Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1650 Miami Gardens Dr North Miami Beach, FL 33179

    • Retail properties
    • 286,682 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1650 Miami Gardens Dr

    Property size
    286,682 SF
    Property type
    Retail properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.168
    Latitude
    25.9444

    Comparable in this City

    • Value Estimation by Request

      North Miami Blvd

      Medical offices
      0 North Miami Blvd, Miami, FL 33179
      View Details
    • Value Estimation by Request

      Wine & Beer Distributor Business For Sale

      Restaurants
      0 Wine & Beer Distributor Business For Sale, Miami, FL 33179
      View Details
    • Value Estimation by Request
      67,855 SF

      20855 16Th Ave

      Distribution properties • 67,855 SF
      20855 16Th Ave, Miami, FL 33179
      View Details
    • Value Estimation by Request
      286,682 SF

      1650 Miami Gardens Dr

      Retail properties • 286,682 SF
      1650 Miami Gardens Dr, North Miami Beach, FL 33179
      View Details
    • Value Estimation by Request

      601 Federal Hwy

      Retail properties
      601 Federal Hwy, Miami, FL 33179
      View Details
    • Value Estimation by Request

      189Th Ter

      Manufacturing properties
      0 189Th Ter, Miami, FL 33179
      View Details

    Similar Nearby for Sale

    • $575,000
      1,510 SF

      Miami Industrial Condo - $575K

      1,510 SF Warehouse Condo, Vacant
      20149 16Th Pl, Miami, FL 33179
      View Details
    • $2,200,000
      7,244 SF

      Flex-Office Condo for Sale

      7,244 SF flex-office condo in secure, gated business park.
      Miami, FL 33179
      View Details
    • $2,400,000
      7,244 SF

      Miami Flex Space Investment Opportunity

      7,244 SF Industrial Condo, Vacant
      20157 16Th Pl, Miami, FL 33179
      View Details
    • $1,900,000

      North Miami Industrial Land Sale

      Prime Industrial Land: I-95 Access, Gated
      500 185Th St, Miami, FL 33179
      View Details
    • $2,200,000
      7,244 SF

      Two-Story Office Condo For Sale

      7,244 SF office condo in secure, gated business park.
      20157 NE 16Th Pl, Miami, FL 33179
      View Details
    • $550,000
      1,510 SF

      Flex Space in Gated Park

      1,510 SF flex space with 24' clear height.
      20149 Northeast 16Th Pl, Miami, FL 33179
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,855 SF

      20855 16Th Ave

      Distribution properties • 67,855 SF
      20855 16Th Ave, Miami, FL 33179
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Skylake Center

      Retail space available in a busy, anchored shopping center.
      1580-1790 NE Miami Gardens Dr, Miami, FL 33179
      View Details
    • Contact for pricing
      1,789 SF

      Retail Space on Miami Gardens

      Retail space available on a major road near Aventura.
      1690-1692 Ne Miami Gardens Dr, Miami, FL 33179
      View Details
    • Contact for pricing
      12,326 SF

      Retail Space Near Hard Rock

      Retail space near Hard Rock Stadium with high traffic.
      850 Ives Dairy Rd, Miami, FL 33179
      View Details
    • $0.97 SF/Yr
      43,362 SF

      Prime Kitchen Commissary Warehouse

      Turnkey Industrial Space, 43,362 SF
      1676 205Th Ter, Miami, FL 33179
      View Details
    • $17 SF/Yr
      1,950 SF

      Warehouse/Flex-Office Near Aventura

      Warehouse/Flex-Office space near Aventura and North Miami Beach.
      20190-20208 NE 15Th Ct, Miami, FL 33179
      View Details
    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.
    1650 Miami Gardens Dr
    North Miami Beach, FL 33179
    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

    Google sign-in failed. Please try again or use another login method.