Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    13205 137Th Ave Miami, FL 33186

    Property Lookup

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

    13205 137Th Ave Miami, FL 33186

    View on Map
    • Retail properties & Spaces
    • 32,104 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Claims Support, Inc. / Insurance Agency
    • Tax Pros / Tax Preparation
    • CORA Health Services Rapid Referral / Physician
    • Hertz / Car Rental Facility
    • Tamiami Insurance & Services Inc / Insurance Agency

    Property Details for 13205 137Th Ave

    Year built
    1997
    Property size
    32,104 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Tamair Plaza offers a unique investment opportunity in Miami-Dade County. This two-building complex, constructed in 1997, boasts a total of 32,104 square feet of versatile space, ideal for a variety of uses. The property features a mix of storefront retail spaces on the first floor, providing excellent street visibility and exposure from the heavily trafficked 137th Avenue (with over 75,000 cars passing daily). The second floor offers office space, well-suited for medical, accounting, or other professional practices. Units are available in sizes ranging from a minimum of 650 square feet to a maximum contiguous space of 14,104 square feet, allowing for flexibility to accommodate various business needs. The property includes ample parking with 230 spaces and two elevators for convenient access to both floors. The zoning is BU-1A. Recent renovations enhance the property's appeal. The convenient lease terms and central location on 137th Avenue, combined with easy access and a large parking area, make Tamair Plaza an exceptional choice for businesses seeking a high-visibility location in a thriving Miami-Dade County market. The property is well-suited for both retail and professional office tenants.

    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
    -80.4145
    Latitude
    25.6441

    Comparable in this City

    • Value Estimation by Request

      137 88 St

      Individual retail properties
      137 88 St, Kendale Lakes, FL 33186
      View Details
    • Value Estimation
      $1,280,000
      3,058 SF

      13090 120th St

      RETAIL STORES (PERSONAL SERVICES) • 3,058 SF
      13090 120th St, Miami, FL 33186-4527
      View Details
    • Value Estimation
      $1,740,000
      6,261 SF

      12011 131st Ave, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 6,261 SF
      12011 131st Ave, Miami, FL 33186-6491
      View Details
    • Value Estimation by Request
      2,100 SF

      000 In Sales

      Restaurants • 2,100 SF
      000 In Sales, Miami, FL 33186
      View Details
    • Value Estimation by Request

      12855 136Th Ave

      Retail properties & Spaces
      12855 136Th Ave, Miami, FL 33186
      View Details
    • Value Estimation by Request

      12388 127Th Ave

      Restaurants
      12388 127Th Ave, Miami, FL 33186
      View Details

    Similar Nearby for Sale

    • $750,000

      Turnkey Fish Market in Kendall

      Extensively renovated fish market with distribution, ready for immediate operation.
      Top Of The Line Fish & Seafood Market With Distribution In Miami, Miami, FL 33186
      View Details
    • $1,200,000

      Established Pool Business in Kendall

      Profitable pool design and construction business for sale in Kendall.
      Established Fully License And Insured Pool/Spa Business For Sale, Kendall, FL 33186
      View Details
    • $1,995,000

      Miami Warehouse Condo Near Airport

      6,121 SF warehouse condo near Tamiami Airport.
      13275 SW 136Th St, Miami, FL 33186
      View Details
    • $3,080,000
      17,954 SF

      Retail Property in Miami, FL

      Retail property available for sale in Miami, Florida.
      11115 SW 132Nd Ave, Miami, FL 33186
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,193 SF

      Retail and Office Space Available

      Multi-use property with retail and office spaces for lease.
      13440 SW 120Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Retail Space at Kendall Drive

      Retail space available in a shopping center at Kendall Drive.
      13600 Southwest 88Th St, Miami, FL 33186
      View Details
    • Contact for pricing
      2,304 SF

      Retail Space in Kendall Shopping Center

      Retail space available in a popular Kendall shopping center.
      13550-13750 SW 120Th St, Miami, FL 33186
      View Details
    • $45 SF/Yr

      Market Square Retail Space Available

      Prime retail space available in March at Market Square.
      11700 SW 104Th St, Miami, FL 33186
      View Details
    • $35 SF/Yr
      2,304 SF

      Retail Space in Kendall, FL

      Retail space available in a prime Kendall location.
      13550 Southwest 120Th St, Miami, FL 33186
      View Details
    • Contact for pricing
      1,600 SF

      Grocery-Anchored Shopping Center Retail Space

      Recently renovated retail space in a grocery-anchored shopping center.
      12528-12690 SW 88Th St, Miami, FL 33186
      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.
    13205 137Th Ave
    Miami, FL 33186
    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

    13205 137Th Ave, Miami, FL, 33186

    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!