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    17325 27th Ave Miami Gardens, FL 33056-4056
    Property profile & analytics

    17325 27th Ave, Miami Gardens, FL 33056-4056

    View on Map
    • Outlet malls
    • 24,964 SF
    • 0.90 lot acres
    Off-Market
    Last Sale Jan 27, 2021
    $928,800
    Property ID
    US18-1684951
    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
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 17325 27th Ave

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    0.90 lot acres
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    34-2110-011-1390
    APU
    3421100111390

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 30, 2021 — Clearview Shops LLC — Deed · related $2.8M · First Citizens Bank & Trust Co
    Jan 27, 2021 — Clearview Shops LLC M & M Investment INC Quit Claim Deed · related —
    Mar 17, 2008 $928,800 M & M Investment INC Maydelin Castillo Deed $2M · Wachovia Bank NA

    Description

    This two-story, Class B commercial building, located at 17325 NW 27th Ave, Miami Gardens, FL 33056, offers versatile medical office and retail space. Built in 1990 and renovated in 2002, the property encompasses 24,964 square feet on a 39,204 square foot lot. The building features one elevator and ample parking with 85 spaces. Currently, there is 85 square feet of vacant space available, divisible into units ranging from 500 to 2,000 contiguous square feet. The property is zoned 6500 and its APN is 34-21-10-011-1390. The building is situated on the 27th Ave corridor and offers open space with two bathrooms. This multi-tenant building presents a unique opportunity in the Miami submarket, ideal for medical practices or retail businesses seeking a convenient and accessible location. The property's central location and ample parking make it an attractive option for both tenants and their clients. The building's history of renovations suggests a commitment to maintaining a high standard of quality. This is a single-building property with a total of one suite. Cross street is Miami Gardens Drive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $1,110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,268,000
      Market price range: $929k - $3.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2443
    Latitude
    25.9325
    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
    $55,630
    $823,284
    $2,018,616
    $2,841,900
    -
    $823,284
    $2,018,616
    $2,841,900

    Comparable in this City

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      $1,720,000
      6,320 SF

      17940 27th Ave

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    • Value Estimation
      $8,530,000
      27,467 SF

      19701 37th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
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    • Value Estimation by Request
      4,949 SF

      3175 207th St

      WHOLESALE OUTLET, DISCOUNT STORE
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    • Value Estimation
      $3,035,000
      7,998 SF

      17552 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      17552 27th Ave, Miami Gardens, FL 33056-4006
      View Details
    • Value Estimation
      $2,930,000
      7,200 SF

      19180 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      19180 27th Ave, Miami Gardens, FL 33056-2563
      View Details
    • Value Estimation
      $6,365,000
      9,644 SF

      19801 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      19801 27th Ave, Miami Gardens, FL 33056-2558
      View Details

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      2.4-acre commercial site with 3,000 sq ft building.
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    Similar Nearby for Lease

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      7,500 SF

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      Retail space in Miami Gardens with high traffic and co-tenancy.
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      3,000 SF

      Retail Space in Miami Gardens

      Retail space available for lease in Miami Gardens, Florida.
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    Miami Gardens, FL 33056-4056
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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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