Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Miami, FL 33185

    Property Lookup

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

    Miami, FL 33185

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details

    Property type
    Specialty properties

    Description

    This exceptional 0.23-acre vacant lot presents a remarkable investment opportunity in the desirable Miami, Florida area. Located in the SW Athol Sub PB 2-10, this property boasts a strategic position near established residential neighborhoods, offering convenient access to a wealth of amenities. Within easy reach are shopping centers, providing residents with a variety of retail options. Families will appreciate the proximity to schools and churches, fostering a strong sense of community. Furthermore, the presence of a nearby hospital ensures peace of mind and readily available healthcare services. The lot's address is SW Athol Sub PB 2-10, Miami, FL 33185, with GPS coordinates of 25.733888 latitude and -80.4604643 longitude. This vacant land is ideal for those seeking to build their dream home or develop a profitable investment property in a thriving South Florida market. The asking price is $65,000. Serious inquiries are encouraged; submit your offer today. The property is classified as Special Purpose.

    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
    -80.4605
    Latitude
    25.7339

    Comparable in this City

    • Value Estimation by Request

      167Th Ave

      Specialty properties
      0 167Th Ave, Miami, FL 33185
      View Details
    • Value Estimation by Request

      30-49-07-002-0025 Unincorporated

      Specialty properties
      0 30-49-07-002-0025 Unincorporated, Miami, FL 33185
      View Details
    • Value Estimation by Request

      147Th Ave

      Specialty properties
      0 147Th Ave, Miami, FL 33185
      View Details
    • Value Estimation by Request

      Miami, FL 33185

      Specialty properties
      Miami, FL 33185
      View Details
    • Value Estimation by Request

      Unincorporated Dade County, FL 33185

      Specialty properties
      Unincorporated Dade County, FL 33185
      View Details
    • Value Estimation
      $2,455,000
      76,551 SF

      14901 42nd St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 76,551 SF
      14901 42nd St, Miami, FL 33185-4535
      View Details

    Similar Nearby for Sale

    • $99,000

      Miami Special Purpose Property

      High-Return Investment Opportunity in Miami
      Miami, FL 33185
      View Details
    • $1,000,000
      5.00 Acres

      5 Acre Parcel in Miami

      5 acre commercial land parcel for sale in Miami, FL.
      169 169Th Ave, Miami, FL 33185
      View Details
    • $2,000,000
      10.00 Acres

      10 Acres Land in Miami

      10 acre parcel near SW 48 Street and 169 Avenue.
      169 169Th Ave, Miami, FL 33185
      View Details
    • $150,000
      0.50 Acres

      Unimproved Land in Miami-Dade County

      Half-acre lot in Miami-Dade County with development potential.
      SW 44Th St, Miami, FL 33185
      View Details
    • $70,000

      Land in Miami For Sale

      Land suitable for farming, mining, recreation, or investment.
      42 sw 162Nd Ave, Miami, FL 33185
      View Details
    • $895,000

      Profitable Insurance Business For Sale

      Established insurance business with franchise agreement and active accounts.
      14772 SW 56Th St, Miami, FL 33185
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Publix Anchored Center

      Retail spaces available in a high-volume shopping center.
      152 SW 152Nd Ave, Miami, FL 33185
      View Details
    • $2 SF/Yr
      15,000 SF

      Miami Office Condo For Rent

      15,000 sq ft renovated office suite
      14850 26Th St, Miami, FL 33185
      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.
    Miami, FL 33185
    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.
    Sign Up Successful!
    You now have access to more from Realmo!