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    Xxx51 NW 27Th Ave Miami Gardens, FL 33054
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    Property profile & analytics

    Xxx51 NW 27Th Ave, Miami Gardens, FL 33054

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    • Outlet malls
    • 9,723 SF
    • 0.66 lot acres
    For Sale
    $2,900,000
    View Listing →
    Spacious Retail/Warehouse/Office Opportunity For Sale
    $2,900,000
    8,253 SF

    Spacious Retail/Warehouse/Office Opportunity

    8253 SF retail/warehouse/office space with high ceilings.

    16525 NW 27th Ave, Miami Gardens, FL 33054
    View Listing
    Property ID
    US19-0283627
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for Xxx51 NW 27Th Ave

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.66 lot acres
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    34-2115-002-0290
    APU
    3421150020290

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2010 $350,000 Leaseflorida Dev LLC Hi LLC Grant Deed —
    Dec 9, 2009 — Hi LLC Dawson,knowlan Coc Trustees Deed · related —
    May 12, 2009 — Knowlan Dawson Dawson,debbie Quit Claim Deed · related —
    Oct 7, 2008 — Debbie Dawson Sonder Ents INC Warranty Deed —
    Apr 26, 2005 $450,000 Sonder Enterprises INC The Dawson Family Co Warranty Deed $340k · Sf Partners Mortgage LLC
    — — Leaseflorida Dev LLC — Deed Of Trust · related $675k · Mercantile Commerce Bank

    Description

    This exceptional 8,253 square foot freestanding retail building, located at 16525 NW 27th Ave in Miami Gardens, Florida, presents a unique investment opportunity. Built in 1960 and renovated in 2004, the Class B property sits on a substantial 28,743 square foot lot, offering ample space and visibility. The single-tenant occupancy allows for complete control and customization. The building boasts a spacious, open-concept layout ideal for a variety of commercial uses. Its prominent corner location ensures outstanding street exposure, attracting significant foot traffic. Convenience is further enhanced by the availability of 32 parking spaces, benefiting both customers and employees. The property is zoned 6500 - COMMERCIAL - CLASSIFIED, providing flexibility for various business ventures. This well-maintained building offers a blend of established infrastructure and modern updates, making it an attractive option for discerning investors seeking a high-impact retail presence in a thriving Miami Gardens location. The property's size, location, and parking make it an ideal space for a variety of businesses. This is a rare opportunity to acquire a well-positioned, freestanding retail building in a desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,970,000
      6.5%
      $1,815,000
      7%
      $1,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.244
    Latitude
    25.9247
    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
    $38,048
    $574,860
    $1,613,640
    $2,188,500
    -
    $574,860
    $1,613,640
    $2,188,500

    Comparable in this City

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      13950 27th Ave

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      View Details
    • Value Estimation
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      6,595 SF

      13400 27th Ave

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      7,344 SF

      14566 22nd Ave

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      View Details
    • Value Estimation
      $880,000
      2,605 SF

      725 Opa Locka Blvd

      WHOLESALE OUTLET, DISCOUNT STORE
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      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Miami Gardens Shopping Center For Sale

      Shopping center in Miami Gardens with high traffic and exposure.
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      High-Exposure Flex Industrial/Retail Asset

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      Hialeah Industrial Warehouse For Sale

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      Spacious Retail Storefront with Parking

      8000 SF retail space with high ceilings and parking.
      16525 NW 27Th Ave, Miami Gardens, FL 33054
      View Details
    • $450,000

      Opa-Locka Restaurant - $450K

      Prime Opa-Locka Restaurant, High Capacity
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      Storefront Retail Space Near Amazon

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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Miami Gardens

      Local shopping center with high traffic and excellent exposure.
      16650 NW 27Th Ave, Opa Locka, FL 33054
      View Details
    • $2,750 /Mo
      2,827 SF

      Opa-Locka Storefront Retail Space

      Retail space next to Amazon Fulfillment Center with high ceilings.
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      View Details
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      15,000 SF

      Stop n Shop Plaza: Miami Gardens

      Prime Retail Space, 15,000 sq ft
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      416,674 SF

      Opa-locka Land with Office Building

      Land with office building, approved for auto salvage and parking.
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      Opa-locka Retail Space Available

      8500 SF retail space with flexible usage options.
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      View Details
    • $13,000 /Mo
      6,347 SF

      Opa-Locka Mixed-Use Zoned Land

      26,595 SF B-2 zoned land for lease.
      13510 NW 27Th Ave, Opa Locka, FL 33054
      View Details
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    Miami Gardens, FL 33054
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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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