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

    127 62nd St Miami, FL 33138-5909

    • Specialty properties
    • 8,500 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3194025
    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

    • Mactown Icf Adult Day Training / Adult Day Care Center

    Property Details for 127 62nd St

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    0.53 lot acres
    Property size
    8,500 SF
    Zone code
    6101
    Property type
    Specialty properties
    APN
    01-3113-056-0540
    APU
    131130560540

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $886,000
      Market price range: $237k - $928k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $545,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,080,000
      Change: +98% Conversion: Difficult
      MEDICAL BUILDING
      $575,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1936
    Latitude
    25.8331
    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
    $0.00
    $1,330,000
    $1,935,925
    $3,265,925
    -
    $1,330,000
    $1,935,925
    $3,265,925

    Comparable in this City

    • Value Estimation by Request

      131 77Th St

      Specialty properties
      131 77Th St, Miami, FL 33138
      View Details
    • Value Estimation by Request
      1,822 SF

      139 62nd St

      CHARITABLE ORGANIZATION • 1,822 SF
      139 62nd St, Miami, FL 33138
      View Details
    • Value Estimation by Request
      1,883 SF

      119 62nd St

      CHARITABLE ORGANIZATION • 1,883 SF
      119 62nd St, Miami, FL 33138-5909
      View Details
    • Value Estimation by Request

      7615 Biscayne Blvd

      Specialty properties
      7615 Biscayne Blvd, Miami, FL 33138
      View Details
    • Value Estimation by Request

      89 70Th St

      Specialty properties
      89 70Th St, Miami, FL 33138
      View Details
    • Value Estimation by Request
      2,273 SF

      151 62nd St

      CHARITABLE ORGANIZATION • 2,273 SF
      151 62nd St, Miami, FL 33138-5926
      View Details

    Similar Nearby for Sale

    • $575,000

      DUPONT ADDN

      Specialty properties
      89 70Th St, Miami, FL 33138
      View Details
    • $3,500,000

      Miami Shores Prime Commercial Property

      Church & School, 22,480+ SF AC
      9823 4 Ave, Miami Shores, FL 33138
      View Details
    • $6,000,000
      11,176 SF

      Miami Walgreens NNN Investment Property

      Absolute NNN leased Walgreens in Miami with a new 15-year lease.
      11190 SW 88Th St, Miami, FL 33138
      View Details
    • $1,890,000

      Miami Shores Multifamily Investment

      Five-unit income property, Miami Shores
      850 90Th St, Miami, FL 33138
      View Details
    • $2,900,000

      Miami Multifamily Investment Opportunity

      Ten-unit apartment building, strong cash flow.
      0 82Nd Ter, Miami, FL 33138
      View Details
    • $1,199,000
      2,091 SF

      Little River Gardens Fourplex

      Miami Multifamily Investment Opportunity
      8321 Miami Ct, Miami, FL 33138
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Miami Pop-Up Space

      High-traffic 79th St lot, ideal for food trucks.
      633 79Th St, Miami, FL 33138
      View Details
    • $3 SF/Yr
      8,866 SF

      Miami Special Purpose Property

      Remodeled 2/1 Apartment, Prime Location
      131 77Th St, Miami, FL 33138
      View Details
    • $47 SF/Yr
      786 SF

      Miami Event Space Gem

      786 sq ft, 2 bed, 2 bath, huge yard
      136 83, Miami, FL 33138
      View Details
    • $1.09 SF/Yr
      27,425 SF

      Miami Warehouse: Prime Location

      27,425 SF Industrial Space, Single Tenant
      7301 1St Pl, Miami, FL 33138
      View Details
    • $42 SF/Yr
      6,220 SF

      Miami Warehouse: 6,220 SF

      Brand-new warehouse, ideal for various uses.
      6700 2Nd Ct, Miami, FL 33138
      View Details
    • $19 SF/Yr
      2,538 SF

      Neighborhood Shopping Center Retail Space

      Retail space in a busy neighborhood shopping center.
      8000 NE 5Th Ave, Miami, FL 33138
      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.
    127 62nd St
    Miami, FL 33138-5909
    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.