Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    7750 117Th Ave Miami, FL 33183

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Otero Law, PLLC - Estate Planning Attorney Miami Florida / Legal Services
    • Luis Peters - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • First Payment Systems / Loan Agency
    • Elavon | CenPOS / Business To Business Service
    • Quixote Advertising Group / Advertising Agency

    Property Details for 7750 117Th Ave

    Year built
    2007
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,100 square foot office suite, located at 7750 SW 117th Ave #204 in Miami, Florida, presents a fantastic opportunity. Built in 2007, this professional space is situated within a well-maintained, contemporary office building in the heart of Kendall. The building boasts impact windows, an elevator, and excellent visibility on a busy thoroughfare. The open floor plan allows for customization to suit individual business needs. The suite includes three open office areas, workstations, a designated conference space, and a convenient kitchen/break room. Two assigned covered parking spaces are included, along with ample free guest and handicapped parking. Its prime location offers easy access to major highways, shopping centers, and other amenities. The building's bylaws prohibit medical use. This turnkey office suite is priced at $499,000 and is ready for immediate occupancy. The property is located in Miami-Dade County, Florida, with a zip code of 33183.

    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
    -80.3826
    Latitude
    25.6964

    Comparable in this City

    • Value Estimation by Request

      8200 117Th Ave

      Office Properties & Spaces
      8200 117Th Ave, Miami, FL 33183
      View Details
    • Value Estimation by Request

      7750 117Th Ave

      Office Properties & Spaces
      7750 117Th Ave, Miami, FL 33183
      View Details
    • Value Estimation by Request

      Tree Services In Miami

      Office Properties & Spaces
      0 Tree Services In Miami, Miami, FL 33183
      View Details
    • Value Estimation by Request
      1,529 SF

      8200 117th Ave Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 1,529 SF
      8200 117th Ave Ste, Miami, FL 33183-4825
      View Details
    • Value Estimation by Request
      1,945 SF

      8000 117th Ave Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 1,945 SF
      8000 117th Ave Ste, Miami, FL 33183-4809
      View Details
    • Value Estimation by Request
      1,013 SF

      8501 124th Ave Ste 102a

      OFFICE BUILDING (MULTI-STORY) • 1,013 SF
      8501 124th Ave Ste 102a, Miami, FL 33183-4631
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Miami Office Space: Kendall Village

      Class A Office Condo, Prime Kendall Location
      8501 124Th Ave, Miami, FL 33183
      View Details
    • $700,000

      Miami Executive Office Space for Sale

      Established Tree Service Business - High ROI Potential
      0 Tree Services In Miami, Miami, FL 33183
      View Details
    • Contact for pricing
      36,400 SF

      Kendall Area Office Building

      Centrally located office building in Kendall with ample parking.
      7990 SW 117Th Ave, Miami, FL 33183
      View Details
    • Contact for pricing

      Individual Desk Work Space

      Flexible, individual desk spaces with 24/7 access and no contracts.
      5600 SW 135Th Ave, Miami, FL 33183
      View Details
    • $1,400,000

      Corner Class A Medical Office

      Bright, spacious office in Kendall Village. Ideal for medical/professional use.
      8501 SW 124Th Ave, Miami, FL 33183
      View Details
    • Contact for pricing

      Class A Office Suite

      Well-designed office suite suitable for various business uses.
      8000 SW 117Th Ave, Miami, FL 33183
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      36,400 SF

      Prime Kendall Office Space

      Miami Office Building - 36,400 SF
      7990 117 Ave, Kendall, FL 33183
      View Details
    • $0.52 SF/Yr
      30,000 SF

      Miami Office Building: 30,000 SF

      Class A Office, Single Tenant, Move-In Ready
      8501 124Th Ave, Miami, FL 33183
      View Details
    • $2,500 /Mo
      2,399 SF

      Kendall Medical Office Space Available

      Prime medical office space in a well-established professional building.
      8200 SW 117Th Ave, Miami, FL 33183
      View Details
    • Contact for pricing
      2,007 SF

      Open-Air Lifestyle Center Space

      Retail space in an 80-acre open-air lifestyle center.
      8520-8528 Mills Dr, Miami, FL 33183
      View Details
    • Contact for pricing
      293,001 SF

      Kendale Lakes Plaza Retail Center

      Prime Miami Retail Space - High Traffic Area
      0 137Th Ave, Miami, FL 33183
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in TJ Maxx Plaza

      Retail space available in high-density West Kendall market.
      7200-7572 SW 117Th Ave, Miami, FL 33183
      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.
    7750 117Th Ave
    Miami, FL 33183
    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.