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

    1662 NW 36Th St Miami, FL 33142

    • Outlet malls
    • 2,940 SF
    • 0.07 lot acres
    For Lease
    View listing
    Last Sale
    Jul 11, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0501120
    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

    • Outlet malls

    Property Details for 1662 NW 36Th St

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Property size
    2,940 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Outlet malls
    APN
    01-3126-038-0010
    APU
    131260380010

    Description

    This exceptional 3,200 square foot storefront property presents a compelling investment opportunity in Miami's vibrant Allapattah neighborhood. Located at 1662 NW 36th St, Miami, FL 33142, this retail space sits on a sizable 1.1-acre lot, offering significant potential for expansion or future development. The property is conveniently situated across from Jackson High School, at the intersection of NW 36th St and NW 17th Ave, ensuring high visibility and accessibility. Currently listed at $1,250,000, this translates to a price per square foot of $390.62. The property is ideally suited for a variety of retail uses, benefiting from its strategic location in a rapidly growing area west of Wynwood. The anticipated occupancy date is March 14, 2024, providing ample time for planning and preparation. This is a rare opportunity to acquire a substantial retail space in a prime Miami location with significant upside potential. The property's size and location make it an attractive investment for both established businesses and new ventures seeking a strong foothold in the Miami market. Don't miss this chance to secure a piece of Miami's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $872,000
      Market price range: $393k - $1.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $865,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $835,000
      Change: -4% Conversion: Moderate
      WAREHOUSE, STORAGE
      $695,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2234
    Latitude
    25.8093
    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
    $7,567
    $187,200
    $364,800
    $552,000
    -
    $187,200
    $364,800
    $552,000

    Comparable in this City

    • Value Estimation
      $915,000
      2,938 SF

      2150 17th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,938 SF
      2150 17th Ave, Miami, FL 33142-7455
      View Details
    • Value Estimation
      $2,725,000
      11,810 SF

      2235 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 11,810 SF
      2235 20th St, Miami, FL 33142-7311
      View Details
    • Value Estimation
      $4,845,000
      16,378 SF

      1695 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 16,378 SF
      1695 20th St, Miami, FL 33142-7403
      View Details
    • Value Estimation
      $6,095,000
      26,352 SF

      2098 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 26,352 SF
      2098 20th St, Miami, FL 33142-7304
      View Details
    • Value Estimation
      $1,680,000
      5,537 SF

      2280 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 5,537 SF
      2280 20th St, Miami, FL 33142-7378
      View Details
    • Value Estimation
      $1,145,000
      4,520 SF

      5255 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,520 SF
      5255 27th Ave, Miami, FL 33142-3538
      View Details

    Similar Nearby for Sale

    • $4,750,000
      34,000 SF

      Melrose Redevelopment Opportunity

      Two contiguous lots with existing income and redevelopment potential.
      3520 Northwest 33Rd Avenue Rd, Miami, FL 33142
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    • $2,850,000

      Mixed-Use Property with Development Potential

      Mixed-use property near NW 36th Street with income potential.
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    • Contact for pricing

      Corner Property Near Airport

      Retail, office, and warehouse space with parking.
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    • $1,300,000

      Operating Car Dealership on 36th

      Commercial lot with active car dealership on NW 36th Street.
      3634 NW 36Th St, Miami, FL 33142
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    • $1,995,000
      4,690 SF

      Allapattah Mixed-Use Property for Sale

      Mixed-use property in Allapattah, eligible for Live Local program.
      2199 Nw 22Nd Ct, Miami, FL 33142
      View Details
    • $1,700,000

      Prime Retail Opportunity in Miami

      Two contiguous parcels with high-visibility frontage on NW 27th Avenue.
      2156 NW 27Th Ave, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      869 SF

      Retail Space in Allapattah

      Retail space in north Allapattah with high traffic count.
      3505-3535 NW 17Th Ave, Miami, FL 33142
      View Details
    • $25 SF/Yr
      2,419 SF

      Retail Space Available for Rent

      Retail spaces available on NW 36th St, Miami, FL.
      2360 Nw 36Th St, Miami, FL 33142
      View Details
    • $2,200 /Mo

      Miami Office Space For Rent

      Centrally located office space near Miami International Airport available for rent.
      2721 NW 42Nd Ave, Miami, FL 33142
      View Details
    • Contact for pricing
      5,940 SF

      Prime Allappattah Warehouse Space

      5,940 SF Warehouse, Ideal Location
      1833 20Th St, Miami, FL 33142
      View Details
    • Contact for pricing
      8,050 SF

      Allapattah Flex Space Available

      Miami Flex Space: Modern & Versatile
      1724 22Nd St, Miami, FL 33142
      View Details
    • $20 SF/Yr
      1,500 SF

      Allapattah Retail Building with Parking

      Freestanding 1,500 SF retail building with parking in Allapattah.
      1841-1845 NW 20Th St, Miami, FL 33142
      View Details
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    1662 NW 36Th St
    Miami, FL 33142
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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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