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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Retail space
6438-6440 Pembroke Rd Miramar, FL 33023
Entity Owned
Free & Clear
Property ID
US18-5058222
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
CONCRETE
Total area
3,540 SF
Lot
0.23 ac (9,904 SF)
Zoning code
ML
APN
51-41-23-07-1990
UPID
US18-5058222
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
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.28M
Owner & transaction history
6438 Pembroke Road LLC
6438 Pembroke Road LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
ML · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+86.8%
Medical building
$1.2M
+40.9%
Office building
$1.1M
+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
$1,380,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$880,000
Current use
COMMERCIAL (GENERAL)
$1,645,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$1,240,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$1,000,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.25M (Nov 22 2021)
Last sale anchor
$1.25M
Nov 22 2021
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
$362 / 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
$16,521
Tax year 2023
Assessed value
$709,820
Assessed 2023
Previous assessed
$603,550
+17.6% YoY
Effective rate
2.33%
On assessed value
Assessed land
$89,140
Assessed improvement
$620,680
Land market value
$89,140
Improvement market value
$620,680
Total market value
$709,820
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,540 SF
Lot
0.23 ac (9,904 SF)
Zoning code
ML
APN
51-41-23-07-1990
UPID
US18-5058222
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
$880,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
6438 Pembroke Road LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1800 S OCEAN DR APT #1003, HALLANDALE BEACH, FL 33009-7722
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
6438 Pembroke Road LLC
Alvinoz LLC
Deed
related
—
May 19, 2025
—
Alvinoz LLC
—
Deed
related
$468,750 · Amerant Bank NA
Mar 28, 2022
—
Alvinoz LLC
—
Deed
related
$468,750 · Amerant Bank NA
Nov 22, 2021
$1,250,000
Alvinoz LLC
Des Property Investments LLC
Warranty Deed
—
Aug 16, 2016
$500,000
Us Investments LLC
Land Holding
Grant Deed
$630,000 · Banco Popular
Oct 5, 2015
$429,900
Land Holding
Khan,saheed & Bibiana Coc
Trustees Deed
—
Nov 17, 2006
—
Khan Saheed & B C Living Trust
Khan,saheed & Bibiana C
Quit Claim Deed
related
—
Apr 13, 2006
$950,000
Saheed Khan
Alice E Ward Allman
Special Warranty Deed
$712,500 · Fidelity Federal Bank & Trust
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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