Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20329 Old Cutler Rd Cutler Bay, FL 33189
    Back to Search
    Property profile & analytics

    20329 Old Cutler Rd Cutler Bay, FL 33189

    View on Map
    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 20329 Old Cutler Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 158,800 square foot mixed-use development site presents a lucrative redevelopment opportunity in the highly desirable Cutler Bay, Florida area. Located at 20329 Old Cutler Rd, 33189, this property offers unparalleled potential for a variety of uses, including apartment buildings, hotels, and shopping centers. The asking price is $10,750,000. Its strategic location provides convenient access to major roadways, ensuring excellent connectivity for residents and patrons. The surrounding area boasts a vibrant mix of amenities, including numerous restaurants, shopping centers, a mall, and gas stations, creating a thriving and attractive environment. The property's size and zoning allow for significant development potential, catering to a wide range of investment strategies. This is an ideal location for investors seeking to capitalize on the strong demand for residential and commercial spaces in this rapidly growing South Florida market. The site's proximity to major transportation routes and a wealth of nearby amenities makes it an exceptionally attractive investment opportunity. This prime location offers a unique chance to create a thriving mixed-use development in a highly sought-after area. The property is zoned for hospitality, mixed-use, multifamily, office, and retail uses, providing flexibility for a variety of development plans. Consider the potential for a hotel, multifamily residential complex, or a combination of uses to maximize returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cutler Bay
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.336
    Latitude
    25.5784

    Comparable in this City

    • Value Estimation by Request

      20508 211Th St

      Multifamily properties
      20508 211Th St, Miami, FL 33189
      View Details
    • Value Estimation by Request

      20500 92Nd Pl

      Multifamily properties
      20500 92Nd Pl, Cutler Bay, FL 33189
      View Details
    • Value Estimation by Request
      2,545 SF

      20075 87Th Pl

      Multifamily properties • 2,545 SF
      20075 87Th Pl, Cutler Bay, FL 33189
      View Details
    • Value Estimation
      $45,905,000
      149,904 SF

      20519 Dixie Hwy

      MINI-MALL • 149,904 SF
      20519 Dixie Hwy, Cutler Bay, FL 33189-1213
      View Details
    • Value Estimation by Request

      20601 Manta Dr

      Multifamily properties
      20601 Manta Dr, Cutler Bay, FL 33189
      View Details
    • Value Estimation
      $4,445,000
      516,100 SF

      20505 Dixie Hwy

      MINI-MALL • 516,100 SF
      20505 Dixie Hwy, Cutler Bay, FL 33189-1229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,545 SF

      Converted Duplex Ready for Next

      Fully renovated duplex ideal for investors or flexible living.
      20075 SW 87Th Pl, Cutler Bay, FL 33189
      View Details
    • $1,500,000
      0.97 Acres

      Goulds Development Opportunity

      Under-constructed structure on a corner lot in Goulds.
      21571 SW 110Th Ave, Miami, FL 33189
      View Details
    • Contact for pricing

      Golden Glades Office Space Available

      Office space with multiple offices, shared amenities, and on-site parking.
      15383 NW 7Th Ave, Miami, FL 33189
      View Details
    • Contact for pricing

      Prime Miami Location on Caribbean

      Office location with daycare lease income and redevelopment potential.
      10875 Caribbean Blvd, Miami, FL 33189
      View Details
    • Contact for pricing

      20630 S Dixie Hwy, Miami, FL 33189

      Commercial land
      20630 S Dixie Hwy, Miami, FL 33189
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Publix-Anchored Retail Center

      Retail and restaurant spaces available in Cutler Bay, Florida.
      20871 Old Cutler Rd, Cutler Bay, FL 33189
      View Details
    • Contact for pricing

      Functional Duplex Near Southland Mall

      Comfortable 2BR/1BA duplex with updated kitchen and spacious backyard.
      11330 SW 207Th Dr, Miami, FL 33189
      View Details
    • $1,900 /Mo
      Pending

      Two-Bedroom Duplex Unit For Rent

      Two-bedroom, one-bathroom duplex unit with shared backyard.
      11467 SW 215Th St, Miami, FL 33189
      View Details
    • $12 SF/Yr

      Cutler Bay Duplex Ready Now

      Two-bedroom, two-bath duplex unit available for rent.
      20044 SW 87Th Pl, Cutler Bay, FL 33189
      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.
    20329 Old Cutler Rd
    Cutler Bay, FL 33189
    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

    Thank You for Inquiry
    20329 Old Cutler Rd, Cutler Bay, FL, 33189
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!