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    Property profile & analytics

    1200 78 Ave Doral, FL 33126

    • Medical Office Space
    • 53,228 SF
    • 4.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1590190
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1200 78 Ave

    Year built
    1989
    Lot size
    4.47 lot acres
    Property size
    53,228 SF
    Property type
    Medical Office Space
    Property subtype
    Office Units

    Description

    This exceptional sublease opportunity presents a fully furnished, 4,295 square foot call center in a Class B building located at 1200 NW 78th Ave, Doral, FL 33126. The space boasts 50 furnished call center seats, five private management offices, and a break room with a kitchenette. Designed as a "plug and play" solution, the center is immediately operational, saving you valuable time and resources on build-out. The space is bright and airy, featuring abundant natural light from numerous windows. The building, constructed in 1989 and renovated in 2023, offers convenient access to major roadways, ensuring easy connectivity. The property sits on a 4.47-acre lot within a larger 53,228 square foot building, which includes one additional story and an elevator. The AH zoning designation provides flexibility for various business uses. This single-tenant space is ideal for a company seeking a turnkey solution for its call center operations. The property's modern amenities and prime location in Doral, Florida make it an attractive option for businesses seeking a productive and efficient workspace. The space is ready for immediate occupancy.

    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
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.322816416992
    Latitude
    25.78309005951

    Comparable in this City

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      Freestanding Medical/Office Building For Lease

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      Miami Airport Office Space

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      Medical & Professional Office Suites

      Office building with suites available for rent near Dolphin Expressway.
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    • $40 SF/Yr

      Prime Miami Office/Retail Space

      Premium office or retail spaces in a sought-after Miami location.
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      Class A Office Space

      Class A office building with parking and LEED certification.
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      Prime Retail Space in Miami

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    Similar Nearby for Lease

    • $5 SF/Yr
      7,180 SF

      Miami Airport Office Space

      Flexible Office Solutions in Miami
      5201 8Th St, Miami, FL 33126
      View Details
    • $4,200 /Mo

      Freestanding Medical/Office Building For Lease

      Turn-key medical/office building with high visibility and ample parking.
      4540 Nw 7Th St, Miami, FL 33126
      View Details
    • $7 SF/Yr
      3,773 SF

      Miami Airport Office Space

      Flexible workspace solutions in Miami.
      6303 Waterford District Dr, Miami, FL 33126
      View Details
    • $45 SF/Yr
      7,285 SF

      Medical & Professional Office Suites

      Office building with suites available for rent near Dolphin Expressway.
      707 NW 57Th Ave, Miami, FL 33126
      View Details
    • $40 SF/Yr

      Prime Miami Office/Retail Space

      Premium office or retail spaces in a sought-after Miami location.
      487 NW 42Nd Ave, Miami, FL 33126
      View Details
    • $24 SF/Yr
      9,134 SF

      Class A Office Space

      Class A office building with parking and LEED certification.
      701 NW 62Nd Ave, Miami, FL 33126
      View Details
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    1200 78 Ave
    Doral, FL 33126
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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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