Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9898 40Th St Miami, FL 33165
    Back to Search
    Property profile & analytics

    9898 40Th St Miami, 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

    • Bank of America ATM (Drive-thru) / Atm
    • Bank of America (with Drive-thru ATM) / Bank / Loan Service

    Property Details for 9898 40Th St

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

    Description

    This exceptional retail opportunity presents 36,361 square feet of leasable space within Jack's Shopping Center & Elie's Corner, situated on the heavily trafficked Bird Road in Miami-Dade County. The property boasts a multi-tenant configuration, with one 4,365 square foot unit currently available. The center offers ample parking with 132 spaces for customer convenience. Its strategic location provides unparalleled access to major transportation arteries, including the Florida Turnpike and Palmetto Expressway, ensuring high visibility and accessibility for businesses. The surrounding area is rich with established amenities and significant population density. Nearby key attractions include Kendall Regional Medical Center, the expansive Tropical Park, Florida International University (FIU), and the Miami-Dade County Fairgrounds, creating a vibrant and diverse customer base. This prime retail space presents a unique investment opportunity in a high-traffic, well-established commercial area. The property's convenient location and substantial parking make it an ideal choice for a variety of retail businesses seeking a strong presence in a thriving South Florida market. One unit of 4,365 square feet is immediately available. Contact us today to learn more about this exceptional retail space.

    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
    -80.3554
    Latitude
    25.7321

    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

      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
    • Value Estimation by Request

      10511 40Th St

      Retail properties & Spaces
      10511 40Th 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
    • Contact for pricing
      45,829 SF

      New Construction Mixed-Use Building

      Versatile 4-story building for retail, office, or medical use.
      8966 SW 40Th St, Miami, FL 33165
      View Details
    • $16,900,000
      26,566 SF

      Doral Retail Buildings with Parking

      Retail property in Doral with parking and income potential.
      9400 NW 41St St, Doral, FL 33165
      View Details
    • Contact for pricing

      Office Space in Bird Road

      Office space for lease in high-traffic Bird Road area.
      10509 SW 40Th St, Miami, FL 33165
      View Details
    • $1,800,000

      Vacant Retail Building on Bird Road

      High-visibility corner lot retail building on Bird Road.
      9193 SW 40Th St, Miami, FL 33165
      View Details

    Similar Nearby for Lease

    • 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
      2,445 SF

      Retail Space in Doral Square

      Mixed-use development with retail and office space in Doral.
      8700 NW 36Th St, Doral, FL 33165
      View Details
    • $2,800 /Mo
      749 SF

      Miami Retail/Office Space For Lease

      Office/Retail space for lease in high-traffic Bird Road area.
      10509 SW 40Th 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
    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.
    9898 40Th St
    Miami, 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
    9898 40Th St, Miami, 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!