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    Property profile & analytics

    1001 Ives Dairy Rd Miami, FL 33179-2501

    • Office buildings
    • 7,472 SF
    • 4.37 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2020
    Value Estimations
    $4,675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3465904
    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

    • Safiya Smith, DDS / Dental Office
    • Dr. Adrian I. Rodriguez, DMD / Dental Office
    • Great Expressions: Lieberman Morton DDS / Dental Office
    • Dr. Merilyn Lopez, DDS / Dental Office
    • JASON MUSSON / Physician

    Property Details for 1001 Ives Dairy Rd

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    4.37 lot acres
    Property size
    7,472 SF
    Zone code
    6900:SEMI PROFESS OFFICE
    Property type
    Office buildings
    APN
    30-1232-020-0010
    APU
    3012320200010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,810,000
      6.5%
      $3,520,000
      7%
      $3,265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,286,000
      Market price range: $596k - $4.29M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,095,000
      Current use
      RESTAURANT
      $5,540,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,525,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,885,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $4,275,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1817
    Latitude
    25.9654
    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
    $133,397
    $2,855,355
    $5,344,645
    $8,200,000
    -
    $2,855,355
    $5,344,645
    $8,200,000

    Comparable in this City

    • Value Estimation
      $4,280,000
      18,422 SF

      190 199th St

      PROFESSIONAL BUILDING • 18,422 SF
      190 199th St, Miami, FL 33179-2927
      View Details
    • Value Estimation
      $1,525,000
      5,820 SF

      18300 18th Dr

      PROFESSIONAL BUILDING • 5,820 SF
      18300 18th Dr, Miami, FL 33179
      View Details
    • Value Estimation
      $695,000
      2,827 SF

      105 183rd St

      OFFICE BUILDING (MULTI-STORY) • 2,827 SF
      105 183rd St, Miami, FL 33179-4430
      View Details
    • Value Estimation
      $4,015,000
      16,656 SF

      20375 15th Ct

      OFFICE BUILDING (MULTI-STORY) • 16,656 SF
      20375 15th Ct, Miami, FL 33179-2709
      View Details
    • Value Estimation
      $12,055,000
      52,761 SF

      1400 Miami Gdns Dr

      PROFESSIONAL BUILDING • 52,761 SF
      1400 Miami Gdns Dr, North Miami Beach, FL 33179-4845
      View Details
    • Value Estimation
      $6,805,000
      11,198 SF

      19051 3rd Ct

      OFFICE BUILDING (MULTI-STORY) • 11,198 SF
      19051 3rd Ct, Miami, FL 33179-3829
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Flex-Office Condo for Sale

      7,244 SF flex-office condo in secure, gated business park.
      20157 NE 16Th Pl, Miami, FL 33179
      View Details
    • Contact for pricing

      Office Space with I-95 Signage

      Office unit with I-95 visibility and ample parking.
      18500 NE 5Th Ave, Miami, FL 33179
      View Details
    • $2,400,000
      7,244 SF

      Miami Flex Space Investment Opportunity

      7,244 SF Industrial Condo, Vacant
      20157 16Th Pl, Miami, FL 33179
      View Details
    • Contact for pricing
      7,244 SF

      Two-Story Office Condo For Sale

      7,244 SF office condo in secure, gated business park.
      20157 NE 16Th Pl, Miami, FL 33179
      View Details
    • $670,000

      Upgraded Warehouse and Office Space

      Warehouse and office space available for purchase in Miami.
      20129 NE 16Th Pl, Miami, FL 33179
      View Details
    • $575,000
      1,510 SF

      Miami Industrial Condo - $575K

      1,510 SF Warehouse Condo, Vacant
      20149 16Th Pl, Miami, FL 33179
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      2,000 SF

      I-95 Frontage Office Building

      Single-tenant office with I-95 frontage and signage.
      18500 Northeast 5Th Avenue Rd, Miami, FL 33179
      View Details
    • $1.50 SF/Yr
      18,422 SF

      Miami Office Space for Lease

      18,422 sq ft turnkey office suite
      190 199Th St, Miami, FL 33179
      View Details
    • $9 SF/Yr
      24,270 SF

      Industrial Space with Heavy Power

      Flex/industrial space featuring heavy power, high security, and convenient location.
      20000 NE 15Th Ct, Miami, FL 33179
      View Details
    • $30 SF/Yr
      2,181 SF

      Renovated Office Space Available

      Fully furnished, renovated office space in North Miami Beach.
      20225 NE 16Th Pl, Miami, FL 33179
      View Details
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    Miami, FL 33179-2501
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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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