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    Property profile & analytics

    14444 Dixie Hwy Miami, FL 33161

    • Office buildings
    • 2,160 SF
    • 0.79 lot acres
    For Sale
    View listing
    $5,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2442483
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Greenwald Daniel CPA / Accountant
    • New Century Storage / Storage Facility

    Property Details for 14444 Dixie Hwy

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.79 lot acres
    Property size
    2,160 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Office buildings
    APN
    30-2220-002-2931
    APU
    3022200022931

    Description

    This exceptional retail property, located at 14444 W Dixie Hwy in Miami, Florida (zip code 33161), presents a significant investment opportunity. Built in 1960, the property boasts a substantial 34,428 square foot lot and a two-story building. The building currently operates as a self-storage facility, comprising 76 interior units, and also includes two separate office buildings. The property offers 16 parking spaces, a key advantage in this high-traffic area. Situated at the corner of West Dixie Highway and a major thoroughfare in North Miami, this location ensures exceptional visibility and accessibility. The property's proximity to major transportation arteries, including Fort Lauderdale-Hollywood International Airport and Miami International Airport, further enhances its appeal. Its strategic location near Aventura and Biscayne Boulevard places it within a well-established commercial area, promising strong potential for future growth and profitability. The asking price for this prime retail property is $5,500,000. This presents a unique opportunity for an investor or business seeking a high-visibility location with significant development potential. The property's current configuration as a self-storage facility provides immediate income potential, while the expansive lot size allows for a variety of future uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $514,000
      Market price range: $160k - $515k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $705,000
      Current use
      WAREHOUSE, STORAGE
      $640,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      Change: -13% Conversion: Difficult
      RETAIL STORES
      $565,000
      Change: -20% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.17
    Latitude
    25.9089
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,995
    $1,032,840
    $792,160
    $1,825,000
    -
    $1,032,840
    $792,160
    $1,825,000

    Comparable in this City

    • Value Estimation
      $505,000
      14,250 SF

      725 125th St

      OFFICE BUILDING (MULTI-STORY) • 14,250 SF
      725 125th St, North Miami, FL 33161-5611
      View Details
    • Value Estimation
      $550,000
      4,485 SF

      680 124th St

      OFFICE BUILDING • 4,485 SF
      680 124th St, North Miami, FL 33161-5548
      View Details
    • Value Estimation
      $470,000
      2,024 SF

      516 124th St

      OFFICE BUILDING • 2,024 SF
      516 124th St, North Miami, FL 33161-5424
      View Details
    • Value Estimation
      $475,000
      3,222 SF

      1045 125th St

      OFFICE BUILDING • 3,222 SF
      1045 125th St, North Miami, FL 33161-5804
      View Details
    • Value Estimation
      $2,740,000
      8,032 SF

      1073 125th St

      PROFESSIONAL BUILDING • 8,032 SF
      1073 125th St, North Miami, FL 33161-5859
      View Details
    • Value Estimation
      $380,000
      2,292 SF

      980 126th St

      OFFICE BUILDING • 2,292 SF
      980 126th St, North Miami, FL 33161-4908
      View Details

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      Miami Professional Office Building For Sale

      Turn-key professional office building in a vibrant Miami location.
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      11,331 SF

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      Modern Office Space in North Miami

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    Similar Nearby for Lease

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      3,100 SF

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      Modern, renovated office space; prime location.
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    • $0.01 SF/Yr
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      Biscayne Blvd Office Building

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      High-Traffic North Miami Corner

      4,432 SF Office/Retail, High Visibility
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    • Contact for pricing
      3,200 SF

      North Miami Office Space Available

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      View Details
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    Miami, FL 33161
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    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
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