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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8901 Miramar Pkwy Miramar, FL 33025-4128

    • Drug stores
    • 12,040 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2021
    $3,300,000
    Value Estimations
    $3,695,000
    Show details
    Cap Rate Potential
    4%
    Drug stores
    Location Intelligence
    Property ID
    US18-0962420
    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.

    Current Use by Public Records

    • Drug stores

    Property Details for 8901 Miramar Pkwy

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    1.53 lot acres
    Property size
    12,040 SF
    Zone code
    B2
    Property type
    Drug stores
    APN
    51-41-29-02-0010
    APU
    514129020010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,210,000
      ML approach
      $4,205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,790,000
      6.5%
      $2,575,000
      7%
      $2,395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,565,000
      Market price range: $2.76M - $5.83M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,035,000
      Current use
      OFFICE BUILDING
      $5,700,000
      Change: +41% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,600,000
      Change: +39% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $5,535,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $4,225,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2635
    Latitude
    25.9816
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $77,846
    $1,530,260
    $1,750,760
    $3,281,020
    -
    $1,530,260
    $1,750,760
    $3,281,020

    Comparable in this City

    • Value Estimation
      $2,025,000
      11,517 SF

      1698 Palm Ave

      DRUG STORE, PHARMACY • 11,517 SF
      1698 Palm Ave, Pembroke Pines, FL 33025-5587
      View Details
    • Value Estimation
      $2,660,000
      15,206 SF

      2499 101st Ave

      DRUG STORE, PHARMACY • 15,206 SF
      2499 101st Ave, Miramar, FL 33025-5082
      View Details
    • Value Estimation
      $7,060,000
      15,717 SF

      8001 Miramar Pkwy

      DRUG STORE, PHARMACY • 15,717 SF
      8001 Miramar Pkwy, Miramar, FL 33025-3004
      View Details
    • Value Estimation by Request
      168,000 SF

      3102-3372 University Dr

      Neighborhood centers • 168,000 SF
      3102-3372 University Dr, Miramar, FL 33025
      View Details
    • Value Estimation
      $5,075,000
      40,685 SF

      12315 Pembroke Rd, Unit 12389

      RETAIL STORES (PERSONAL SERVICES) • 40,685 SF
      12315 Pembroke Rd, Pembroke Pines, FL 33025-1723
      View Details
    • Value Estimation
      $2,685,000
      17,497 SF

      3408 Red Rd, Unit 3496

      RETAIL STORES (PERSONAL SERVICES) • 17,497 SF
      3408 Red Rd, Miramar, FL 33025-6017
      View Details

    Similar Nearby for Sale

    • $5,100,000

      Freestanding Retail Building in Miramar

      14,560 SF retail building on 1.77 acres for sale.
      2499 SW 101 Ave, Miramar, FL 33025
      View Details
    • $500,000

      Miramar Commercial Condo For Sale

      Versatile commercial condo ideal for office, retail, or professional use.
      2301 SW 101 Ave, Miramar, FL 33025
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    • $279,000

      High-Traffic Office/Retail Condo For Sale

      Office/retail condo with high visibility and immediate rental income.
      2101 SW 101 Ave, Miramar, FL 33025
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    • $600,000

      Mirabella Plaza Corner Retail Space

      Corner retail space in Mirabella Plaza, currently rented.
      2501 SW 101 St Ave, Miramar, FL 33025
      View Details
    • Contact for pricing
      3,531 SF

      Heartland Dental Retail Space

      Retail space leased to Heartland Dental in Miramar, Florida.
      17011 Miramar Pkwy, Miramar, FL 33025
      View Details
    • $450,000

      Miramar Retail Space For Sale

      Retail space in a modern plaza, ideal for owner use.
      2301 Palm Ave, Miramar, FL 33025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,930 SF

      Miramar Retail Space For Lease

      Retail space available in Miramar, anchored by Sprouts and Kohl's.
      12200 Miramar Pkwy, Miramar, FL 33025
      View Details
    • Contact for pricing
      1,330 SF

      Miramar Retail Space Available

      Retail space available for lease in Miramar, Florida.
      10910-11020 Pembroke Rd, Miramar, FL 33025
      View Details
    • $30 SF/Yr
      168,000 SF

      Miramar Parkway Plaza Retail Space

      Prime Miramar Retail Center: 5 Spaces Available
      3102-3372 University Dr, Miramar, FL 33025
      View Details
    • Contact for pricing
      4,807 SF

      Retail Space on S Flamingo

      Retail space available along S Flamingo Rd and Miramar Blvd.
      12310 Miramar Pkwy, Miramar, FL 33025
      View Details
    • $50 SF/Yr
      3,100 SF

      Miramar Retail Space For Lease

      Retail space available for lease in Miramar, Florida.
      12503-12681 Miramar Pkwy, Miramar, FL 33025
      View Details
    • Contact for pricing
      1,229 SF

      Retail Space Near Major Intersection

      Retail space with high visibility and convenient highway access.
      3632 Red Rd, Miramar, FL 33025
      View Details
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    Miramar, FL 33025-4128
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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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