Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    9800 40Th St Olympia Heights, FL 33165

    Property Lookup

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

    9800 40Th St Olympia Heights, FL 33165

    View on Map
    • Retail properties & Spaces
    • 36,361 SF
    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 for 9800 40Th St

    Property size
    36,361 SF
    Property type
    Retail properties & Spaces

    Description

    Jack's Shopping Center & Elie's Corner offers a fantastic retail opportunity in the thriving Olympia Heights area of Miami-Dade County, Florida. This multi-tenant retail center boasts a total of 36,361 square feet and currently has one available unit measuring 1,495 square feet, perfect for a variety of businesses. The property is strategically located at 9800 SW 40th St, 33165, providing exceptional visibility and exposure to Bird Road, a major thoroughfare with a remarkable daily traffic count of 48,400 vehicles. This high volume of traffic translates to significant potential for customer footfall and business growth. The property is classified as Retail, with multiple tenancies, ensuring a vibrant and bustling atmosphere. The building's prime location in Olympia Heights, Miami-Dade County, offers easy access for customers and employees alike. This is an exceptional chance to establish or expand your business in a high-demand retail location with proven high traffic counts. The available space is ready for immediate occupancy and presents a unique opportunity to capitalize on the significant foot traffic and visibility offered by this established shopping center. Don't miss this chance to secure a prominent retail presence in a thriving South Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olympia Heights
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3543
    Latitude
    25.7322

    Comparable in this City

    • Value Estimation by Request

      Beauty Salon For Sale On Bird Rd

      Individual retail properties
      0 Beauty Salon For Sale On Bird Rd, Miami, FL 33165
      View Details
    • Value Estimation by Request
      308,509 SF

      11381 40Th St

      Retail properties & Spaces • 308,509 SF
      11381 40Th St, Miami, FL 33165
      View Details
    • Value Estimation by Request

      107 And Bird Rd

      Individual retail properties
      107 And Bird Rd, University Park, FL 33165
      View Details
    • Value Estimation by Request
      36,361 SF

      9898 40Th St

      Retail properties & Spaces • 36,361 SF
      9898 40Th St, Miami, FL 33165
      View Details
    • Value Estimation by Request

      Restaurant With Liquor License

      Restaurants
      0 Restaurant With Liquor License, Miami, FL 33165
      View Details
    • Value Estimation by Request

      107xx 24Th St

      Individual retail properties
      107xx 24Th St, Miami, FL 33165
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Miami, Florida.
      11399 SW 40Th St, Miami, FL 33165
      View Details
    • $180,000

      Turnkey Beauty Salon in Miami

      Fully equipped beauty salon with treatment rooms and stations.
      2710 SW 87Th Ave, Miami, FL 33165
      View Details
    • $14,800,000

      New Construction Retail/Office/Medical Building

      Four-story building with retail, office, and parking. Seller financing.
      8966 Bird Rd, Miami, FL 33165
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Food Truck Location on Bird Road

      Food truck location available for rent on Bird Road.
      Miami, FL 33165
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Shopping Center

      Retail space available in a high-traffic shopping center.
      8727-8771 SW 24Th St, Miami, FL 33165
      View Details
    • Contact for pricing
      750 SF

      Retail Space on Bird Road

      Retail space with pylon sign and frontage on Bird Rd.
      8820 SW 40Th St, Miami, FL 33165
      View Details
    • Contact for pricing
      1,000 SF

      Retail Strip Center For Rent

      Retail strip center in West Miami submarket available for lease.
      10670-10694 SW 24Th St, Miami, FL 33165
      View Details
    • Contact for pricing
      600 SF

      Retail Space in West Bird

      Retail space for lease in a Publix-anchored shopping center.
      11425-11495 SW 40Th St, Miami, FL 33165
      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.
    9800 40Th St
    Olympia Heights, FL 33165
    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

    9800 40Th St, Olympia Heights, FL, 33165

    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!