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

    13050 Dixie Hwy North Miami, FL 33161-4952

    • Retail space
    • 2,661 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Aug 01, 2024
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0287451
    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

    • Retail space

    Property Details for 13050 Dixie Hwy

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Property size
    2,661 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Retail space
    APN
    06-2229-050-0010
    APU
    622290500010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $190,000
      Market price range: $121k - $437k

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1824
    Latitude
    25.8957
    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
    $6,982
    $230,050
    $139,060
    $369,110
    -
    $230,050
    $139,060
    $369,110

    Comparable in this City

    • Value Estimation
      $415,000
      8,940 SF

      12233 13th Ct

      RETAIL STORES (PERSONAL SERVICES) • 8,940 SF
      12233 13th Ct, North Miami, FL 33161-6517
      View Details
    • Value Estimation by Request

      806 125Th St

      Individual retail properties
      806 125Th St, North Miami, FL 33161
      View Details
    • Value Estimation
      $290,000
      3,912 SF

      13500 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,912 SF
      13500 Dixie Hwy, North Miami, FL 33161-3828
      View Details
    • Value Estimation by Request
      36,980 SF

      860 125Th St

      Individual retail properties • 36,980 SF
      860 125Th St, North Miami, FL 33161
      View Details
    • Value Estimation by Request
      4,268 SF

      12255 16th Ave

      FINANCIAL BUILDING • 4,268 SF
      12255 16th Ave, North Miami, FL 33161-6509
      View Details
    • Value Estimation
      $925,000
      49,373 SF

      12855 6th Ave

      GROCERY, SUPERMARKET • 49,373 SF
      12855 6th Ave, North Miami, FL 33161-4714
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Corner Building in North Miami

      Freestanding, renovated corner building with parking in North Miami.
      997 NE 125Th St, Miami, FL 33161
      View Details
    • $2,999,000
      3,750 SF

      Retail Building in Development Hotspot

      Stand-alone retail building in high-traffic area with development potential.
      505 NE 125Th Ter, North Miami, FL 33161
      View Details
    • $2,000,000

      Fully Leased Retail Center

      Seven-unit retail center in North Miami with high visibility.
      12985 W Dixie Hwy, Miami, FL 33161
      View Details
    • Contact for pricing

      Drive-Thru Ready Freestanding Building

      Freestanding building with drive-thru on high-traffic W Dixie Highway.
      14100 W Dixie Hwy, Miami, FL 33161
      View Details
    • $2,200,000
      3,988 SF

      Renovated Restaurant with Patio Seating

      Move-in-ready restaurant with patio, meat market in stable neighborhood.
      990 NW 119Th St, Miami, FL 33161
      View Details
    • $600,000

      Retail Business with Argentinian Grills

      Retail business for sale featuring Argentinian-made grills and ovens.
      12572 NE 14Th Ave, Miami, FL 33161
      View Details

    Similar Nearby for Lease

    • $49 SF/Yr
      6,640 SF

      Retail/Medical Building on South Dixie

      Free-standing building with ample parking and high visibility.
      13595 S Dixie Hwy, Miami, FL 33161
      View Details
    • Contact for pricing
      930 SF

      Retail Space Near Major Roadways

      Retail space with frontage on a major commuter road.
      805-839 NW 119Th St, Miami, FL 33161
      View Details
    • New
      $3,699 /Mo

      North Miami Retail/Office/Showroom Space

      Retail/office/showroom space in high-traffic area, future redevelopment potential.
      13639 W Dixie Hwy, Miami, FL 33161
      View Details
    • Contact for pricing
      677 SF

      Retail Space Near Major Roads

      Retail property with frontage on a major commuter road.
      835-865 NW 119Th St N, Miami, FL 33161
      View Details
    • Contact for pricing
      2,200 SF

      North Miami Retail Space Available

      Retail space for rent in North Miami, Florida.
      805 NE 125Th Ter, North Miami, FL 33161
      View Details
    • Contact for pricing
      800 SF

      North Miami Retail/Office Space

      Located in the heart of North Miami on busy 125th.
      927-955 NE 125Th Ter, North Miami, FL 33161
      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.
    13050 Dixie Hwy
    North Miami, FL 33161-4952
    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.