit building with strong rental income potential.
      4141 SW 20Th St, West Park, FL 33023
      View Details
    • $1,600,000
      3,546 SF

      Miramar Fourplex in Opportunity Zone

      East Miramar fourplex with two buildings on one lot.
      6109 SW 30Th St, Miramar, FL 33023
      View Details
    • $720,000
      1,571 SF

      Income-Producing Fourplex in Hollywood, FL

      Renovated fourplex in high-demand area with development potential.
      6220 Dawson St, Hollywood, FL 33023
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      5731 Flagler St 1, Hollywood, FL 33023

      Triplexes
      5731 Flagler St, Hollywood, FL 33023
      View Details
    • $1,750 /Mo

      Cozy Tiled 2/1 Apartment

      2/1 apartment with private entrance and fenced backyard.
      5693 Fletcher St, Hollywood, FL 33023
      View Details
    • $2,800 /Mo

      Renovated 2-Bedroom Residence

      Renovated 2-bedroom unit with private porch and backyard.
      6071 SW 33Rd St, Miramar, FL 33023
      View Details
    • $2,200 /Mo

      Miramar Remodeled Duplex For Rent

      Remodeled 2/1 duplex with patio, near restaurants and shops.
      6613 Evergreen Dr, Miramar, FL 33023
      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.
    6127 39Th Dr
    Miramar, FL 33023
    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
    6127 39Th Dr, Miramar, FL, 33023
    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!