Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    153XX 177 Ave Krome Ave Richmond West, FL 33187

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 153XX 177 Ave Krome Ave

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 2-acre agricultural property, located at 153XX SW 177 Ave (Krome Ave) in Miami, Florida, 33187, presents a unique investment opportunity. Situated in Miami-Dade County, near Richmond West, this land boasts prime Krome Avenue frontage, ensuring high visibility and accessibility. Currently configured as a functioning plant nursery, the property includes an existing irrigation system, ready for immediate use. The asking rent is $3,900 per month. The property's ideal location and existing infrastructure make it perfect for a variety of agricultural uses, including, but not limited to, plant nurseries, horse stables (with the potential to construct additional barns), petting zoos, or even a fruit stand. The property's zoning strictly limits use to agricultural purposes

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond West
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.466
    Latitude
    25.5994

    Comparable in this City

    • Value Estimation by Request

      20235 172Nd Ave

      Farms
      20235 172Nd Ave, Miami, FL 33187
      View Details
    • Value Estimation by Request

      21300 160Th St

      Farms
      21300 160Th St, Miami, FL 33187
      View Details
    • Value Estimation by Request

      207Th Ave

      Farms
      0 207Th Ave, Miami, FL 33187
      View Details
    • Value Estimation by Request

      15895 172Nd St

      Farms
      15895 172Nd St, Miami, FL 33187
      View Details
    • Value Estimation by Request
      2.20 Acres

      200Th St

      Farms • 2.20 Acres
      0 200Th St, Miami, FL 33187
      View Details
    • Value Estimation by Request

      173XX 157Th St

      Farms
      173XX 157Th St, Miami, FL 33187
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Miami Agricultural Land - 5 Acres

      Prime Miami-Dade County farmland, income potential.
      20235 172Nd Ave, Miami, FL 33187
      View Details
    • $1,750,000
      2.08 Acres

      Krome Avenue Land Opportunity

      2.08 acres on Krome Ave, Miami, with income potential.
      18955 SW 177Th Ave, Miami, FL 33187
      View Details
    • $420,000

      5.3 Acres Canal Front Land

      5.3 acres of fenced land with irrigation and canal frontage.
      19550 SW 153Rd Ave, Miami, FL 33187
      View Details
    • Contact for pricing

      125 Acres Avocado Grove Land

      125 acres avocado grove with development potential.
      21640 SW 172Nd Ave, Miami, FL 33187
      View Details
    • $1,150,000
      5.00 Acres

      5 Acre Nursery Opportunity

      5 acre fenced land with irrigation, great nursery setup.
      20850 SW 210Th St, Miami, FL 33187
      View Details
    • $1,600,000
      2.50 Acres

      Agricultural Lot with Greenhouses

      2.5-acre agricultural lot with greenhouses, wells, and electric infrastructure.
      Miami, FL 33187
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Krome Avenue

      Commercial land for rent with high visibility and accessibility.
      20090 SW 177Th Ave, Miami, FL 33187
      View Details
    • Contact for pricing
      1,413 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Miami-Dade, excellent daytime traffic.
      18200-18232 SW 147Th Ave, Miami, FL 33187
      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.
    153XX 177 Ave Krome Ave
    Richmond West, FL 33187
    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!