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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3909 Garden Ave Miami, FL 33140

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 3909 Garden Ave

    Year built
    2022
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1346
    Latitude
    25.8124

    Comparable in this City

    • Value Estimation by Request
      3,329 SF

      830 40Th St

      Multifamily properties • 3,329 SF
      830 40Th St, Miami Beach, FL 33140
      View Details
    • Value Estimation by Request
      5,366 SF

      3921 Meridian Ave

      Multifamily properties • 5,366 SF
      3921 Meridian Ave, Miami Beach, FL 33140
      View Details
    • Value Estimation by Request

      815 39Th St

      Multifamily properties
      815 39Th St, Miami Beach, FL 33140
      View Details
    • Value Estimation by Request
      5,200 SF

      3909 Garden Ave

      Multifamily properties • 5,200 SF
      3909 Garden Ave, Miami, FL 33140
      View Details
    • Value Estimation by Request

      Boardwalk Miami Beach Blvd

      Multifamily properties
      Boardwalk Miami Beach Blvd, Miami Beach, FL 33140
      View Details
    • Value Estimation by Request
      7,026 SF

      670 46Th St

      Multifamily properties • 7,026 SF
      670 46Th St, Miami Beach, FL 33140
      View Details

    Similar Nearby for Sale

    • $10,790,000
      5,366 SF

      Miami Beach Waterfront Fourplex

      Luxury 4-unit building, prime location.
      3921 Meridian Ave, Miami Beach, FL 33140
      View Details
    • $2,199,000

      Mid-Beach Triplex Investment Opportunity

      Miami Beach waterfront triplex, high rental income.
      2811 Indian Creek Dr, Miami Beach, FL 33140
      View Details
    • $2,250,000

      Multifamily Property Near Miami Beach

      Multifamily property with three units near Miami Beach Golf Club.
      2024 Alton Rd, Miami Beach, FL 33140
      View Details
    • $3,800,000

      Renovated Multifamily in Miami Beach

      Boutique 12-unit multifamily property with strong income and rental upside.
      2822 Pine Tree Dr, Miami Beach, FL 33140
      View Details
    • $7,600,000
      0.25 Acres

      Miami Beach Multifamily Investment

      16-unit building near beaches, parks, and shopping centers.
      2436 Flamingo Dr, Miami Beach, FL 33140
      View Details
    • $1,450,000

      Miami Beach Multifamily Investment Opportunity

      Fully occupied 4-unit building plus efficiency in prime Miami Beach.
      830 W 40Th St, Miami Beach, FL 33140
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Updated Waterfront Unit in Miami

      Updated 1/1 waterfront unit in central Miami Beach location.
      4740 Pine Tree Dr, Miami Beach, FL 33140
      View Details
    • $2,600 /Mo

      Renovated Residence on Pine Tree

      Renovated residence in Miami Beach with pool and boat dock.
      4710 Pine Tree Dr, Miami Beach, FL 33140
      View Details
    • $46 SF/Yr
      60,000 SF

      Miami Beach Office Space

      Class A Office, Prime Location, Flexible Suites
      410 41 St, Miami Beach, FL 33140
      View Details
    • $30 SF/Yr
      36,947 SF

      Miami Beach Office Space for Lease

      Prestigious Miami Beach office, flexible suites.
      301 Arthur Godfrey Rd, Miami Beach, FL 33140
      View Details
    • $0.16 SF/Yr
      4,800 SF

      Miami Beach Retail Space for Lease

      Prime 4,800 SF Retail Space in Miami Beach
      535 41 St, Miami Beach, FL 33140
      View Details
    • $1,500 /Mo

      Miami Beach Office/Retail Space

      Office or retail space in a prime Miami Beach location.
      5445 Collins Ave, Miami Beach, FL 33140
      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.
    3909 Garden Ave
    Miami, FL 33140
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.