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    Property profile & analytics

    1568 89th Ct, Unit 1 Doral, FL 33172-2647

    • Manufacturing properties
    • 3,445 SF
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3869601
    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 / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1568 89th Ct

    Year built
    2002
    Property size
    3,445 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Manufacturing properties
    APN
    35-3033-049-0010
    APU
    3530330490010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,116,000
      Market price range: $894k - $1.44M
      AI Estimate
      $895,000
      Market price range: $453k - $1.35M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,105,000
      Current use
      MEDICAL BUILDING
      $1,515,000
      Change: +37% Conversion: Difficult
      OFFICE BUILDING
      $1,410,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,070,000
      Change: -3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $980,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3416
    Latitude
    25.7882
    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
    $11,733
    $0.00
    $0.00
    $844,025
    -
    $0.00
    $0.00
    $844,025

    Comparable in this City

    • Value Estimation
      $1,115,000
      4,255 SF

      9000 15th St, Unit 3

      MANUFACTURING (LIGHT) • 4,255 SF
      9000 15th St, Doral, FL 33172-2990
      View Details
    • Value Estimation
      $3,790,000
      19,373 SF

      9000 15th St, Unit 9

      MANUFACTURING (LIGHT) • 19,373 SF
      9000 15th St, Doral, FL 33172-2990
      View Details
    • Value Estimation
      $6,840,000
      31,007 SF

      9475 13th St

      MANUFACTURING (LIGHT) • 31,007 SF
      9475 13th St, Doral, FL 33172-2809
      View Details
    • Value Estimation
      $1,085,000
      3,960 SF

      9399 13th St, Unit 1

      MANUFACTURING (LIGHT) • 3,960 SF
      9399 13th St, Doral, FL 33172-2807
      View Details
    • Value Estimation
      $755,000
      2,430 SF

      9500 12th St Ste, Unit 3

      MANUFACTURING (LIGHT) • 2,430 SF
      9500 12th St Ste, Doral, FL 33172-2830
      View Details
    • Value Estimation
      $1,430,000
      6,000 SF

      10832 27th St

      MANUFACTURING (LIGHT) • 6,000 SF
      10832 27th St, Doral, FL 33172-5907
      View Details

    Similar Nearby for Sale

    • $3,800,000
      9,009 SF

      Doral Industrial Property For Sale

      9,009 SF freestanding building in Doral's Finger Lakes.
      1905 NW 93Rd Ave, Doral, FL 33172
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    • $2,500,000

      Doral Warehouse: Prime Location

      Luxury Office & Warehouse in Doral, FL
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      View Details
    • $839,000

      Sweetwater Industrial Corner Unit

      Store and warehouse near highways and malls. Tenant occupied.
      2451 NW 109Th Ave, Sweetwater, FL 33172
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    • Contact for pricing

      Doral Warehouse with Loading Dock

      Warehouse space in Doral with easy highway access.
      10431 NW 28Th St, Doral, FL 33172
      View Details
    • Contact for pricing

      Refrigerated Warehouse Space Available

      Refrigerated warehouse with dock doors near major expressways.
      9667 NW 33Rd St, Doral, FL 33172
      View Details
    • $9,000,000

      Doral Warehouse: Prime Industrial Investment

      Ten-bay warehouse, excellent location, high demand.
      1357 88 Ave, Doral, FL 33172
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      174,024 SF

      Doral Flex Space Available

      Modern Industrial Space, Flexible Lease Terms
      2900 112 Ave, Doral, FL 33172
      View Details
    • $20 SF/Yr
      63,000 SF

      Doral Warehouse Space Available

      Modern Flex Space, Miami, FL
      10800 21St St, Miami, FL 33172
      View Details
    • $16 SF/Yr
      118,449 SF

      Doral Industrial Space For Lease

      118,449 SF Flex Warehouse, 21 Docks
      1910 97 Ave, Doral, FL 33172
      View Details
    • $3,300 /Mo

      Sweetwater Warehouse with Office Space

      Air-conditioned warehouse with office near highways and airport.
      1845 NW 112Th Ave, Sweetwater, FL 33172
      View Details
    • $0.12 SF/Yr
      2,670 SF

      Doral Flex Space: 2670 sq ft

      Turnkey flex-warehouse, ideal Doral location.
      2330 102 Ave, Doral, FL 33172
      View Details
    • $0.03 SF/Yr
      6,560 SF

      Doral Warehouse: 6,560 SF Available

      Prime Doral warehouse, 6,560 sq ft, immediate occupancy.
      2310 102Nd Pl, Doral, FL 33172
      View Details
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    Doral, FL 33172-2647
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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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