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Property profile & analytics
OFF-MARKET
Commercial real estate

6208 26 St Miramar, FL 33023

Property ID
US18-9197555
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US18-9197555
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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