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    9907 Miramar Pkwy, Unit 9981 Miramar, FL 33025-2307
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    Property profile & analytics

    9907 Miramar Pkwy, Unit 9981, Miramar, FL 33025-2307

    View on Map
    • Community centers
    • 96,943 SF
    • 8.55 lot acres
    Off-Market
    Property ID
    US18-2681442
    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
    $23,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 9907 Miramar Pkwy

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    8.55 lot acres
    Zone code
    B2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    51-41-29-10-0010
    APU
    514129100010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 25, 2022 — Suso 5 River Run LP Ddrm River Run LLC Re-recorded Document · related —
    Jun 26, 2017 — Ddrm River Run LLC — Grant Deed · related $218.7M · Citigroup Global Markets Rlty
    Jul 3, 2007 — Ddrm River Run LLC Inland Southeast River Run LLC Special Warranty Deed $885M · Wachovia Bank NA
    Apr 23, 2003 $11,800,000 Inland Southeast River Run LLC Woolbright Development INC Grant Deed —
    Apr 23, 2003 $10,500,000 Woolbright Development INC Pob Apollo Florida LP Grant Deed —
    May 18, 2000 $8,100,000 O B Apollo Florida LP Glenborough Properties LP Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $25,695,000
      6.5%
      $23,720,000
      7%
      $22,025,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.2776
    Latitude
    25.9819
    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
    $423,225
    $4,097,040
    $12,761,310
    $16,858,350
    -
    $4,097,040
    $12,761,310
    $16,858,350

    Comparable in this City

    • Value Estimation
      $11,060,000
      77,374 SF

      10910 Pembroke Rd, Unit 11060

      MINI-MALL
      10910 Pembroke Rd, Miramar, FL 33025-1706
      View Details
    • Value Estimation
      $14,530,000
      98,584 SF

      12105 Pembroke Rd

      MINI-MALL
      12105 Pembroke Rd, Pembroke Pines, FL 33025-1727
      View Details
    • Value Estimation by Request
      18,471 SF

      8802-8880 Miramar Pkwy

      Lifestyle centers
      8802-8880 Miramar Pkwy, Miramar, FL 33025
      View Details
    • Value Estimation by Request
      168,000 SF

      3102-3372 University Dr

      Neighborhood centers
      3102-3372 University Dr, Miramar, FL 33025
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    • Value Estimation by Request
      17,497 SF

      3408-3496 Red Rd

      Neighborhood centers
      3408-3496 Red Rd, Miramar, FL 33025
      View Details
    • Value Estimation
      $20,505,000
      172,322 SF

      1800 University Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      1800 University Dr, Miramar, FL 33025-2231
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Near Major Highways

      Retail spaces available in Miramar, close to I-75 and Turnpike.
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      20,445 SF

      Pembroke Pines Retail Development

      Retail development in Pembroke Pines, 100% occupied.
      1500 S Hiatus Rd, Pembroke Pines, FL 33025
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    • $450,000
      0.02 Acres

      Miramar Retail Space For Sale

      Retail space in a modern plaza, ideal for owner use.
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      1,067 SF

      Turn Key Barbershop For Sale

      Barbershop for sale with property size of 1067 square feet.
      11225 Miramar Pkwy, Miramar, FL 33025
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      Mirabella Plaza Retail Space

      Corner unit with lease to hair salon in Mirabella Plaza.
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    • $5,100,000
      14,560 SF

      Freestanding Retail Building in Miramar

      14,560 SF retail building on 1.77 acres.
      2499 SW 101St Ave, Miramar, FL 33025
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    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Retail Center For Rent

      Retail center with high traffic and diverse tenant mix.
      12389 Pembroke Rd, Pembroke Pines, FL 33025
      View Details
    • Contact for pricing
      1,965 SF

      Retail Space in Shopping Center

      Retail space available in neighborhood shopping center near I-75.
      12315 Pembroke Rd, Pembroke Pines, FL 33025
      View Details
    • Contact for pricing
      975 SF

      Grocery Anchored Shopping Center Space

      Retail space in Miramar, Florida with high annual visits.
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      View Details
    • Contact for pricing
      4,861 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
      1,300 SF

      Retail Space on Pines Boulevard

      Retail space available in high-traffic Pembroke Pines shopping center.
      8024-8384 Pines Blvd, Pembroke Pines, FL 33025
      View Details
    • Contact for pricing
      36,025 SF

      Miramar Town Center Retail Space

      Retail space in a lifestyle center with high visibility.
      11606 City Hall Promenade, Miramar, FL 33025
      View Details
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    Miramar, FL 33025-2307
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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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