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    Roy Faith, Miami, FL

    License ID: 3194725
    Fip Realty Services Llc
    Association
    Realtor Association Of Greater Fort Lauderdale Inc

    Service Locations

    Contact details

    Phone:
    (305) 333-7250
    Office Address:
    2627 Ne 203rd Suite 207, Miami, FL, 33180

    Performance

    Listings
    14

    Listings

    For Sale (8)

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    • $2,650,500
      2,650 SF

      North Miami Office Condo For Sale

      Biscayne Blvd Office Condo - Owner/User
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
    • $887,250
      1,183 SF

      Aventura Medical Office Condo

      Class A Medical Office, Vacant, 1,003 RSF
      2801 214Th St, Aventura, FL 33180
      View Details
    • $658,500
      878 SF

      Aventura Medical Condo - Miami, FL

      Class A Medical Office Condo, Prime Location
      2880 214Th St, Miami, FL 33180
      View Details
    • Contact for pricing

      Remodeled Retail Plaza on Hallandale

      Remodeled retail plaza with modern design and strong visibility.
      640-644 W Hallandale Beach Blvd, Golden Isles, FL 33009
      View Details
    • Contact for pricing

      Dock Height Warehouse with Expansion

      6,000 SF warehouse with expansion potential near I-95.
      2601 SW 31St Ave, Golden Isles, FL 33009
      View Details
    • Contact for pricing

      Hallandale Beach Open Space Unit

      Open space unit ideal for fitness, martial arts, or dance.
      648 W Hallandale Beach Blvd, Golden Isles, FL 33009
      View Details
    • Contact for pricing

      Class B Medical/Professional Office

      Class B office property with medical and professional tenants.
      16855 NE 2Nd Ave, Miami, FL 33162
      View Details
    • Contact for pricing

      Class B Medical/Professional Office

      Class B office property with medical and professional tenants.
      16853 NE 2Nd Ave, Miami, FL 33162
      View Details

    For Lease (6)

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    • $48 SF/Yr
      40,000 SF

      Aventura Medical Office Space

      Prime Aventura medical suites available.
      2801 213Th St, Aventura, FL 33180
      View Details
    • $35 SF/Yr
      2,650 SF

      North Miami Office Space for Lease

      Newly Renovated, 2650 sq ft Office
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
    • $45 SF/Yr
      19,664 SF

      Miami Gardens Retail Center

      Prime Retail Space, Miami Gardens, FL
      19184 27Th Ave, Miami Gardens, FL 33056
      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
    • $36 SF/Yr
      7,964 SF

      Venture Center Office Suites

      North Miami Beach Class A Office Spaces
      16853 2 Ave North Miami Bch, North Miami Beach, FL 33162
      View Details
    • Contact for pricing
      32,785 SF

      Wynwood Art District Studio Space

      32,785 Sq. Ft. studio in the Wynwood Art District.
      2136 NW 1St Ave, Miami, FL 33127
      View Details

    Leases and Sales on Map

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    Roy Faith, Miami, FL
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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.

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