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    15410 77 Ct Miami Lakes, FL 33016

    Sponsored
    For Lease
    $20 SF/Yr

    Miami Lakes retail center, 7 spaces available

    Lot size:
    171,741 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    Royal Oaks Plaza, located at 15410 NW 77th Ct, Miami Lakes, FL 33016 (NWC of N.W. 154th St & SR-826), offers exceptional retail opportunities. This Class B, 171,741 square foot shopping center, built in 1987, features two single-story buildings with a total of 48 suites. Spaces range from 1,275 to 4,415 square feet, with a maximum contiguous space of 5,359 square feet. The property sits on 13.66 acres and boasts 744 parking spaces. Currently, seven spaces are available. The center is anchored by a Winn-Dixie grocery store and is surrounded by a strong tenant mix including Outback Steakhouse, Bank of America, Chase Bank, Massage Envy, Uni-K Wax, Supercuts, Anthony's Coal Fired Pizza, Orange Theory Fitness, T-Mobile, KFC, an ice cream parlor, Jetstream Credit Union, Subway, and Pinch-A-Penny. Benefit from a high-traffic location with over 23,500 vehicles daily on NW 154th Street and over 143,500 vehicles on SR-826/Palmetto Expressway. The area also boasts over one million square feet of office space within one mile and a significant daytime employee population exceeding 8,900 within one mile and over 55,000 within three miles. The property is zoned BU-1A and its APN is 32-2015-006-0010. This is the largest grocery-anchored shopping center in Miami Lakes.

    Property Features for 15410 77 Ct

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    171,741 SF
    Class
    B
    Total Rate
    286235

    Building Details

    Year Built
    1987
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    15430
    Size
    1,700 SF
    Rate per SF
    $26
    Space
    15442
    Size
    2,411 SF
    Rate per SF
    $20
    Space
    15460
    Size
    1,275 SF
    Rate per SF
    $33
    Space
    15514
    Size
    1,700 SF
    Rate per SF
    $26
    Space
    15516
    Size
    4,415 SF
    Rate per SF
    $20
    Space
    15522
    Size
    1,470 SF
    Rate per SF
    $26

    We can help!

    Listing Contact
    Edward Schmidt
    Edward Schmidt

    Learn more

    HighLights

    • Miami Lakes' premier grocery‑anchored shopping center.
    • Retail spaces ranging from 1,275 to 4,415 square feet available.
    • Strong tenant mix including Winn‑Dixie, Outback Steakhouse, and other national and local businesses.
    • Over 1 million square feet of office space within one mile.
    • High daytime employee density: 8,900+ within one mile, 55,000+ within three miles.
    • Excellent visibility and accessibility: 23,500+ vehicles daily on NW 154th Street and 143,500+ on SR‑826/Palmetto Expressway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Lakes
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3284992
    Latitude
    25.9136113

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    FAQs

    What type of property is this?
    Restaurant - Miami Lakes retail center, 7 spaces available
    Where is this restaurant located?
    The property is located at 15410 77 Ct Miami Lakes, FL.
    What is the lease rate?
    The lease rate is $20-$33 SF/Yr.
    What are key features of this property?
    This property features: Miami Lakes' premier grocery-anchored shopping center.; Retail spaces ranging from 1,275 to 4,415 square feet available.; Strong tenant mix including Winn-Dixie, Outback Steakhouse, and other national and local businesses.
    Request Owner's contact information
    15410 77 Ct Miami Lakes, FL 33016
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    Miami Lakes, FL 33016
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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
    15410 77 Ct Miami Lakes, FL 33016
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    We can help!
    Listing Contact
    Edward Schmidt
    Edward Schmidt
    Real Estate License ID: 0473167
    Learn more
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