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    167Th Ave Miami, FL 33185
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    167Th Ave, Miami, FL 33185

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    Cap Rate Potential
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    Current Use by Public Records

    • Land

    Property Details for 0 167Th Ave

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 7.5-acre agricultural land parcel in Miami, Florida, presents a compelling investment opportunity. Located in Miami-Dade County, specifically on SW 167th AVE, zip code 33185 (latitude 25.6984444, longitude -80.4625395), this property is designated as a Blue Zone, offering unique development possibilities. The asking price is $400,000. Its agricultural zoning opens doors for various uses, including, but not limited to, the construction of a cell tower or the establishment of a soil testing station. The property's strategic location within Miami's dynamic market makes it an attractive proposition for both short-term and long-term investors. The seller is motivated, indicating a potential for a swift and favorable transaction. This is a rare chance to acquire a sizable tract of land in a high-growth area with significant upside potential. The property's suitability for a cell tower or soil testing station is highlighted as a key advantage, but further due diligence is recommended to explore all potential uses within the existing zoning regulations. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is being sold "as is."

    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
    -80.4625
    Latitude
    25.6984

    Comparable in this City

    • Value Estimation
      $6,000,000
      0.82 Acres

      Miami, FL 33185

      VACANT COMMERCIAL LAND
      Miami, FL 33185
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    • Value Estimation by Request
      630 SF

      14850 26th St Ste, Unit 213

      OFFICE BUILDING (MULTI-STORY)
      14850 26th St Ste, Miami, FL 33185-5932
      View Details
    • Value Estimation by Request
      685 SF

      14850 26th St Ste, Unit 110

      OFFICE BUILDING (MULTI-STORY)
      14850 26th St Ste, Miami, FL 33185-5930
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    • Value Estimation by Request
      701 SF

      14850 26th St Ste, Unit 211

      OFFICE BUILDING (MULTI-STORY)
      14850 26th St Ste, Miami, FL 33185-5932
      View Details
    • Value Estimation
      $3,090,000
      6,715 SF

      14700 56th St

      SERVICE STATION (FULL SERVICE)
      14700 56th St, Miami, FL 33185-4041
      View Details
    • Value Estimation
      $4,035,000
      8,880 SF

      5420 157th Ave

      OFFICE BUILDING
      5420 157th Ave, Miami, FL 33185-5299
      View Details

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    167Th Ave
    Miami, FL 33185
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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.

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