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    For Sale (27)

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    Waterfront Land in Key Marco
    $1,000,000
    0.71 Acres

    Waterfront Land in Key Marco

    Vacant land with boat slip and community amenities.

    1181 Blue Hill Creek Dr, Marco Island, FL 34145
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    Waterfront Land Next to The Standard
    $12,500,000
    0.24 Acres

    Waterfront Land Next to The Standard

    Waterfront land with development potential near Sunset Harbour.

    8-10 Century Ln, Miami Beach, FL 33139
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    Oceanfront Condo Hotel with Restaurant
    Contact for pricing
    1,384 SF

    Oceanfront Condo Hotel with Restaurant

    Miami Beach condo hotel with restaurant in a vibrant location.

    7300 Ocean Ter, Miami Beach, FL 33141
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    South Beach Multifamily Investment Opportunity
    $3,499,000
    0.13 Acres

    South Beach Multifamily Investment Opportunity

    Eight-unit multifamily building in a prime South Beach corner location.

    1485 Bay Rd, Miami Beach, FL 33139
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    Residential Lots in Prime Location
    $7,500,000

    Residential Lots in Prime Location

    Eight residential vacant lots totaling 58,240 SF in Miami.

    890 NE 70Th St, Miami, FL 33138
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    Waterfront Land Opportunity in Miami
    $12,500,000
    0.24 Acres

    Waterfront Land Opportunity in Miami

    Rare waterfront land with development potential in Miami Beach.

    8-10 Century Ln, Miami Beach, FL 33139
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    Residential Lot Near Baywood Park
    $1,099,500
    0.17 Acres

    Residential Lot Near Baywood Park

    Vacant residential lot in Miami's Historic Bayside neighborhood.

    891 NE 70Th St, Miami, FL 33138
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    Residential Lots in Prime Location
    $7,500,000
    0.20 Acres

    Residential Lots in Prime Location

    Eight residential vacant lots in Miami's historic neighborhood.

    890 NE 70Th St, Miami, FL 33138
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    Lehigh Acres Residential Land
    $40,000
    0.50 Acres

    Lehigh Acres Residential Land

    Spacious 0.5-acre lot ready for your dream home.

    1620 Clayton Ave, Lehigh Acres, FL 33972
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    Renovated Creative Office/Warehouse in Miami
    $12,500,000

    Renovated Creative Office/Warehouse in Miami

    Renovated two-story office/warehouse with modern design and historic charm.

    1800 N Miami Ave, Miami, FL 33136
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    Bay Harbor Islands Redevelopment Opportunity
    $25,000,000
    0.77 Acres

    Bay Harbor Islands Redevelopment Opportunity

    Multifamily redevelopment opportunity in Bay Harbor Islands, Florida.

    1060 98Th St, Bay Harbor Islands, FL 33154
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    Allapattah/Wynwood Development Opportunity
    $3,500,000
    0.33 Acres

    Allapattah/Wynwood Development Opportunity

    Mixed-use property near Wynwood with development potential and income.

    660 NW 29Th St, Miami, FL 33127
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    MiMo District Development Opportunity
    $3,800,000
    13,970.00 Acres

    MiMo District Development Opportunity

    14,000 SF lot with approved townhome plans.

    5215 Biscayne Blvd, Miami, FL 33137
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    Waterfront Land Next to Standard
    $12,500,000
    0.24 Acres

    Waterfront Land Next to Standard

    Waterfront land in Miami Beach with development potential.

    8-10 Century Ln, Miami Beach, FL 33139
    View details
    Miami Beach Residential Redevelopment Opportunity
    $3,499,000
    0.13 Acres

    Miami Beach Residential Redevelopment Opportunity

    Corner parcel with income potential in prime South Beach location.

    1485 Bay Rd, Miami Beach, FL 33139
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    Renovated Hotel in Miami Beach
    $16,900,000

    Renovated Hotel in Miami Beach

    Trophy hotel with 25 suites in prime location.

    205 Collins Ave, Miami Beach, FL 33139
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    Wynwood Mixed-Use Portfolio Opportunity
    $18,500,000

    Wynwood Mixed-Use Portfolio Opportunity

    Three-parcel assemblage near Wynwood Art District with significant upside potential.

    2010 NW Miami Ct, Miami, FL 33127
    View details
    Residential Lots in Bayside Neighborhood
    $6,995,000
    0.99 Acres

    Residential Lots in Bayside Neighborhood

    Six residential vacant lots in Miami's desirable Bayside neighborhood.

    860 NE 70Th St, Miami, FL 33138
    View details
    Miami Residential Near Baywood Park
    $1,199,500
    0.18 Acres

    Miami Residential Near Baywood Park

    Located in Miami's Historic Bayside neighborhood, near Baywood Park.

    895 NE 70Th St, Miami, FL 33138
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    Wynwood Assemblage with Redevelopment Potential
    $18,500,000
    26,374 SF

    Wynwood Assemblage with Redevelopment Potential

    Three-parcel assemblage near Wynwood's Art & Entertainment District.

    NW Miami Ct, Miami, FL 33127
    View details
    South Beach Multifamily Investment
    $12,990,000

    South Beach Multifamily Investment

    Prime Location, 31 Units, High Occupancy

    1770 Meridian Ave, Miami Beach, FL 33139
    View details
    Iconic South Beach Office Building
    $5,850,000
    6,894 SF

    Iconic South Beach Office Building

    Two-story, 6,800+ SF office building in prime South Beach location.

    530 11Th St, Miami Beach, FL 33139
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    Freestanding Retail Building on Corner Lot
    Contact for pricing

    Freestanding Retail Building on Corner Lot

    Freestanding retail building on corner lot with high visibility.

    4340 Nw 7Th Ave, Miami, FL 33127
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    Biscayne Blvd Development Opportunity
    Contact for pricing

    Biscayne Blvd Development Opportunity

    14,000 sq ft land with plans for 10 luxury townhomes.

    5215 Biscayne Blvd, Miami, FL 33137
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    South Beach Income Property
    $12,990,000
    23,234 SF

    South Beach Income Property

    31-unit apartment building in prime South Beach location.

    1770 Meridian Ave, Miami Beach, FL 33139
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    Miami Beach Land Opportunity
    $12,500,000

    Miami Beach Land Opportunity

    Land available in Miami Beach, Florida.

    8-10 Century Ln, Miami Beach, FL 33139
    View details
    Miami Land Parcel For Sale
    $3,500,000

    Miami Land Parcel For Sale

    Land parcel available in Miami, Florida.

    660 NW 29Th St, Miami, FL 33127
    View details

    For Lease (3)

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    Freestanding Retail Building For Lease
    $6,500 / Mo

    Freestanding Retail Building For Lease

    High-visibility corner retail building in Miami available for lease.

    4340 NW 7Th Ave, Miami, FL 33127
    View details
    Turnkey Medical Suite in Doral
    $4,500 / Mo

    Turnkey Medical Suite in Doral

    Fully equipped medical office suite ready for immediate occupancy.

    3650 NW 82Nd Ave, Doral, FL 33166
    View details
    Doral Office Space Available
    $1,950 / Mo

    Doral Office Space Available

    Medical workspaces for rent in Doral, Florida.

    3650 NW 82Nd Ave, Doral, FL 33166
    View details

    Leases and Sales on Map

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    One Sothebys International Realty
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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
    One Sothebys International Realty
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