Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 NW 120Th Ave Sweetwater, FL 33182

    Sponsored
    Picture of Land at NW 120Th Ave 120, Sweetwater, FL
    For Sale
    Pending
    $1,300,000

    Residential - Sweetwater, FL

    Lot size:
    0.78 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 1 at 9:06 am

    Property Features for 120 NW 120Th Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    2300
    APN
    30-49-01-001-0765
    Lot size
    0.78 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Diego Gomez

    Elite Sales Group Real Estate (305) 479-7825

    Listing agent Diego Gomez (305) 554-1544 License #3545287

    Listing date Jan 28, 2026

    MLS# A11879086 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Sweetwater, FL

    This property features approximately 0.778 acres of cleared and fenced land. Zoned for residential use, the oversized lot is suitable for constructing a custom home or for investment purposes. The property benefits from an Eastward front exposure. Situated in a prime location in Tamiami, it is located minutes from schools, shops, and other amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sweetwater
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4063
    Latitude
    25.7838

    Nearby Similar for Sale

    • $645,000
      1,000 SF

      Sweetwater Flex Space Opportunity

      Office and warehouse combination near Dolphin Mall, leased until 2026.
      1690 NW 108Th Ave, Sweetwater, FL 33172
      View Details
    • $839,000

      Sweetwater Industrial Corner Unit

      Store and warehouse near highways and malls. Tenant occupied.
      2451 NW 109Th Ave, Sweetwater, FL 33172
      View Details
    • $150,000

      Profitable Spa and Salon Business

      Fully operational spa and salon in Sweetwater, Florida for sale.
      1470 NW 107Th Ave, Sweetwater, FL 33172
      View Details
    • $75,000

      Established Smoke Shop in Sweetwater

      Turnkey smoke shop business opportunity in a high-traffic Sweetwater location.
      Established Smoke Shop Turnkey Operation, Sweetwater, FL 33174
      View Details
    • $950,000

      Established Spa and Salon Retail

      Fully operational spa and salon in high-traffic Sweetwater location.
      1470 NW 107Th Ave, Sweetwater, FL 33172
      View Details
    • $690,000

      Warehouse-Office Condo in Dolphin Park

      Versatile warehouse-office condo in Miami's Dolphin Park of Commerce.
      10891 NW 17Th St, Sweetwater, FL 33172
      View Details
    • $35,000

      Full-Service Nails & Beauty Spa

      Nails & Beauty Spa near FIU on 107th Avenue.
      Full-Service Nails & Beauty Spa For Sale In Sweetwater, Sweetwater, FL 33174
      View Details
    • $870,000

      Sweetwater Flex Space Office/Warehouse

      2,019 SF flex space near Dolphin Mall.
      2051 NW 112Th Ave, Sweetwater, FL 33172
      View Details
    • $511,000

      Modern Office Space, Sweetwater, FL

      Office space in Sweetwater with highway access, retail, and dining.
      1695 NW 110Th Ave, Sweetwater, FL 33172
      View Details
    • $112,900

      Established Beauty Salon in Sweetwater

      Well-equipped beauty salon in high-traffic Miami area, low rent.
      11400 W Flagler St, Sweetwater, FL 33174
      View Details
    • $249,000

      Turnkey Restaurant in Sweetwater, FL

      Fully equipped restaurant suitable for Latin rotisserie chicken production.
      11401 NW 12Th St, Sweetwater, FL 33172
      View Details
    • $11,700,000

      Sweetwater Condominium Investment Opportunity

      31-unit condominium near FIU with redevelopment potential.
      10904 SW 2, Sweetwater, FL 33174
      View Details

    FAQs

    What type of property is this?
    Land - Cleared, fenced residential land in a prime Tamiami location.
    Where is this land located?
    The property is located at 120 NW 120Th Ave Sweetwater, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Large 0.78-acre cleared and fenced residential lot.; - Zoned residential, ideal for building a dream home.; - Prime location in Tamiami, Miami-33182.
    (305) 342-5048
    Request Owner's contact information
    120 NW 120Th Ave Sweetwater, FL 33182
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 NW 120Th Ave
    Sweetwater, FL 33182
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    120 NW 120Th Ave Sweetwater, FL 33182
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diego Gomez
    Real Estate License ID: 3545287
    (305) 342-5048
    Learn more
    Google sign-in failed. Please try again or use another login method.