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

    11401 NW 12Th St Miami, FL 33172

    • Super regional malls
    • 2,059,169 SF
    • 100.78 lot acres
    For Sale
    View listing
    $249,000
    Last Sale
    May 17, 2022
    $132,300
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5903440
    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

    • Calzedonia / Clothing Store / Children'S Clothing Store
    • Javier The Jeweler / Jewelry Store
    • Ann Taylor Factory Store / Women'S Clothing Store
    • Rotelli Pizza & Pasta / Italian Restaurant / Pizza Restaurant
    • Suki Hana / Japanese Restaurant

    Property Details for 11401 NW 12Th St

    Year built
    2000
    Lot size
    100.78 lot acres
    Property size
    2,059,169 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Super regional malls
    APN
    25-3031-027-0010
    APU
    2530310270010

    Description

    This exceptional business opportunity presents a well-established hand car wash located at 11401 NW 12th St, Sweetwater, FL. Boasting a substantial 2,512,642 square feet of space, this car wash is strategically positioned to serve the high traffic volume generated by the nearby Dolphin Mall and surrounding community. Established in 2017, this profitable partnership-run business has demonstrated consistent year-over-year growth. The car wash is designed to efficiently service eight vehicles simultaneously, maximizing throughput and revenue. The sale includes all existing inventory, ensuring a seamless transition for the new owner. This thriving business targets a diverse clientele, including individual car owners and leasers, local car dealerships, and businesses in the area, providing a strong and diversified revenue stream. The business's proven track record of success and its prime location make this an exceptional investment opportunity with significant potential for continued growth and increased profitability. The expansive size of the property offers ample room for potential expansion or diversification of services. This is a turnkey operation ready for immediate ownership and continued success. Financial details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sweetwater
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3803
    Latitude
    25.7876
    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
    $14,050,422
    $0.00
    $0.00
    $587,400,000
    -
    $0.00
    $0.00
    $587,400,000

    Comparable in this City

    • Value Estimation
      $19,375,000
      208,781 SF

      1405 107th Ave

      REGIONAL SHOPPING CENTER, MALL • 208,781 SF
      1405 107th Ave, Doral, FL 33172-2703
      View Details
    • Value Estimation
      $10,200,000
      109,899 SF

      1275 107th Ave

      REGIONAL SHOPPING CENTER, MALL • 109,899 SF
      1275 107th Ave, Doral, FL 33172-2728
      View Details
    • Value Estimation
      $12,405,000
      133,680 SF

      1245 107th Ave

      REGIONAL SHOPPING CENTER, MALL • 133,680 SF
      1245 107th Ave, Doral, FL 33172-2728
      View Details
    • Value Estimation by Request
      436,186 SF

      1275 107th Ave

      REGIONAL SHOPPING CENTER, MALL • 436,186 SF
      1275 107th Ave, Doral, FL 33172-2728
      View Details
    • Value Estimation
      $14,100,000
      151,941 SF

      1603 107th Ave

      REGIONAL SHOPPING CENTER, MALL • 151,941 SF
      1603 107th Ave, Doral, FL 33172-2792
      View Details
    • Value Estimation
      $3,070,000
      6,750 SF

      100 87th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 6,750 SF
      100 87th Ave, Miami, FL 33172-4504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      58,000 SF

      Westend @ 87th Shopping Center

      Shopping center with excellent tenant mix and easy access.
      2600 NW 87Th Ave, Miami, FL 33172
      View Details
    • $85,000

      Established Moving Business For Sale

      Profitable moving business with trucks, licenses, and equipment included.
      2900 NW 112Th Ave, Miami, FL 33172
      View Details
    • $150,000

      Profitable Spa and Salon Business

      Fully operational spa and salon in Sweetwater, Florida for sale.
      1470 NW 107Th Ave, Miami, FL 33172
      View Details
    • New
      $65,000

      Doral Beauty Salon Business Opportunity

      Established full-service beauty salon in Doral, move-in ready.
      Full-Service Beauty Salon For Sale In Doral, Doral, FL 33172
      View Details
    • $1,000,000
      1,880 SF

      Sweetwater Retail Space - $1M

      Prime Sweetwater retail/office suite, 1880 sq ft.
      1695 110Th Ave, Sweetwater, FL 33172
      View Details
    • $950,000

      Established Spa and Salon Retail

      Fully operational spa and salon in high-traffic Sweetwater location.
      1470 NW 107Th Ave, Miami, FL 33172
      View Details

    Similar Nearby for Lease

    • $0.14 SF/Yr
      105,720 SF

      Doral Retail Space: 105,720 SF

      Prime Doral retail space, single tenant, ample parking.
      3105 107 Ave, Doral, FL 33172
      View Details
    • Contact for pricing
      79,000 SF

      Dolphin Mall Retail Space

      Modern Retail Space, Prime Location
      1695 110 Ave, Doral, FL 33172
      View Details
    • $30 SF/Yr
      2,019 SF

      Doral Retail Space - 2019 SF

      Prime Doral retail space, single tenant, ready to move in.
      1835 112Th Ave, Miami, FL 33172
      View Details
    • $34 SF/Yr
      2,250 SF

      Doral Flex Space: Prime Location

      2,250 SF Flex Warehouse, High Ceilings
      10200 25Th St, Doral, FL 33172
      View Details
    • $41 SF/Yr
      2,758 SF

      Doral Warehouse: Prime Location

      2,758 sq ft Single-Tenant Warehouse
      3105 107 Ave, Doral, FL 33172
      View Details
    • $38 SF/Yr
      1,236 SF

      Sweetwater Retail Space For Lease

      Prime Sweetwater location, 1236 sq ft retail space.
      10887 17Th St, Miami, FL 33172
      View Details
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    11401 NW 12Th St
    Miami, FL 33172
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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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