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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13605 S Dixie Hwy Miami, FL 33161

    • Community centers
    • 140,345 SF
    • 15.19 lot acres
    For Lease
    View listing
    Last Sale
    Jul 29, 2025
    Value Estimations
    $48,920,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2679438
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 13605 S Dixie Hwy

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    15.19 lot acres
    Property size
    140,345 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Community centers
    APN
    33-5022-054-0010
    APU
    3350220540010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $61,857,000
      Market price range: $24.0M - $70.7M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $39,890,000
      Current use
      RETAIL STORES
      $80,285,000
      Change: +101% Conversion: Easy
      MEDICAL BUILDING
      $61,635,000
      Change: +55% Conversion: Difficult
      OFFICE BUILDING
      $49,965,000
      Change: +25% Conversion: Moderate
      WAREHOUSE, STORAGE
      $41,725,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto Bay
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3331
    Latitude
    25.6425
    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
    $1,025,318
    $18,524,884
    $40,081,116
    $58,606,000
    -
    $18,524,884
    $40,081,116
    $58,606,000

    Comparable in this City

    • Value Estimation
      $3,645,000
      36,088 SF

      10834 104th St

      MINI-MALL • 36,088 SF
      10834 104th St, Miami, FL 33176-3307
      View Details
    • Value Estimation
      $1,555,000
      4,159 SF

      8801 136th St

      MINI-MALL • 4,159 SF
      8801 136th St, Miami, FL 33176-5816
      View Details
    • Value Estimation
      $1,525,000
      15,833 SF

      10700 113th Pl

      MINI-MALL • 15,833 SF
      10700 113th Pl, Miami, FL 33176-3254
      View Details
    • Value Estimation
      $14,145,000
      48,885 SF

      14441 Dixie Hwy

      MINI-MALL • 48,885 SF
      14441 Dixie Hwy, Palmetto Bay, FL 33176-7924
      View Details
    • Value Estimation
      $5,055,000
      72,664 SF

      8705 136th St

      MINI-MALL • 72,664 SF
      8705 136th St, Miami, FL 33176-5814
      View Details
    • Value Estimation by Request
      74,693 SF

      14965-95 Dixie Hwy

      Lifestyle centers • 74,693 SF
      14965-95 Dixie Hwy, Miami, FL 33176
      View Details

    Similar Nearby for Sale

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      Palmetto Bay Retail Investment Opportunity

      Prime Location, Vacant, 10,500 SF
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    • $350,000

      Kendall Restaurant Business Opportunity

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      Spacious East Kendall Office Condo

      Furnished office condo in East Kendall with multiple offices.
      11120 N Kendall Dr, Miami, FL 33176
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    • New
      $650,000
      0.14 Acres

      Residential Lot in Kendall, Florida

      6,098 sq ft lot requiring variance for construction.
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    Similar Nearby for Lease

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      Colonial Palms Plaza Retail Space

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      Retail Space in West Kendall

      Retail spaces available in West Kendall shopping center.
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      Retail spaces available in high-traffic Miami shopping center.
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      Cutler Bay Flex/Warehouse Space

      Flex/warehouse space in Cutler Bay with frontage on 106th Ave.
      19200 SW 106Th Ave, Cutler Bay, FL 33176
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    • Contact for pricing
      26,821 SF

      Prime Palmetto Bay Retail Space

      High-traffic retail center, multiple suites available.
      13601 Dixie Hwy, Palmetto Bay, FL 33176
      View Details
    • Contact for pricing
      1,943 SF

      Retail Space in Kendall Square

      Ground floor retail space in a new mixed-use development.
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      View Details
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    Miami, FL 33161
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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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