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    1315 98th Ctbay1 Doral, FL 33172-2773
    Property profile & analytics

    1315 98th Ctbay1 Doral, FL 33172-2773

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    • Manufacturing properties
    • 1,720 SF
    Off-Market
    Property ID
    US18-4887931
    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
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1315 98th Ctbay1

    Year built
    2007
    Property size
    1,720 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    35-3032-040-0010
    APU
    3530320400010

    Description

    This exceptional 37,800 square foot single-tenant flex space condo presents a unique investment opportunity in a highly desirable Miami location. The property boasts a 22-foot ceiling height, ideal for various industrial and warehouse uses, complemented by ample office space. The unit features a comprehensive sprinkler system, high-intensity lighting, and 120/240-volt three-phase four-wire electrical service, ensuring operational efficiency. Security is enhanced by overnight security patrols and roll-up shutters. Convenient access is provided by one street-level bay door measuring 12x14 feet. The strategic location offers unparalleled convenience, with proximity to numerous restaurants and shopping malls. Enjoy quick and easy access to major highways, including the Florida Turnpike, 826, 836, Highway 95, and the Port of Miami (within 18 minutes). The property's hurricane protection features provide peace of mind. Its prominent position facing CarMax and a Toyota dealership ensures high visibility. The zoning designation is 7100. This is an exceptional opportunity to acquire a well-equipped, strategically located industrial condo in a thriving Miami market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $648,000
      Market price range: $447k - $717k
      AI Estimate
      $520,000
      Market price range: $226k - $673k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $555,000
      Current use
      MEDICAL BUILDING
      $755,000
      Change: +37% Conversion: Difficult
      OFFICE BUILDING
      $705,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $535,000
      Change: -3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $490,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3547
    Latitude
    25.7866
    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
    $7,498
    $0.00
    $0.00
    $490,200
    -
    $0.00
    $0.00
    $490,200

    Comparable in this City

    • Value Estimation
      $845,000
      2,670 SF

      2330 102nd Ave

      MANUFACTURING (LIGHT) • 2,670 SF
      2330 102nd Ave, Doral, FL 33172-2224
      View Details
    • Value Estimation
      $885,000
      2,795 SF

      2470 102nd Pl Ste, Unit 105

      MANUFACTURING (LIGHT) • 2,795 SF
      2470 102nd Pl Ste, Doral, FL 33172-1385
      View Details
    • Value Estimation by Request
      1,220 SF

      3300 112th Ave, Unit 11

      MANUFACTURING (LIGHT) • 1,220 SF
      3300 112th Ave, Doral, FL 33172-5059
      View Details
    • Value Estimation
      $575,000
      1,723 SF

      1835 112th Ave Ste, Unit 161

      MANUFACTURING (LIGHT) • 1,723 SF
      1835 112th Ave Ste, Sweetwater, FL 33172-1800
      View Details
    • Value Estimation by Request
      1,220 SF

      2441 93rd Ave Ste, Unit 107

      MANUFACTURING (LIGHT) • 1,220 SF
      2441 93rd Ave Ste, Doral, FL 33172-4800
      View Details
    • Value Estimation
      $1,485,000
      5,940 SF

      1650 94th Ave

      MANUFACTURING (LIGHT) • 5,940 SF
      1650 94th Ave, Doral, FL 33172-2836
      View Details

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      3,947 SF

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      3,947 SF warehouse with cooler space for rent.
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      Doral Warehouse with Furnished Offices

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    • $720,000
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      Doral Mixed-Use Office/Warehouse Space

      Office/warehouse with mezzanine, ideal for small businesses or storage.
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      25,545 SF

      Doral Warehouse/Office Bays For Sale

      Ten warehouse/office bays with flexible lease terms in Doral.
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    Similar Nearby for Lease

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      2,000 SF

      Sweetwater Warehouse: Prime Location

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      Doral Flex Space with Mezzanine

      Like new flex space with office and warehouse components.
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      Doral Mixed-Use Flexible Space

      Flexible commercial space in Doral, near Miami International Airport.
      2441 NW 93Rd Rd, Doral, FL 33172
      View Details
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      6,547 SF

      Doral Warehouse with Office Space

      6,547 SF Doral warehouse with office space for lease.
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    • Contact for pricing

      Flex Space in Fingerlakes Plaza

      Flex space with office, showroom, and ample parking.
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    • Contact for pricing

      Warehouse with Office and Mezzanine

      Warehouse with office, mezzanine, dock door, and ample parking.
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      View Details
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    Doral, FL 33172-2773
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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.

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