6300-6306 Pembroke
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6300-6306 Pembroke
4,370 SF 100% Leased Retail Building Miramar, FL 33023 $3,020,062 CAD ($691 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. Perfect for an owner-user or investor.
Financial Summary (Pro forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$275,466
|
$63.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$275,466
|
$63.04
|
| Taxes |
$19,924
|
$4.56
|
| Operating Expenses |
$8,428
|
$1.93
|
| Total Expenses |
$28,352
|
$6.49
|
| Net Operating Income |
$247,114
|
$56.55
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $275,466 |
| Annual Per SF | $63.04 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $275,466 |
| Annual Per SF | $63.04 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,924 |
| Annual Per SF | $4.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,428 |
| Annual Per SF | $1.93 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,352 |
| Annual Per SF | $6.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $247,114 |
| Annual Per SF | $56.55 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
4,370 SF
Year Built
1965
Price
$3,020,062 CAD
Price Per SF
$691 CAD
Cap Rate
4.80%
NOI
$144,929 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Land Acres
0.11 AC
Zoning
ML
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 51-41-24-16-0760 | Total Assessment | $643,372 CAD (2024) |
| Land Assessment | $60,067 CAD (2024) | Annual Taxes | $19,924 CAD ($4.56 CAD/SF) |
| Improvements Assessment | $583,304 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
51-41-24-16-0760
Land Assessment
$60,067 CAD (2024)
Improvements Assessment
$583,304 CAD (2024)
Total Assessment
$643,372 CAD (2024)
Annual Taxes
$19,924 CAD ($4.56 CAD/SF)
Tax Year
2023
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6300-6306 Pembroke
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