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    Property profile & analytics

    17890 NW 29 Ct Miami Gardens, FL 33056

    • Warehouses
    • 8,750 SF
    • 0.38 lot acres
    For Sale
    View listing
    $6,000,000
    Last Sale
    Aug 06, 2021
    $1,940,000
    Value Estimations
    Cap Rate Potential
    5.9%
    Warehouses
    Location Intelligence
    Property ID
    US18-2670961
    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

    • Warehouses

    Property Details for 17890 NW 29 Ct

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.38 lot acres
    Property size
    8,750 SF
    Zone code
    6800:COMM,PROFESS OFFICES
    Property type
    Warehouses
    APN
    34-2109-002-1071
    APU
    3421090021071

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,420,000
      ML approach
      $2,395,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,380,000
      6.5%
      $2,195,000
      7%
      $2,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,240,000
      Market price range: $1.66M - $4.23M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,600,000
      Current use
      MEDICAL BUILDING
      $3,845,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,485,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2507
    Latitude
    25.9369
    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
    $30,439
    $248,280
    $1,087,720
    $1,336,000
    -
    $248,280
    $1,087,720
    $1,336,000

    Comparable in this City

    • Value Estimation
      $970,000
      19,070 SF

      2025 167th St

      WAREHOUSE, STORAGE • 19,070 SF
      2025 167th St, Miami Gardens, FL 33056-4760
      View Details
    • Value Estimation by Request
      28,040 SF

      3491 168Th St

      Distribution properties • 28,040 SF
      3491 168Th St, Miami Gardens, FL 33056
      View Details
    • Value Estimation
      $835,000
      4,800 SF

      2765 207th St

      WAREHOUSE, STORAGE • 4,800 SF
      2765 207th St, Miami Gardens, FL 33056-1459
      View Details
    • Value Estimation
      $1,065,000
      20,530 SF

      3390 168th St

      WAREHOUSE, STORAGE • 20,530 SF
      3390 168th St, Miami Gardens, FL 33056-4260
      View Details
    • Value Estimation
      $4,935,000
      24,949 SF

      18470 27th Ave

      WAREHOUSE, STORAGE • 24,949 SF
      18470 27th Ave, Miami Gardens, FL 33056-3103
      View Details
    • Value Estimation by Request
      10,750 SF

      Miami Gardens Dr

      Distribution properties • 10,750 SF
      0 Miami Gardens Dr, Miami Gardens, FL 33056
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,750 SF

      Miami Gardens Warehouse For Sale

      10,750 SF Industrial Space, Fully Renovated
      0 Miami Gardens Dr, Miami Gardens, FL 33056
      View Details
    • $6,000,000

      Updated Warehouse in Miami Gardens

      Commercial warehouse with heavy power, updated features, and excellent accessibility.
      17890 NW 29 Ct, Miami Gardens, FL 33056
      View Details
    • $6,090,000
      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
      View Details
    • $699,000

      Prime Corner Lot in Miami Gardens

      Corner lot in high-traffic Miami Gardens commercial area.
      1798 NW 183Rd St, Miami, FL 33056
      View Details
    • $270,000

      Land For Sale

      Land available for sale.
      18141 NW 20Th Ave, Miami Gardens, FL 33056
      View Details
    • $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

    Similar Nearby for Lease

    • $40 SF/Yr

      Miami Gardens Warehouse with Office

      Commercial warehouse with office space, convenient access to major expressways.
      17890 NW 29 Ct, Miami Gardens, FL 33056
      View Details
    • $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
      View Details
    • $32 SF/Yr
      3,000 SF

      Retail Space in Miami Gardens

      Retail space available for lease in Miami Gardens, Florida.
      18051 Nw 27Th Ave, Miami Gardens, FL 33056
      View Details
    • $23 SF/Yr
      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
    • $1,995,000
      2,800 SF

      Freestanding Restaurant in Miami Gardens

      2,800 SF second-generation restaurant on 0.47-acre site.
      4837 NW 183Rd Dr, Miami Gardens, FL 33056
      View Details
    • $48 SF/Yr
      4,338 SF

      Prime Miami Gardens Restaurant

      Established eatery, ample parking, great location.
      17731 27Th Ave, Miami Gardens, FL 33056
      View Details
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    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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