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

    101 Westward Dr Miami Springs, FL 33166-5211

    • Office buildings
    • 12,850 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $3,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0478025
    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

    • Office buildings

    Property Details for 101 Westward Dr

    Year built
    1946
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    12,850 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    05-3024-006-1290
    APU
    530240061290

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,023,000
      Market price range: $1.56M - $21.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Springs
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2836
    Latitude
    25.8215
    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
    $26,525
    $450,000
    $1,050,000
    $1,500,000
    -
    $450,000
    $1,050,000
    $1,500,000

    Comparable in this City

    • Value Estimation
      $20,710,000
      64,241 SF

      7331 74th St

      PROFESSIONAL BUILDING • 64,241 SF
      7331 74th St, Medley, FL 33166-2409
      View Details
    • Value Estimation
      $1,425,000
      342 SF

      7950 53rd St Ste, Unit 131

      OFFICE BUILDING (MULTI-STORY) • 342 SF
      7950 53rd St Ste, Doral, FL 33166-4636
      View Details
    • Value Estimation
      $1,050,000
      252 SF

      7950 53rd St Ste, Unit 229

      OFFICE BUILDING (MULTI-STORY) • 252 SF
      7950 53rd St Ste, Doral, FL 33166-4638
      View Details
    • Value Estimation
      $1,565,000
      376 SF

      7950 53rd St Ste, Unit 331

      OFFICE BUILDING (MULTI-STORY) • 376 SF
      7950 53rd St Ste, Doral, FL 33166-4791
      View Details
    • Value Estimation
      $9,880,000
      36,864 SF

      8241 36th St

      PROFESSIONAL BUILDING • 36,864 SF
      8241 36th St, Miami, FL 33166
      View Details
    • Value Estimation
      $7,075,000
      2,654 SF

      3650 82nd Ave Ste, Unit 102

      PROFESSIONAL BUILDING • 2,654 SF
      3650 82nd Ave Ste, Doral, FL 33166-6662
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Professional Office Building For Sale

      Professional office building with ample parking and spaces available.
      4995 Nw 72Nd Ave, Miami, FL 33166
      View Details
    • $1,740,000
      3,866 SF

      Modern Office Building with Amenities

      Contemporary office building featuring a cafe, conference rooms, and parking.
      7791 NW 46Th St, Miami, FL 33166
      View Details
    • $16,500,000

      Miami Airport West Flex Building

      Freestanding office/flex/warehouse building in Miami Airport West submarket.
      6955 NW 52Nd St, Miami, FL 33166
      View Details
    • Contact for pricing

      Doral Office Sublease Opportunity

      Professionally built office space in Doral's Airport West submarket.
      7500 NW 52Nd St, Miami, FL 33166
      View Details
    • $800,000

      Doral Corner Office Suites

      Two connected office suites in a prime Doral location.
      7791 Nw 46Th St, Doral, FL 33166
      View Details
    • Contact for pricing

      Renovated Freestanding Building on Corner Lot

      Freestanding, renovated building with A/C, office, and warehouse space.
      4301 Nw 72Nd Ave, Miami, FL 33166
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr

      Modern Office Space in Doral

      Modern 1,828 SF office space in Downtown Doral.
      7950 NW 53Rd St, Doral, FL 33166
      View Details
    • $2,800 /Mo

      Medley Mixed-Use Unit For Rent

      Mixed-use unit in Medley, FL, ready for immediate occupancy.
      8181 NW 91St Ter, Medley, FL 33166
      View Details
    • $1,475 /Mo

      Functional Office Space in Virginia Gardens

      Second-floor office unit with two private offices, totaling 523 SF.
      6405 NW 36Th St, Virginia Gardens, FL 33166
      View Details
    • Contact for pricing

      Doral Office Space for Lease

      Prime Doral Location, Sublease Available
      3625 82 Ave, Doral, FL 33166
      View Details
    • $13 SF/Yr
      1,600 SF

      Doral Office Space: 1600 sq ft

      Prime Doral office, single tenant, ample parking.
      7867 52Nd St, Doral, FL 33166
      View Details
    • $0.01 SF/Yr
      42,000 SF

      Prime Office Space, NW 72nd Ave

      Spacious Office Suites, Ample Parking
      4995 72 Ave, Virginia Gardens, FL 33166
      View Details
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    101 Westward Dr
    Miami Springs, FL 33166-5211
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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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