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

    15700 72nd St Miami, FL 33193-5059

    • Outlet malls
    • 29,960 SF
    • 6.96 lot acres
    OFF-MARKET
    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2938486
    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

    • T-Mobile / Internet Service Provider / Telecommunications Service Provider
    • Shoppes at Lago Mar / Grocery Store / Restaurant
    • U.s travel & tours / Travel Agency / Tour Agency

    Property Details for 15700 72nd St

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    6.96 lot acres
    Property size
    29,960 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Outlet malls
    APN
    30-4932-010-0010
    APU
    3049320100010

    Description

    The Shoppes at Lago Mar, located at 15700 SW 72nd Street in Miami, Florida (zip code 33193), offers exceptional retail opportunities in a thriving Miami-Dade County location. This strip center comprises a total of 82,614 square feet and features two suites currently available. The available spaces range from a minimum of 2,200 square feet to a maximum contiguous space of 2,540 square feet, providing flexibility for various retail concepts. A total of 4,740 square feet is currently vacant. Strategically situated at the corner of SW 157th Avenue and SW 72nd Avenue, this property benefits from high visibility and accessibility within a densely populated area of western Miami. The property's prime location ensures significant foot traffic and exposure to a large consumer base. This is an excellent opportunity for businesses seeking a well-established retail presence in a high-growth market. The property's multiple suite configuration allows for diverse tenancy options, creating a vibrant and dynamic retail environment. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure retail space in a highly desirable Miami location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4476
    Latitude
    25.698
    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
    $229,810
    $7,574,975
    $6,634,201
    $14,209,176
    -
    $7,574,975
    $6,634,201
    $14,209,176

    Comparable in this City

    • Value Estimation
      $365,000
      876 SF

      8753 157th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 876 SF
      8753 157th Ave, Miami, FL 33193-1278
      View Details
    • Value Estimation
      $1,355,000
      28,754 SF

      15500 72nd St

      WHOLESALE OUTLET, DISCOUNT STORE • 28,754 SF
      15500 72nd St, Miami, FL 33193-1900
      View Details
    • Value Estimation
      $495,000
      6,935 SF

      15682 72nd St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,935 SF
      15682 72nd St, Miami, FL 33193-1923
      View Details
    • Value Estimation
      $720,000
      16,867 SF

      15705 72nd St

      WHOLESALE OUTLET, DISCOUNT STORE • 16,867 SF
      15705 72nd St, Miami, FL 33193-5069
      View Details
    • Value Estimation
      $1,660,000
      97,333 SF

      15000 Sunset Dr

      MINI-MALL • 97,333 SF
      15000 Sunset Dr, Miami, FL 33193-2301
      View Details
    • Value Estimation
      $1,730,000
      69,296 SF

      15725 72nd St

      MINI-MALL • 69,296 SF
      15725 72nd St, Miami, FL 33193-5070
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant in Prime Location

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      Established Chinese Restaurant in Kendall

      Fully operational restaurant with established clientele and strong reputation.
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      Artisan Pizzeria Business Opportunity

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    • $750,000
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      Lakefront Parcel in Sunset Lakes

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    • $136,000

      Storage Units for Sale

      Storage units available for individual sale.
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    • $289,000
      0.90 Acres

      Vacant Lot with Lake

      0.902-acre vacant lot with lake in Miami, Florida.
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    Similar Nearby for Lease

    • Contact for pricing
      18,356 SF

      West Sunset Square Retail Space

      64,579 SF shopping center at Sunset Drive and SW 157th Avenue.
      15725 SW 72Nd St, Miami, FL 33193
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Western Miami

      Retail space available for rent in a densely populated area.
      15700-15732 SW 72Nd St, Miami, FL 33193
      View Details
    • Contact for pricing
      6,000 SF

      Kendall Executive Center Office Space

      Newly constructed office space in West Kendall, Florida.
      8785 SW 165Th Ave, Miami, FL 33193
      View Details
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    15700 72nd St
    Miami, FL 33193-5059
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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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