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

    28 000 Sq, Unit Feet Of Vacant Land Available For Lease Palmetto Bay, FL 33157

    Sponsored
    Picture of Commercial land at 000 Sq 28, Palmetto Bay, FL
    For Lease
    $1.00 SF/Yr

    Mixed Use - Palmetto Bay, FL

    Type:Mixed Use
    Days on Market:
    32
    Last Refresh:
    Feb 8 at 7:06 pm

    Property Features for 28 000 Sq

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Antonio Cristobal
    Antonio Cristobal

    Real Estate Sales Force (305) 392-1497

    Listing agent Antonio Cristobal (305) 392-1497 License #3253230

    Listing date Jan 8, 2026

    MLS# A11941507 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

    Overview

    Vacant Land For Lease

    Just over 28,000 square feet of vacant land is available for lease, offering versatility and development potential. This expansive site provides a blank canvas for a range of commercial and recreational uses. With a functional layout and ample space, the property is suited for outdoor pickleball courts, small soccer fields, sports training facilities, event space, or other outdoor concepts. This site allows for recreational, fitness-oriented, pop-up concepts, or specialty outdoor businesses. The property is located in Palmetto Bay, Florida, 33157, in Miami-Dade County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Palmetto Bay
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3427
    Latitude
    25.6064

    Nearby Similar for Lease

    • $5,500 /Mo

      Palmetto Bay Commercial Space

      Flexible commercial space ideal for retail, office, or warehouse.
      10650 SW 186 Dr, Palmetto Bay, FL 33157
      View Details
    • $3,500 /Mo

      Palmetto Bay Retail/Office Space

      800 sqft retail/office space in Palmetto Bay available for rent.
      9225 SW 158Th Ln, Palmetto Bay, FL 33157
      View Details
    • $11,000 /Mo

      Retail Space on US1

      2,200 SF retail space for rent in Palmetto Bay.
      15801 S Dixie Hwy, Palmetto Bay, FL 33157
      View Details
    • $7,640 /Mo

      Palmetto Bay Retail/Medical Space

      1,528 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $5,430 /Mo

      Retail Space in Palmetto Bay

      1086 sqft space ideal for medical or aesthetic businesses.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • New
      $3,000 /Mo

      Palmetto Bay Industrial Warehouse Space

      Industrial warehouse space for lease in Palmetto Bay, Florida.
      10780 Sw 190Th St, Palmetto Bay, FL 33157
      View Details
    • $4,590 /Mo

      Palmetto Bay Retail/Medical Space

      918 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $4,040 /Mo

      Palmetto Bay Retail/Medical Space

      808 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • New
      $1,600 /Mo

      Prime Retail/Medical Space Available

      264 SF space ideal for medical or retail use.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $35 SF/Yr
      1,684 SF

      Professional Suites on South Dixie

      Class B office suites for lease with excellent visibility.
      8925 SW 148Th Dr, Palmetto Bay, FL 33158
      View Details
    • $0.26 SF/Yr
      2,176 SF

      Palmetto Bay Office Space For Lease

      Prime Office, 2176 sq ft, US-1 Frontage
      17225 Dixie Hwy, Palmetto Bay, FL 33157
      View Details
    • $1.87 SF/Yr
      40,838 SF

      Palmetto Bay Retail Space For Lease

      1,528 SF Retail Space - Immediate Occupancy
      8950 152 St, Palmetto Bay, FL 33157
      View Details

    FAQs

    What type of property is this?
    Commercial land - 28,000 square feet of vacant land available for lease.
    Where is this commercial land located?
    The property is located at 28 000 Sq, Unit Feet Of Vacant Land Available For Lease Palmetto Bay, FL.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Expansive 28,000+ sq ft vacant land parcel.; - Versatile site suitable for diverse commercial/recreational uses.; - Functional layout and ample space for development.
    (786) 457-3211
    Request Owner's contact information
    28 000 Sq, Unit Feet Of Vacant Land Available For Lease Palmetto Bay, FL 33157
    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.
    28 000 Sq, Unit Feet Of Vacant Land Available For Lease
    Palmetto Bay, FL 33157
    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
    28 000 Sq, Unit Feet Of Vacant Land Available For Lease Palmetto Bay, FL 33157
    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
    Antonio Cristobal
    Antonio Cristobal
    Real Estate License ID: 3253230
    (786) 457-3211
    Learn more
    Google sign-in failed. Please try again or use another login method.