6208 26 St Miramar, FL 33023
This exceptional 13,255-square-foot development opportunity in Miramar, Florida, is priced at $649,000 ($49/SF). Located in a high-demand area, this property offers significant potential for a 26-unit residential project. Preliminary site plans are in place, streamlining the development process. The site's strategic location provides easy access to major roads, retail centers, schools, and public transportation, ensuring high desirability for future residents. Further enhancing its appeal, this property is situated within an Opportunity Zone, providing substantial tax incentives for investors. Currently, a tenant-occupied home generates immediate cash flow, offering a financial cushion during the redevelopment phase. The flexible design allows for customization of floor plans and unit layouts to cater to diverse market demands. This presents a unique chance to create a highly sought-after multi-family residential complex in a thriving market. The property is zoned for residential use and all necessary approvals are in place. Don't miss this chance to capitalize on this prime development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.