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6300-6306 Pembroke 4,370 SF 100% Leased Retail Building Miramar, FL 33023 $2,933,116 CAD ($671.19 CAD/SF) 4.80% Cap Rate
Investment Highlights
- Freestanding Retail/Flex Building
- 8.04% Proforma CAP Rate
- Building Size: 4,362 SF
- Perfect for an Investor or Owner-User
Executive Summary
The subject property is a freestanding retail/flex building sitting on two parcels consisting of 4,362 SF of usable space situated on a 12,346 SF lot located close to the Florida Turnpike and State Road 7/441. This property presents a unique investment opportunity that combines ongoing renovations with income potential. The current owner is dedicated to enhancing the property's exterior, making notable improvements such as installing hurricane-resistant windows and doors, a fresh coat of paint, and a remodel of the staircase. The property has a concrete roof; an investor can potentially raise the building by an additional 2 floors. The downstairs unit is presently occupied by four separate tenants and has been thoughtfully configured as church space, offering immediate rental income. All tenants are month to month and can vacate. Perfect for an owner-user or investor.
Financial Summary (Pro Forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$267,536
|
$61.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,536
|
$61.22
|
| Taxes |
$19,350
|
$4.43
|
| Operating Expenses |
$8,185
|
$1.87
|
| Total Expenses |
$27,536
|
$6.30
|
| Net Operating Income |
$240,000
|
$54.92
|
Financial Summary (Pro Forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $267,536 |
| Annual Per SF | $61.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $267,536 |
| Annual Per SF | $61.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,350 |
| Annual Per SF | $4.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,185 |
| Annual Per SF | $1.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,536 |
| Annual Per SF | $6.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $54.92 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,370 SF
Year Built
1965
Price
$2,933,116 CAD
Price Per SF
$671.19 CAD
Cap Rate
4.80%
NOI
$140,757 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.11 AC
Zoning
ML
Frontage
49’ on Pembroke Rd
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-41-24-16-0760 | Total Assessment | $910,940 CAD (2026) |
| Land Assessment | $58,513 CAD (2026) | Annual Taxes | $19,350 CAD ($4.43 CAD/SF) |
| Improvements Assessment | $852,428 CAD (2026) | Tax Year | 2023 |
Property Taxes
Parcel Number
51-41-24-16-0760
Land Assessment
$58,513 CAD (2026)
Improvements Assessment
$852,428 CAD (2026)
Total Assessment
$910,940 CAD (2026)
Annual Taxes
$19,350 CAD ($4.43 CAD/SF)
Tax Year
2023
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6300-6306 Pembroke
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