Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    22xx 83Rd Ter Miami, FL 33147

    Property Lookup

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

    22xx 83Rd Ter Miami, FL 33147

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

    Current Use by Public Records

    • Land

    Property Details for 22xx 83Rd Ter

    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 22xx NW 83 Terrace in Miami, Florida (33147), presents a unique investment opportunity. Priced at $225,000, this property is zoned for commercial use and offers significant development potential. Preliminary plans are in place for a mixed-use building comprising eight units: two commercial spaces and six residential studio units. The property's location in Miami-Dade County provides easy access to major transportation routes and a vibrant urban environment. The 25.8506033 latitude and -80.2336537 longitude coordinates pinpoint this strategically situated lot. This is an ideal opportunity for developers or investors seeking to capitalize on the growing demand for commercial and residential space in Miami's dynamic real estate market. The existing plans provide a solid foundation for a swift and efficient development process, minimizing pre-construction delays. This turnkey opportunity allows for immediate action and a potentially high return on investment. Serious inquiries are encouraged to explore this promising venture further. The property is classified as commercial land and is ready for immediate development. This is a rare chance to acquire a well-positioned lot in a thriving area of Miami.

    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
    -80.2337
    Latitude
    25.8506

    Comparable in this City

    • Value Estimation by Request

      1895 75Th St

      Land
      1895 75Th St, Miami, FL 33147
      View Details
    • Value Estimation by Request

      1441 79Th St

      Land
      1441 79Th St, Miami, FL 33147
      View Details
    • Value Estimation by Request

      14Th Ave

      Land
      0 14Th Ave, Miami, FL 33147
      View Details
    • Value Estimation by Request

      9600 36Th Ave

      Land
      9600 36Th Ave, Miami, FL 33147
      View Details
    • Value Estimation by Request

      6840 15Th Ave

      Land
      6840 15Th Ave, Miami, FL 33147
      View Details
    • Value Estimation by Request

      7925 13Th Ct

      Land
      7925 13Th Ct, Miami, FL 33147
      View Details

    Similar Nearby for Sale

    • $645,000

      Miami Land For Sale

      Land available in Miami-Dade County.
      1441 NW 79Th St, Miami, FL 33147
      View Details
    • $299,500

      Miami Land For Sale

      Land available in Miami-Dade County.
      6928 NW 17Th Ave, Miami, FL 33147
      View Details
    • $1,200,000
      0.43 Acres

      Large Lot in Opportunity Zone

      16,485 sqft lot in Miami's Opportunity Zone.
      7946 NW 12Th Pl, Miami, FL 33147
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      Versatile commercial land suitable for various special purpose uses.
      2200 NW 79Th St, Miami, FL 33147
      View Details
    • $18,000 /Mo

      Miami Industrial Lot For Rent

      Prime industrial lot in Miami's core, near major transportation.
      8650 NW 36Th Ave, Miami, FL 33147
      View Details
    • $50,000
      130,244 SF

      Miami Industrial Core Facility

      Industrial facility in Miami's core with modern office space.
      8600 NW 36Th Ave, Miami, FL 33147
      View Details
    • Contact for pricing
      11,118 SF

      Miami Warehouse Space Available

      Warehouse space available for lease in Miami, Florida.
      6831 NW 37Th Ave, Miami, FL 33147
      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.
    22xx 83Rd Ter
    Miami, FL 33147
    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!