Sign Up Successful!
You now have access to more from Realmo!
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

    11700 220Th St Miami, FL 33170

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8660853
    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

    • Commercial real estate

    Property Details for 11700 220Th St

    Property type
    Commercial real estate

    Description

    This exceptional 15,000 square foot vacant lot, located at 11700 SW 220th St, Miami, FL 33170, presents a unique opportunity for investors and developers. Designated as Special Purpose property with a single-tenant zoning code of 0100 and APN 30-69-13-000-0160, this property is perfectly suited for a variety of uses. The site's expansive area offers ample space for the development of a nursery, storage facility, or other similar ventures. Currently, no utilities are present on the site, providing a blank canvas for customized infrastructure development. The property's location in Miami, Florida offers excellent access to major transportation routes and a thriving local market. This is a rare chance to acquire a large, vacant parcel in a desirable area, ripe for development and tailored to meet specific business needs. The property is zoned for single-tenant occupancy, ensuring a streamlined development process. Buyers should conduct their own due diligence regarding utility connections and development permits. This is a prime opportunity to establish a successful business in a strategic location.

    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
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.380732
    Latitude
    25.5623806

    Comparable in this City

    • $18 SF/Yr
      3,168 SF

      Miami Sanctuary: Prime Location

      Spacious single-tenant sanctuary for lease.
      22801 117Th Ave, Miami, FL 33170
      View Details
    • Contact for pricing

      Prime 5-Acre Nursery Lease Opportunity

      Exceptional single-tenant nursery land.
      13400 216Th St, Miami, FL 33170
      View Details
    • $24 SF/Yr
      7,000 SF

      Krome Ave Warehouse Investment Opportunity

      7,000 SF Warehouse on 4.69 Acres
      22700 177Th Ave, Miami, FL 33170
      View Details
    • $0.01 SF/Yr
      43,949 SF

      Miami Retail Space for Lease

      High-Visibility Retail Space in Prime Location
      22077 Dixie Hwy, Miami, FL 33170
      View Details
    • $40 SF/Yr
      1,007 SF

      Retail Space For Lease

      Highly visible retail space with vanilla shell delivery.
      11045 SW 216Th St, Miami, FL 33170
      View Details
    • $3,500 /Mo

      Spacious Miami Duplex Unit

      Spacious 4/2 duplex unit in a prime Miami location.
      21870 SW 118Th Ave, Miami, FL 33170
      View Details

    Similar Nearby for Sale

    • $3,980,000

      Miami Mixed-Use Investment Opportunity

      Prime Miami location, 7000 sq ft warehouse, high visibility.
      22700 177Th Ave, Miami, FL 33170
      View Details
    • $1,600,000

      Redland Equestrian Compound - Miami, FL

      5-Acre Equestrian Estate; Prime Redlands Location
      22750 154Th Ave, Miami, FL 33170
      View Details
    • $509,000

      Established Nursery Business Opportunity

      Profitable nursery business serving Florida, US, and Caribbean markets.
      22401 SW 130Th Ave, Miami, FL 33170
      View Details
    • $4,495,000

      Redland Agricultural Compound

      Unique 20-acre Miami property, ideal for agri-tourism.
      22100 194Th Ave, Miami, FL 33170
      View Details
    • Contact for pricing
      5.00 Acres

      Miami Land with Waterfront Tikis

      5-acre Miami land ideal for private gatherings and entertainment.
      20701 SW 216Th St, Miami, FL 33170
      View Details
    • $4,300,000

      Prime Miami Farm & Event Venue

      10-Acre Avocado Farm, Event Space, Home
      15300 216Th St, Miami, FL 33170
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,168 SF

      Miami Sanctuary: Prime Location

      Spacious single-tenant sanctuary for lease.
      22801 117Th Ave, Miami, FL 33170
      View Details
    • $24 SF/Yr
      7,000 SF

      Krome Ave Warehouse Investment Opportunity

      7,000 SF Warehouse on 4.69 Acres
      22700 177Th Ave, Miami, FL 33170
      View Details
    • Contact for pricing

      Prime 5-Acre Nursery Lease Opportunity

      Exceptional single-tenant nursery land.
      13400 216Th St, Miami, FL 33170
      View Details
    • $0.01 SF/Yr
      43,949 SF

      Miami Retail Space for Lease

      High-Visibility Retail Space in Prime Location
      22077 Dixie Hwy, Miami, FL 33170
      View Details
    • $40 SF/Yr
      1,007 SF

      Retail Space For Lease

      Highly visible retail space with vanilla shell delivery.
      11045 SW 216Th St, Miami, FL 33170
      View Details
    • $3,500 /Mo

      Spacious Miami Duplex Unit

      Spacious 4/2 duplex unit in a prime Miami location.
      21870 SW 118Th Ave, Miami, FL 33170
      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.
    11700 220Th St
    Miami, FL 33170
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.