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    The Largest CRE Database in the US with Over 1 Million Listings

    1690 NW 108Th Ave Miami, FL 33172

    Sponsored
    For Sale
    $645,000

    Industrial - Sweetwater, FL

    Type:Industrial
    Property size:
    1,000 SF
    Days on Market:
    15
    Last Refresh:
    Jan 26 at 8:06 pm

    Property Features for 1690 NW 108Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    8900
    APN
    25-30-31-057-0620
    Parking features
    Assigned
    Size
    1,000 SF

    Taxes and HOA fees

    Expense value
    462
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Sewer type
    Other
    Water source
    Public, Well

    Building Details

    Year built
    2021
    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Jimena Palmieri

    Realty Professionals of Aventura, LLC (305) 931-2224

    Listing agent Jimena Palmieri (305) 931-2224 License #3235997

    Listing date Jan 12, 2026

    MLS# A11943731 Listing URL

    Copyright © 2026 Miami Association of 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

    Sweetwater Flex Space Opportunity

    This property offers an office and warehouse combination in Sweetwater, Florida. The property is currently leased to an impact windows company at $3,570 per month, with the lease extending until May 9, 2026. The location is situated two blocks from Dolphin Mall, providing convenient access to the Florida Turnpike. The warehouse space is approximately 1,000 square feet and features a 14-foot ceiling height, suitable for loading and unloading. The ceiling height allows for the possibility of constructing a second office level. The property includes one assigned parking space, along with two additional spaces in front of the warehouse access. Located within the Dolphin City Center area, the property benefits from its position in a commercial hub with a mix of offices, warehouses, retail spaces, and service businesses. The area offers high visibility, strong tenant demand, and proximity to major shopping, dining, and transportation corridors. The intended use of the property is commercial, with potential business uses including office, warehouse, retail, and service-oriented operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Supreme Produce Logistics, ... Trucking Company JS IMPACT WINDOWS ... Window Supplier Kuiaa Engineering Consultant Natnow Nutrition USA Wholesaler Higa Special Services General Contractor

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Building Supply Spa & Massage Auto Repair Shop Hair Salon Wholesale Shop Hotel & Motel

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

    Similar Places Nearby

    CSS, Bistro Team Catering, Healthy Gourmet Lunch

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.371236
    Latitude
    25.789534

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    FAQs

    What type of property is this?
    Flex space - Office and warehouse combination near Dolphin Mall, leased until 2026.
    Where is this flex space located?
    The property is located at 1690 NW 108Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: - Excellent commercial location, just two blocks from Dolphin Mall with quick access to the Florida Turnpike.; - Currently leased at $3,570 per month until May 9, 2026, providing immediate income.; - Approximately 1,000 sq ft of warehouse space with **14-foot ceiling height**, suitable for loading/unloading and potential for a second office level.
    (786) 859-9094
    Request Owner's contact information
    1690 NW 108Th Ave Miami, FL 33172
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    Miami, FL 33172
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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
    1690 NW 108Th Ave Miami, FL 33172
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    We can help!
    Listing Contact
    Jimena Palmieri
    Real Estate License ID: 3235997
    (786) 859-9094
    Learn more
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