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    1200 NW 78Th Ave Doral, FL 33126
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    1200 NW 78Th Ave Doral, FL 33126

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    • Office buildings
    For Lease
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    Polished Office Environment Near Airport For Lease
    Contact for pricing

    Polished Office Environment Near Airport

    Multi-story office building with convenient access to major highways.

    1200 NW 78th Ave, Doral, FL 33126
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 NW 78Th Ave

    Property type
    Office buildings
    Property subtype
    Office Units

    Description

    The 1200 Building anchors the Office Park at MICC with a polished, multi-story office environment and a convenient, business-friendly setting minutes from Miami International Airport. The property offers a mix of conventional suites and small turnkey options, ideal for teams that want flexibility without sacrificing image. Tenants tap into MICC’s on-site amenities (conference/meeting options, health club, dining) and immediate access to SR-826/836 and the Turnpike, making client visits and employee commutes effortless. Recent suite availabilities span efficient private-office layouts to open plans suited for collaborative teams, with shared services that keep operating costs predictable.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2938
    Latitude
    25.7785

    Comparable in this City

    • $34 SF/Yr
      2,226 SF

      Class A Office Space Available

      Renovated office space with waterfront park location and amenities.
      6303 Blue Lagoon Dr, Miami, FL 33126
      View Details
    • $24 SF/Yr
      6,898 SF

      Class A Office Space

      Class A office building with parking and LEED certification.
      701 NW 62Nd Ave, Miami, FL 33126
      View Details
    • $45 SF/Yr
      2,380 SF

      Medical & Professional Office Suites

      Office building with suites available for rent near Dolphin Expressway.
      707 NW 57Th Ave, Miami, FL 33126
      View Details
    • $34 SF/Yr
      2,078 SF

      Office Space in Desirable Location

      Four-story office building with easy access to major expressways.
      7925 NW 12Th St, Miami, FL 33126
      View Details
    • $3,150 /Mo

      Warehouse/Flex Unit in Miami

      Versatile warehouse/flex industrial unit in Miami's Airport West corridor.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • Contact for pricing

      Versatile Workspace Solutions in Miami

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      6303 Waterford District Dr, Miami, FL 33126
      View Details

    Similar Nearby for Sale

    • $445,000

      Miami Warehouse/Flex Industrial Unit

      Well-maintained warehouse/flex unit in Miami's Airport West submarket.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • $99,900
      1,098 SF

      Prime Mixed-Use Space For Sale

      Located in the Miami Merchandise Mart, suitable for various uses.
      777 NW 72Nd Ave, Miami, FL 33126
      View Details
    • $980,000

      Doral Warehouse/Office Investment Opportunity

      Versatile warehouse/office space with long-term lease in Doral.
      7311 NW 12Th St, Miami, FL 33126
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      2,226 SF

      Class A Office Space Available

      Renovated office space with waterfront park location and amenities.
      6303 Blue Lagoon Dr, Miami, FL 33126
      View Details
    • $24 SF/Yr
      6,898 SF

      Class A Office Space

      Class A office building with parking and LEED certification.
      701 NW 62Nd Ave, Miami, FL 33126
      View Details
    • $45 SF/Yr
      2,380 SF

      Medical & Professional Office Suites

      Office building with suites available for rent near Dolphin Expressway.
      707 NW 57Th Ave, Miami, FL 33126
      View Details
    • $34 SF/Yr
      2,078 SF

      Office Space in Desirable Location

      Four-story office building with easy access to major expressways.
      7925 NW 12Th St, Miami, FL 33126
      View Details
    • $3,150 /Mo

      Warehouse/Flex Unit in Miami

      Versatile warehouse/flex industrial unit in Miami's Airport West corridor.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • Contact for pricing

      Corner Unit Office/Warehouse Sub-Lease

      9,015 SF office/warehouse unit available for sublease.
      1551 NW 82Nd Ave, Miami, FL 33126
      View Details
    View Listing
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    1200 NW 78Th 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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