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

    1115 54th St Miami, FL 33127-1821

    • Gas stations
    • 1,680 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Nov 01, 2024
    $900,000
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3247911
    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

    • Pak Enterprises Fina Gas / Auto Repair Shop / Gas Station
    • ATM / Atm

    Property Details for 1115 54th St

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    0.40 lot acres
    Property size
    1,680 SF
    Zone code
    6101
    Property type
    Gas stations
    APN
    01-3114-039-0230
    APU
    131140390230

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $900,000

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $1,370,000
      Current use
      AUTO REPAIR, GARAGE
      $1,360,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $1,145,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2146
    Latitude
    25.825
    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
    $12,805
    $691,040
    $106,254
    $797,294
    -
    $691,040
    $106,254
    $797,294

    Comparable in this City

    • Value Estimation
      $355,000
      4,464 SF

      4615 2nd Ave

      SERVICE STATION (FULL SERVICE) • 4,464 SF
      4615 2nd Ave, Miami, FL 33127-2425
      View Details
    • Value Estimation
      $420,000
      4,681 SF

      5390 Miami Ave

      SERVICE STATION (FULL SERVICE) • 4,681 SF
      5390 Miami Ave, Miami, FL 33127-1928
      View Details
    • Value Estimation
      $490,000
      1,612 SF

      200 36th St

      SERVICE STATION (FULL SERVICE) • 1,612 SF
      200 36th St, Miami, FL 33127-3130
      View Details
    • Value Estimation
      $425,000
      4,816 SF

      1190 54th St

      SERVICE STATION (FULL SERVICE) • 4,816 SF
      1190 54th St, Miami, FL 33127-1822
      View Details
    • Value Estimation
      $280,000
      1,837 SF

      2400 7th Ave

      SERVICE STATION WITH FOOD MART • 1,837 SF
      2400 7th Ave, Miami, FL 33127-4206
      View Details
    • Value Estimation
      $360,000
      7,526 SF

      3801 12th Ave

      SERVICE STATION WITH FOOD MART • 7,526 SF
      3801 12th Ave, Miami, FL 33127-3010
      View Details

    Similar Nearby for Sale

    • $110,000

      Established Restaurant in Downtown Miami

      Operating restaurant in prime location near gas station and expressway.
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      Wynwood Development Site For Sale

      Prime 14,500 SF Wynwood development site with mixed-use potential.
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      Established Auto Repair Business Opportunity

      Thriving auto repair business for sale in Miami's Wynwood area.
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    • $5,750,000
      13,028 SF

      Wynwood Flex Space - $5.75M

      13,028 SF Flex Space, Wynwood, Vacant
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    • $69,000

      Miami Retail Business for Sale

      Established Spa, Motivated Seller
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    • $15,000,000
      14,500 SF

      Wynwood Retail Property For Sale

      Four-bay retail property anchored by The Dirty Rabbit.
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    Similar Nearby for Lease

    • $3,000 /Mo
      7,000 SF

      Parking/Storage Lot For Lease

      7,000 SF lot near Design District, suitable for parking/storage.
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    • $0.22 SF/Yr
      3,000 SF

      Miami Restaurant - 3000 SF

      Prime Miami restaurant space, single tenant, 3000 sq ft.
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    • $37 SF/Yr
      4,700 SF

      Miami Retail Shops on NW 2nd Ave

      High-visibility retail space, Miami, FL
      5901 2Nd Ave, Miami, FL 33127
      View Details
    • $75 SF/Yr
      5,000 SF

      Wynwood Retail Space Available

      Prime Wynwood location, flexible space, high foot traffic.
      300 29Th St, Miami, FL 33127
      View Details
    • Contact for pricing
      9,000 SF

      Prime Miami Retail Space Available

      9,000 SF Retail/Restaurant Space in Miami
      1451 Miami Ave, Miami, FL 33127
      View Details
    • Contact for pricing
      4,500 SF

      NW 7th Ave Retail Space

      Prime Retail Location, Fully Renovated
      4770 7Th Ave, Miami, FL 33127
      View Details
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    1115 54th St
    Miami, FL 33127-1821
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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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