Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10701 211th St Cutler Bay, FL 33189-2803

    • Automotive properties
    • 148,495 SF
    • 8.58 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2023
    $45,000,000
    Value Estimations
    $47,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2792132
    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

    • Automotive properties

    Property Details for 10701 211th St

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    8.58 lot acres
    Property size
    148,495 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Automotive properties
    APN
    36-6007-030-0010
    APU
    3660070300010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $45,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $55,862,000
      Market price range: $40.8M - $193M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cutler Bay
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3651
    Latitude
    25.5737
    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
    $391,688
    $11,208,420
    $17,618,254
    $28,826,674
    -
    $11,208,420
    $17,618,254
    $28,826,674

    Comparable in this City

    • Value Estimation
      $540,000
      4,367 SF

      21500 Dixie Hwy

      VEHICLE SALES, RENTALS • 4,367 SF
      21500 Dixie Hwy, Miami, FL 33189-2733
      View Details
    • Value Estimation by Request
      2,154 SF

      20053 Dixie Hwy

      VEHICLE SALES, RENTALS • 2,154 SF
      20053 Dixie Hwy, Cutler Bay, FL 33189-1205
      View Details
    • Value Estimation
      $605,000
      9,957 SF

      20701 Dixie Hwy

      VEHICLE SALES, RENTALS • 9,957 SF
      20701 Dixie Hwy, Miami, FL 33189-2215
      View Details
    • Value Estimation
      $1,260,000
      1,815 SF

      20033 Dixie Hwy

      VEHICLE SALES, RENTALS • 1,815 SF
      20033 Dixie Hwy, Cutler Bay, FL 33189-1205
      View Details
    • Value Estimation by Request
      6,482 SF

      11391 208th Dr

      VEHICLE SALES, RENTALS • 6,482 SF
      11391 208th Dr, Miami, FL 33189-2232
      View Details
    • Value Estimation
      $1,895,000
      6,953 SF

      20390 Dixie Hwy

      VEHICLE SALES, RENTALS • 6,953 SF
      20390 Dixie Hwy, Cutler Bay, FL 33189-1210
      View Details

    Similar Nearby for Sale

    • $3,000,000
      12,000 SF

      South Florida Beauty Supply Business

      High-growth retail & industrial investment
      20811 Dixie Hwy, Miami, FL 33189
      View Details
    • $250,000

      Established Restaurant Franchise Opportunity

      Restaurant franchise for sale in a well-known South Florida mall.
      Cutler Bay, FL 33189
      View Details
    • $80,000

      Cutler Bay Business Opportunity

      Established business for sale in Cutler Bay, Florida.
      20551-B Old Cutler Rd, Cutler Bay, FL 33189
      View Details
    • $3,500,000

      Cutler Bay Retail Investment Opportunity

      Fully leased retail and restaurant property with high traffic location.
      20462-20500 S Dixie Hwy, Cutler Bay, FL 33189
      View Details
    • $4,500,000
      0.79 Acres

      Prime Commercial Development Site Miami

      34,345 SF commercial site in South Dade's activity corridor.
      214 S Dixie Hwy, Miami, FL 33189
      View Details
    • $390,000
      0.29 Acres

      Corner Lot in Cutler Bay

      Residential corner lot in the heart of Cutler Bay, Florida.
      9800 SW 213Th St, Cutler Bay, FL 33189
      View Details

    Similar Nearby for Lease

    • $43 SF/Yr

      Auto Service Facility For Rent

      7,000 SF auto service facility with six service bays.
      20390 S Dixie Hwy, Cutler Bay, FL 33189
      View Details
    • $35 SF/Yr
      14,355 SF

      Madison Point Retail Spaces Available

      Miami Retail Center - Multiple Units Available
      26215 Dixie Hwy, Miami, FL 33189
      View Details
    • $35 SF/Yr
      106,427 SF

      Cutler Bay Retail Center Opportunity

      Prime Retail Space Available in Cutler Bay, FL
      20425 Old Cutler Rd, Cutler Bay, FL 33189
      View Details
    • Contact for pricing
      19,557 SF

      Cutler Bay Retail Space

      Retail space available for rent in Cutler Bay, Florida.
      10871 Caribbean Blvd, Cutler Bay, FL 33189
      View Details
    • $2,200 /Mo

      Functional Duplex Near Southland Mall

      Comfortable 2BR/1BA duplex with updated kitchen and spacious backyard.
      11330 SW 207Th Dr, Miami, FL 33189
      View Details
    • $3,400 /Mo

      Renovated Duplex with Modern Features

      Modern duplex for rent, near Miami Airport and beaches.
      20077 SW 87Th Pl, Cutler Bay, FL 33189
      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.
    10701 211th St
    Cutler Bay, FL 33189-2803
    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!