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

    11701 Dixie Hwy Pinecrest, FL 33156-4438

    • Grocery and convenience stores
    • 35,163 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5430088
    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

    • SemaConnect Charging Station / Electric Vehicle Charging Station
    • Blink Charging Station / Electric Vehicle Charging Station
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Milam's Market- Pinecrest / Deli / Fresh Food Market
    • FRESH HOME MADE / Food And Beverage Consultant

    Property Details for 11701 Dixie Hwy

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    2.01 lot acres
    Property size
    35,163 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Grocery and convenience stores
    APN
    20-5010-004-0470
    APU
    2050100040470

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinecrest
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3248
    Latitude
    25.6624
    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
    $239,306
    $15,741,000
    $100,000
    $15,841,000
    -
    $15,741,000
    $100,000
    $15,841,000

    Comparable in this City

    • Value Estimation
      $1,005,000
      51,836 SF

      13401 Dixie Hwy

      GROCERY, SUPERMARKET • 51,836 SF
      13401 Dixie Hwy, Pinecrest, FL 33156-6512
      View Details
    • Value Estimation
      $595,000
      14,850 SF

      9205 Dixie Hwy

      GROCERY, SUPERMARKET • 14,850 SF
      9205 Dixie Hwy, Pinecrest, FL 33156-2929
      View Details
    • Value Estimation
      $1,645,000
      69,409 SF

      9105 Dadeland Blvd

      GROCERY, SUPERMARKET • 69,409 SF
      9105 Dadeland Blvd, Miami, FL 33156-7813
      View Details
    • Value Estimation
      $615,000
      8,386 SF

      11675 Dixie Hwy

      FINANCIAL BUILDING • 8,386 SF
      11675 Dixie Hwy, Pinecrest, FL 33156-4446
      View Details
    • Value Estimation by Request

      Beauty Salon & Spa In Pinecrest

      Individual retail properties
      0 Beauty Salon & Spa In Pinecrest, Pinecrest, FL 33156
      View Details
    • Value Estimation by Request

      Kendall Dr

      Individual retail properties
      0 Kendall Dr, Miami, FL 33156
      View Details

    Similar Nearby for Sale

    • $100,000

      Turnkey Beauty Salon in Pinecrest

      Fully equipped beauty salon with established clientele in Pinecrest, Florida.
      Beauty Salon For Sale In Pinecrest, Pinecrest, FL 33156
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    • $140,000

      Prime Pinecrest Beauty Salon

      Established Salon, Turnkey Opportunity
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      13,001 SF

      Retail Space on Dixie Highway

      6,500 SF retail space in high-traffic area.
      9855 S Dixie Hwy, Miami, FL 33156
      View Details
    • Contact for pricing
      32,000 SF

      Pinecrest Retail Center on US1

      32,000 SF shopping center in the heart of Pinecrest.
      12475-12537 South Dixie Hwy, Miami, FL 33156
      View Details
    • Contact for pricing

      Pinecrest Retail/Office Space Available

      550 SF suite in Pinecrest with frontage on SW 124th.
      8320 SW 124Th St, Miami, FL 33156
      View Details
    • $160,000

      Full-Service Salon in Pinecrest Area

      Full-service salon for sale, located between Coral Gables and Pinecrest.
      Full-Service Beauty Salon For Sale In Pinecrest, Miami, FL 33156
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,295 SF

      Prime Miami Retail Space Available

      Miami retail/restaurant space, multiple suites.
      9600 Dixie Hwy, Miami, FL 33156
      View Details
    • Contact for pricing
      1,106 SF

      Retail Space on Dixie Highway

      Retail space with high visibility and ample parking.
      11205-11535 S Dixie Hwy, Miami, FL 33156
      View Details
    • $17,969 /Mo

      Prime Retail Space in Miami

      Spacious 4,228 SF retail space in vibrant Miami location.
      9308 S Dixie Hwy, Miami, FL 33156
      View Details
    • $5,500 /Mo

      Pinecrest Retail Space on US-1

      1,200 SF retail space in the heart of Pinecrest.
      12253 S Dixie Hwy, Miami, FL 33156
      View Details
    • Contact for pricing
      2,910 SF

      Downtown Dadeland Retail Space Available

      Retail spaces in mixed-use development near Dadeland Mall.
      7250 N Kendall Dr, Miami, FL 33156
      View Details
    • Contact for pricing
      16,990 SF

      Retail Space Near Dadeland

      Retail space with high traffic and easy highway access.
      7702-7770 N Kendall Dr, Miami, FL 33156
      View Details
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    11701 Dixie Hwy
    Pinecrest, FL 33156-4438
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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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