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

    17320 27Th Ave Miami Gardens, FL 33056

    • Commercial real estate
    • 1,414 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5508310
    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

    • Commercial real estate

    Property Details for 17320 27Th Ave

    Year built
    1957
    Property size
    1,414 SF
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 17320 NW 27th Avenue in Miami Gardens, Florida, presents a unique investment opportunity. Boasting a total area of 1,414 square feet, this single-unit building was constructed in 1957 and is situated in the 33056 zip code. The property's versatility makes it ideal for a variety of business ventures. While the lot size is not specified, ample parking is available, a significant advantage for both customers and employees. The building is in excellent condition, ready for immediate occupancy and use. The asking price for this strategically located Miami Gardens property is $575,000. Its prime location within Miami-Dade County, Florida, offers easy access to major transportation routes and a thriving local community. This is a rare chance to acquire a well-maintained, functional mixed-use space in a desirable area. The property's strong structural integrity and convenient parking make it an attractive proposition for discerning investors seeking a profitable venture. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2452739
    Latitude
    25.93239

    Comparable in this City

    • $6,950,000

      Mixed-Use Building For Sale

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      Miami Gardens Mixed-Use Development Site

      2.4-acre site ideal for mixed-use development in Miami Gardens.
      16801 NW 27Th Ave, Miami Gardens, FL 33056
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      10,750 SF

      Miami Gardens Warehouse For Sale

      10,750 SF Industrial Space, Fully Renovated
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      15,114 SF

      Freestanding CVS Pharmacy in Miami

      Single-tenant CVS with Absolute NNN lease in Miami Gardens.
      3700 NW 199Th Ln, Miami Gardens, FL 33056
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      Miami Gardens Place of Worship

      Centrally located church with offices, classrooms, and remote parking.
      18291 NW 23Rd Avenue Rd, Miami Gardens, FL 33056
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    • $704,900

      Renovated Duplex with Strong Income

      Fully renovated duplex generating $66,000 annually with large backyards.
      3630 NW 194Th Ter, Miami, FL 33056
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    Similar Nearby for Sale

    • $6,950,000

      Mixed-Use Building For Sale

      Mixed-use building with stable cash flow in growing neighborhood.
      17325 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
    • $4,750,000
      2.40 Acres

      Miami Gardens Mixed-Use Development Site

      2.4-acre site ideal for mixed-use development in Miami Gardens.
      16801 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
    • $4,000,000

      Miami Gardens Place of Worship

      Centrally located church with offices, classrooms, and remote parking.
      18291 NW 23Rd Avenue Rd, Miami Gardens, FL 33056
      View Details
    • $704,900

      Renovated Duplex with Strong Income

      Fully renovated duplex generating $66,000 annually with large backyards.
      3630 NW 194Th Ter, Miami, FL 33056
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    • $189,999
      0.10 Acres

      Residential Lot in Miami Gardens

      Residential lot ready to build, near major highways and attractions.
      2451 NW 167Th St, Miami Gardens, FL 33056
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    • $699,000

      Prime Corner Lot in Miami Gardens

      Corner lot in high-traffic Miami Gardens commercial area.
      1798 NW 183Rd St, Miami, FL 33056
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    Similar Nearby for Lease

    • $2,500 /Mo

      Retail Space, Miami Gardens, FL

      Retail space available for rent in Miami Gardens, Florida.
      3251 NW 183Rd St, Miami Gardens, FL 33056
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    • $9,500 /Mo

      Prime Commercial Site For Lease

      2.4-acre commercial site with 3,000 sq ft building in Miami Gardens.
      16801 NW 27Th Ave, Miami Gardens, FL 33056
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    • $45 SF/Yr
      19,664 SF

      Miami Gardens Retail Center

      Prime Retail Space, Miami Gardens, FL
      19184 27Th Ave, Miami Gardens, FL 33056
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    • $0.03 SF/Yr
      13,950 SF

      Local Playa Plaza Retail Space

      Miami Gardens Retail: 13,950 SF, High Visibility
      19401 27Th Ave, Miami Gardens, FL 33056
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    • $32 SF/Yr
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      Retail Space in Miami Gardens

      Retail space available for lease in Miami Gardens, Florida.
      18051 Nw 27Th Ave, Miami Gardens, FL 33056
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    • Contact for pricing
      8,000 SF

      High-Traffic Retail Space Available

      Retail space in Miami Gardens with high traffic and co-tenancy.
      17165-17237 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
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    17320 27Th Ave
    Miami Gardens, FL 33056
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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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