Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot with Canal Access Title is generated by Realmo AI

    15900 SW 408 ST, Florida City, FL 33034

    View on Map
    Claim this Listing
    For Sale
    $62,500

    Land - Florida City, FL

    Lot size:
    0.69 Acres
    Added:
    Nov 6, 2025
    Days on Market:
    192
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 15900 SW 408 ST

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    8900
    Standard status
    Active
    APN
    30-89-18-000-0017
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    94

    Utilities

    Sewer type
    Other
    Water source
    Other

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ibrahim Rolo

    Listing agent Ibrahim Rolo License #3404645

    Listing office Miami New Realty 2470 N.W. 102 Pl, Doral, FL

    Listing date Nov 6, 2025

    MLS# A11908757 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.

    HighLights

    • Large 30,056.4 Sq.Ft Vacant Lot
    • Canal Frontage with Water Views
    • Gated for Security and Privacy
    • Convenient Access to Amenities
    • Located on the way from Miami to the Florida Keys
    • Ideal Location in South Florida

    Overview

    This 30,056.4 Sq.Ft vacant lot features a canal at the back, offering water views and opportunities for outdoor activities. The property is gated, providing security and privacy. Situated on a busy road, the location provides access to amenities and attractions. Located on the way from Miami to the Florida Keys, this property in Florida City, FL, is zoned 8900 and spans 0.69 acres in Miami-Dade County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Florida City
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.7387
    Latitude
    25.3018

    Nearby Similar for Sale

    • $13,800,000
      30,421 SF

      Educational Investment Opportunity in Florida City

      Single tenant NNN educational campus with expansion potential.
      713 W Palm Drive, Florida City, FL
      View Details
    • $699,000
      2,280 SF

      Well-Maintained Fourplex Investment Opportunity

      Fourplex with strong rental demand near US-1 and Florida Turnpike.
      1478 NW 2nd Ave, Florida City, FL 33034
      View Details
    • $375,000

      Established Car Wash Business Opportunity

      Profitable car wash business with loyal clientele and experienced team.
      305 SW 9th Ave, Florida City, FL 33034
      View Details
    • $2,500,000

      Prime Commercial Land Opportunity

      1.47-acre C-2 zoned land suitable for various businesses.
      DAVIS PKWY, Florida City, FL 33034
      View Details
    • $799,000

      5 Acre Buildable Farmland Lot

      5 acre buildable lot, currently farmland with passion fruit vines.
      3335# SW 213 AVE, Florida City, FL 33034
      View Details
    • $1,800,000

      Florida City Commercial Vacant Land

      Prime commercial land in rapidly growing Florida City corridor.
      945 W Lucy St, Florida City, FL 33034
      View Details
    • $249,000

      Florida City Land For Sale

      10 acres of dry land zoned for general use.
      SW 137 Ave. at 360 St., Florida City, FL 33035
      View Details
    • $149,000

      Florida City Land Investment Opportunity

      5-acre land parcel zoned G.U. for future investment.
      SW 137 Ave & 360 St, Florida City, FL 33035
      View Details
    • $2,550,000

      Multifamily with Development Opportunity

      9-unit multifamily with development potential in a high-growth area.
      1427 NW 2nd Ave, Florida City, FL 33034
      View Details
    • $1,500,000

      New Construction Five-Plex in Homestead

      New construction five-plex, built in 2026, lease-up ready.
      1515 N Redland Rd, Florida City, FL 33034
      View Details
    • $4,200,000

      Historic Bar in High-Traffic Area

      Landmark bar and restaurant with 4COP liquor license for sale.
      35800 S Dixie Hwy, Florida City, FL 33034
      View Details
    • $13,800,000
      30,421 SF

      Florida City Educational Investment Opportunity

      Single tenant NNN K12 campus with expansion potential.
      713 W Palm Dr, Florida City, FL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 30,056 Sq.Ft lot with canal access in Florida City.
    Where is this commercial land located?
    The property is located at 15900 SW 408 ST Florida City, FL.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Large 30,056.4 Sq.Ft Vacant Lot; Canal Frontage with Water Views; Gated for Security and Privacy
    (786) 322-9698
    We can help!
    Listing Contact
    Ibrahim Rolo
    Real Estate License ID: 3404645
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    15900 SW 408 ST, Florida City, FL 33034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!