Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12960 89th Ave Miami, FL 33176-5850

    • Warehouses
    • 9,348 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $2,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0159299
    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

    • Elite Power Volleyball Academy / Gym & Fitness Center
    • Popeyes Louisiana Kitchen / Restaurant / Take-out & Catering
    • Popeyes Louisiana Kitchen - Delivery / Restaurant

    Property Details for 12960 89th Ave

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    1.03 lot acres
    Property size
    9,348 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Warehouses
    APN
    30-5016-033-0060
    APU
    3050160330060

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,540,000
      6.5%
      $2,345,000
      7%
      $2,180,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,780,000
      Current use
      OFFICE BUILDING
      $3,330,000
      Change: +20% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,655,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3387
    Latitude
    25.6489
    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
    $55,342
    $1,794,640
    $2,049,360
    $3,844,000
    -
    $1,794,640
    $2,049,360
    $3,844,000

    Comparable in this City

    • Value Estimation
      $1,580,000
      10,243 SF

      13100 87th Ave

      WAREHOUSE, STORAGE • 10,243 SF
      13100 87th Ave, Miami, FL 33176-5921
      View Details
    • Value Estimation
      $905,000
      4,752 SF

      8741 129th St

      WAREHOUSE, STORAGE • 4,752 SF
      8741 129th St, Miami, FL 33176-5916
      View Details
    • Value Estimation
      $1,395,000
      8,000 SF

      8710 132nd St

      WAREHOUSE, STORAGE • 8,000 SF
      8710 132nd St, Miami, FL 33176-5927
      View Details
    • Value Estimation
      $1,870,000
      12,124 SF

      8815 131st St

      WAREHOUSE, STORAGE • 12,124 SF
      8815 131st St, Miami, FL 33176-5953
      View Details
    • Value Estimation
      $1,085,000
      8,346 SF

      13280 87th Ave

      WAREHOUSE, STORAGE • 8,346 SF
      13280 87th Ave, Miami, FL 33176-5922
      View Details
    • Value Estimation
      $1,095,000
      6,200 SF

      8835 129th St

      WAREHOUSE, STORAGE • 6,200 SF
      8835 129th St, Miami, FL 33176-5918
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,978 SF

      Renovated Warehouse in South Miami

      Freestanding, renovated warehouse in prime South Miami location.
      8901 SW 129Th St, Miami, FL 33176
      View Details
    • $145,000

      Signage Manufacturing Business Opportunity

      Established signage manufacturing business for sale in Cutler Bay, Florida.
      19200 SW 106Th Ave, Cutler Bay, FL 33176
      View Details
    • Contact for pricing

      Spacious East Kendall Office Condo

      Furnished office condo in East Kendall with multiple offices.
      11120 N Kendall Dr, Miami, FL 33176
      View Details
    • Contact for pricing

      Kendall Office Space For Sale

      Move-in ready office space in Kendall with all services included.
      11240 SW 88Th St, Miami, FL 33176
      View Details
    • $3,900,000

      Miami Multifamily Investment Opportunity

      12-Unit Apartment Complex, High ROI Potential
      11440 Lincoln Blvd, Miami, FL 33176
      View Details
    • $1,250,000
      0.39 Acres

      Oversized Lots in Gated Subdivision

      Two oversized lots in Miami's gated community, ready to build.
      12641 SW 93Rd Ct, Miami, FL 33176
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      158,487 SF

      Hialeah Gardens Warehouse Space Available

      New warehouse space for lease in Hialeah Gardens, Florida.
      10701 NW 140Th St, Hialeah Gardens, FL 33176
      View Details
    • Contact for pricing
      56,876 SF

      Cutler Bay Flex/Warehouse Space

      Flex/warehouse space in Cutler Bay with frontage on 106th Ave.
      19200 SW 106Th Ave, Cutler Bay, FL 33176
      View Details
    • $26 SF/Yr

      Warehouse Bay Near The Falls

      1,450 SF warehouse bay with grade-level loading door.
      8891-8897 SW 129Th St, Miami, FL 33176
      View Details
    • Contact for pricing
      57,336 SF

      Cutler Bay Industrial/Warehouse Space

      57,336 SF industrial/warehouse space in the heart of Cutler Bay.
      19100 Sw 106Th Ave, Cutler Bay, FL 33176
      View Details
    • Contact for pricing
      34,117 SF

      Miami Industrial Space For Lease

      Industrial space for lease with easy access to transport hubs.
      11250 Northwest 122Nd St, Miami, FL 33176
      View Details
    • Contact for pricing

      Medley Industrial Space For Lease

      5,000 SF industrial space with dock high loading door.
      9701-9793 NW 97Th Ter, Medley, FL 33176
      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.
    12960 89th Ave
    Miami, FL 33176-5850
    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.
    Sign Up Successful!
    You now have access to more from Realmo!