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Property profile & analytics
OFF-MARKET
Estimated value
$12,910,000
Warehouses
7481 Riviera Blvd Miramar, FL 33023-6568
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7437153
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
61,092 SF
Lot
3.53 ac (153,569 SF)
Zoning code
PID
APN
51-41-27-14-0190
UPID
US18-7437153
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
$10.21M
CAP Approach
CAP
$10.13M
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$12.91M
Owner & transaction history
Spg 7481 Riviera Blvd LLC · 4 yrs held
Spg 7481 Riviera Blvd LLC
since 2022
Last sale
$13.3M
6 recorded transactions
Zoning & alternative use
PID · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.4M
+24.0%
Office building
$18.4M
+6.6%
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
$12,405,000
ML approach
$10,210,000
CAP Approach
CAP Return
Estimation
6%
$10,965,000
6.5%
$10,125,000
7%
$9,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,295,000
Current use
MEDICAL BUILDING
$21,440,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$18,440,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$12.91M
Range $11.62M – $14.20M · ±10% · vs last sale $13.25M (Feb 1 2022)
Last sale anchor
$13.25M
Feb 1 2022
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
$211 / 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
$239,060
Tax year 2023
Assessed value
$11,070,750
Assessed 2023
Previous assessed
$2,541,540
+335.6% YoY
Effective rate
2.16%
On assessed value
Assessed land
$3,071,380
Assessed improvement
$7,999,370
Land market value
$3,071,380
Improvement market value
$7,999,370
Total market value
$11,070,750
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
NONE
Stories
1
Total area
61,092 SF
Lot
3.53 ac (153,569 SF)
Zoning code
PID
APN
51-41-27-14-0190
UPID
US18-7437153
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Miramar, FL
Zoning PID · permitted uses
PID · 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
WAREHOUSE, STORAGE Current
Est. value
$17.3M
MEDICAL BUILDING
Est. value
$21.4M
OFFICE BUILDING
Est. value
$18.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
2022
Heating
NONE
Stories
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Spg 7481 Riviera Blvd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
100 FRNT ST STE #350, W CNSHOHOCKEN, PA 19428-2889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$13,250,000
Spg 7481 Riviera Blvd LLC
Megacenter Miramar LLC
Special Warranty Deed
—
Nov 26, 2019
—
Megacenter Miramar LLC
—
Loan Modification
related
$29,500,000 · City Nat'l Bk/fl
Nov 16, 2017
—
Megacenter Miramar LLC
—
Trustees Deed
related
$15,750,000 · Firstbank Puerto Rico
Jul 19, 2016
$10,000,000
Megacenter Miramar LLC
District Board Of Tes/broward Clg
Grant Deed
—
Apr 6, 2010
—
District Board Of Tes/broward Cmn
Broward Community Clg Foun INC
Quit Claim Deed
related
—
Mar 23, 2001
$6,700,000
Broward Community College
Autonation USA Corp
Grant Deed
$3,350,000 · Autonation USA Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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