Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    5500-5632 NW 161 St Miami Lakes, FL

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr ($12,320 /Mo)

    Industrial space available for lease in Miami Gardens area.

    Property size:
    7,040 SF
    Lot size:
    10.42 Acres

    Property Features for 5500-5632 NW 161 St

    General Information

    Size
    7,040 SF
    Lot size
    10.42 Acres

    We can help!

    Listing Contact
    Will Falero
    Will Falero
    Source: Moodyscre

    Listing Agent: Will Falero

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Miami Gardens Industrial Space

    Located in the Miami Gardens area of Miami-Dade County, this industrial space offers 7,040 square feet for lease. Situated within the Palmetto Lakes Business Park, the property is adjacent to Miami Lakes and north of the Miami-Opa-Locka Executive Airport.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Miami Lakes
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3268812
    Latitude
    25.9358702

    Nearby Similar for Lease

    • $4,500 /Mo

      Turn-Key Commercial Space in Miami Lakes

      Updated 2,011 sq ft space ideal for various uses.
      4796 NW 167Th St, Miami Lakes, FL 33014
      View Details
    • $3,750 /Mo

      Miami Lakes Office Space Available

      Office space in Miami Lakes, close to amenities.
      Miami Lakes, FL 33016
      View Details
    • Contact for pricing
      11,959 SF

      Miami Lakes Industrial Flex Space

      Industrial flex space ideal for manufacturing, distribution, or headquarters.
      4740 Nw 157 St, Miami Lakes, FL
      View Details
    • $21 SF/Yr
      10,771 SF

      Miami Lakes Office Space Available

      Four-story office building with lake views and ample parking.
      8000 Governors Sq Blvd, Miami Lakes, FL
      View Details
    • $25 SF/Yr
      2,250 SF

      Miami Lakes Flex Office/Warehouse

      Turnkey flex office/warehouse space available for lease.
      8195 Nw 98 St, Miami Lakes, FL
      View Details
    • Contact for pricing
      1,980 SF

      Grocery Anchored Retail Space Available

      Retail bays available in Miami Lakes shopping center.
      15414-15432 NW 77 Ct, Miami Lakes, FL
      View Details
    • $23 SF/Yr
      3,070 SF

      Miami Lakes Office Space Available

      Renovated office space with lake views and ample parking.
      8100 Governors Sq Blvd, Miami Lakes, FL
      View Details
    • $0.08 SF/Yr
      4,384 SF

      Prime NW Miami-Dade Office Space

      4,384 SF Freestanding Office Building
      16340 59Th Ave, Miami Lakes, FL 33014
      View Details
    • $18 SF/Yr
      32,000 SF

      Miami Lakes Industrial Space

      32,000 SF Industrial; Available Q2 2024
      14545 60Th Ave, Miami Lakes, FL 33014
      View Details
    • Contact for pricing
      4,415 SF

      Miami Lakes Retail Space Available

      Retail bays available in a grocery-anchored shopping center.
      15434-15544 NW 77 Ct, Miami Lakes, FL
      View Details
    • $0.61 SF/Yr
      38,304 SF

      Parkside Corporate Center I Office Building

      Miami Lakes Office Building: 38,304 sq ft, Single Tenant
      15280 79 Ct, Miami Lakes, FL 33016
      View Details
    • $23 SF/Yr
      2,084 SF

      Renovated Office Space Available

      Move-in ready office space with excellent access and amenities.
      15500 New Barn Rd, Miami Lakes, FL
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial space available for lease in Miami Gardens area.
    Where is this industrial property located?
    The property is located at 5500-5632 NW 161 St Miami Lakes, FL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Conveniently located in Palmetto Lakes Business Park.; - Adjacent to Miami Lakes.; - Located in the Miami Gardens area of Miami-Dade County.
    (786) 389-3236
    Request Owner's contact information
    5500-5632 NW 161 St Miami Lakes, FL
    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.
    5500-5632 NW 161 St
    Miami Lakes, FL
    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
    5500-5632 NW 161 St Miami Lakes, FL
    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
    Will Falero
    Will Falero
    (786) 389-3236
    Learn more
    Google sign-in failed. Please try again or use another login method.