Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    159Th St Miami Gardens, FL 33014
    Back to Search
    Property profile & analytics

    159Th St Miami Gardens, FL 33014

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

    Current Use by Public Records

    • Land

    Property Details for 0 159Th St

    Property type
    Land

    Description

    This exceptional 38,902 square foot development site in Miami Gardens, Florida, presents a compelling investment opportunity. Located in Miami-Dade County, at 33014 NW 159th St, the property is zoned EU-S and boasts convenient access to major roadways including I-95, Florida's Turnpike, SR 826, and SR 441, as well as public transportation options. Its strategic location near prominent institutions such as Jackson Medical Hospital, North Shore Hospitals, Barry University, Miami-Dade College, and Florida International University North Campus, coupled with its proximity to Aventura (a 9-minute drive), positions it within a rapidly growing area. The site currently includes an existing structure generating immediate income, offering a significant advantage for developers. Surrounded by recent and planned high-density developments, including the Caroline at Golden Glades project, this land parcel offers the potential for rezoning from EU-S to RU-4, allowing for increased density up to 50 units per acre, a feat successfully achieved in nearby areas. This presents a unique chance to address the region's demand for workforce housing, ensuring long-term value and profitability. The property's APN is 30-2113-001-0590. This is a prime opportunity to capitalize on the thriving Northeast Dade market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2855
    Latitude
    25.9177

    Comparable in this City

    • Value Estimation by Request

      15471 Turnbull Dr

      Multifamily properties
      15471 Turnbull Dr, Miami Lakes, FL 33014
      View Details
    • Value Estimation by Request

      324 74Th Pl

      Multifamily properties
      324 74Th Pl, Hialeah, FL 33014
      View Details
    • Value Estimation by Request
      2,780 SF

      8125 16Th Ave

      Multifamily properties • 2,780 SF
      8125 16Th Ave, Hialeah, FL 33014
      View Details
    • Value Estimation by Request

      5791 151St St

      Multifamily properties
      5791 151St St, Hialeah, FL 33014
      View Details
    • Value Estimation by Request

      Miami Lakes, FL 33014

      INDUSTRIAL - VACANT LAND
      Miami Lakes, FL 33014
      View Details
    • Value Estimation by Request
      1.64 Acres

      Miami Lakes, FL 33014

      INDUSTRIAL - VACANT LAND • 1.64 Acres
      Miami Lakes, FL 33014
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Miami Lakes Duplex Opportunity

      Large duplex in Miami Lakes with significant potential.
      15471 Turnbull Dr, Miami Lakes, FL 33014
      View Details
    • $979,000

      Miami Gardens Warehouse Condo

      3000sf Warehouse/Office, Opportunity Zone
      4980 165Th Ter, Miami Gardens, FL 33014
      View Details
    • $13,750,000
      44,600 SF

      Hialeah Flex Space For Sale

      44,600 SF flex space on 1.9 acres.
      7740-7784 W 2Nd Ct, Hialeah, FL 33014
      View Details
    • Contact for pricing

      Miami Lakes Office Building For Sale

      Office building in a quiet neighborhood with easy highway access.
      5881 Nw 151St St, Miami Lakes, FL 33014
      View Details
    • Contact for pricing

      Hialeah Warehouse with High Ceilings

      1900 SF Hialeah warehouse space with office and bathroom.
      8274 W 8Th Ave, Hialeah, FL 33014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hialeah Industrial Space For Lease

      Industrial property with office space and highway access for lease.
      7985 W 20Th Ave, Hialeah, FL 33014
      View Details
    • Contact for pricing

      Warehouse Space Near Opa-Locka Airport

      Warehouse spaces with offices, mezzanine, and ample parking available for lease.
      270 W 79Th Pl, Hialeah, FL 33014
      View Details
    • Contact for pricing
      1,456 SF

      Retail Space For Lease

      Retail spaces available in Hialeah, Florida, with high visibility.
      1800 W 68Th St, Hialeah, FL 33014
      View Details
    • Contact for pricing
      20,853 SF

      Warehouse and Office Space Available

      Spacious warehouse and office combo with excellent highway access.
      7815 W 20Th Ave, Hialeah, FL 33014
      View Details
    • Contact for pricing

      Renovated Warehouse with Palmetto Frontage

      Newly renovated freestanding warehouse with office space for lease.
      7125 W 20Th Ave, Hialeah, FL 33014
      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.
    159Th St
    Miami Gardens, FL 33014
    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
    159Th St, Miami Gardens, FL, 33014
    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!