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    7551 Alhambra Blvd Miramar, FL 33023
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    Property profile & analytics

    7551 Alhambra Blvd Miramar, FL 33023

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    • Commercial real estate
    • 1,716 SF
    Off-Market
    Property ID
    US18-4228245
    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

    • Commercial real estate

    Property Details for 7551 Alhambra Blvd

    Year built
    1966
    Property size
    1,716 SF
    Property type
    Commercial real estate
    APN
    5141-27-10-0120

    Description

    This exceptional 3-bedroom, 2-bathroom Miramar home (1,716 sq ft) presents a lucrative investment opportunity as a short-term rental (STR) or Airbnb. Boasting a desirable location near Hard Rock Stadium and the Turnpike, this property features all-tile flooring, a renovated kitchen with a screened-in pool patio and water view, a large circular driveway with a fountain, and a split floor plan including a generous master suite with a walk-in closet and double sinks. An additional office/bedroom adds versatility. The property sits on a 6,293 sq ft lot and includes 5 parking spaces. Built in 1966, this single-story home is zoned RS5 and offers a projected 8% cap rate with a $48,000 projected NOI. Comparable properties in the area are performing exceptionally well, making this a strong investment with no HOA fees. The asking price is $599,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.235961
    Latitude
    25.9802168

    Comparable in this City

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      Established Religious Articles Retail Store

      Profitable religious articles retail store for sale, includes inventory.
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    • $1,500,000
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      Commercial Property on Pembroke Road

      Versatile commercial property with warehouse and office space for sale.
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    Similar Nearby for Sale

    • $440,000
      1,336 SF

      Miramar Warehouse: Prime Location

      Two Warehouses, 1336 sq ft, High Traffic
      3056 State Road 7, Miramar, FL 33023
      View Details
    • Contact for pricing

      Established Religious Articles Retail Store

      Profitable religious articles retail store for sale, includes inventory.
      6515 SW Pembroke Rd, Hollywood, FL 33023
      View Details
    • $1,500,000
      4,850 SF

      Commercial Property on Pembroke Road

      Versatile commercial property with warehouse and office space for sale.
      6211 Pembroke Rd, Hollywood, FL 33023
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    Similar Nearby for Lease

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      Industrial Space Available For Lease

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      Retail Spaces For Lease

      Retail spaces available in vibrant Hollywood, Florida.
      840 S State Road 7, Hollywood, FL 33023
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      40,630 SF

      Industrial Space with Temperature Control

      Modern industrial space featuring temperature-controlled and cooler/freezer areas.
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    • $6,000 /Mo
      2,191 SF

      Free-Standing Commercial Building For Rent

      Prime commercial building suitable for office or business purposes.
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    • Contact for pricing

      Office Space Near US441

      Second-floor office space available for lease near US441.
      5900 Dewey St, Hollywood, FL 33023
      View Details
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    Miramar, FL 33023
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    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
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    7551 Alhambra Blvd, Miramar, FL, 33023
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