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

    1905 NW 93Rd Ave Miami, FL 33172

    • Manufacturing properties
    • 9,425 SF
    • 0.47 lot acres
    For Sale
    View listing
    $3,800,000
    Last Sale
    Nov 28, 2023
    $3,000,000
    Value Estimations
    Cap Rate Potential
    4.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-3744239
    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

    • NI-Furniture / Unfinished Furniture Store
    • Live Edge Table Shop / Furniture Wholesaler
    • Global Processors Oceanic Fisheries / Seafood Wholesaler
    • GLI Miami / Wholesaler / Electronics Accessories Wholesaler

    Property Details for 1905 NW 93Rd Ave

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    0.47 lot acres
    Property size
    9,425 SF
    Zone code
    7600:INTENSIVE USE
    Property type
    Manufacturing properties
    APN
    35-3033-016-0340
    APU
    3530330160340

    Description

    This exceptional 9,009-square-foot warehouse in Miami-Dade County's desirable Doral area offers a single-tenant occupancy opportunity. The property boasts a robust industrial design, featuring twin-T construction and a generous 20-foot clear ceiling height, ideal for various storage and operational needs. Access is facilitated by two street-level loading doors, including one oversized door, ensuring efficient loading and unloading processes. The warehouse also includes a small office space, providing a convenient area for administrative tasks. Its strategic location within Doral's Finger Lakes area offers excellent accessibility and visibility, making it an attractive option for businesses seeking a functional and well-situated warehouse space. The property is classified as industrial, with a warehouse subtype, and is available for lease as a single-tenant space. The building's solid construction and convenient features make it a highly desirable property for businesses seeking a productive and efficient workspace. This warehouse presents a rare opportunity to secure a well-maintained and strategically located industrial space in a thriving Miami-Dade County market. The property's size, features, and location combine to create a compelling offering for businesses seeking to establish or expand their operations in the Doral area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,015,000
      ML approach
      $2,220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,110,000
      6.5%
      $1,950,000
      7%
      $1,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,475,000
      Market price range: $2.45M - $3.93M
      AI Estimate
      $1,987,000
      Market price range: $1.24M - $3.69M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,030,000
      Current use
      MEDICAL BUILDING
      $4,140,000
      Change: +37% Conversion: Difficult
      OFFICE BUILDING
      $3,850,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,930,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3462
    Latitude
    25.7921
    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
    $31,484
    $547,375
    $1,324,625
    $1,872,000
    -
    $547,375
    $1,324,625
    $1,872,000

    Comparable in this City

    • Value Estimation
      $405,000
      9,105 SF

      2855 112th Ave

      MANUFACTURING (LIGHT) • 9,105 SF
      2855 112th Ave, Doral, FL 33172-1810
      View Details
    • Value Estimation by Request
      4,661 SF

      2712 112th Ave

      MANUFACTURING (LIGHT) • 4,661 SF
      2712 112th Ave, Doral, FL 33172-1805
      View Details
    • Value Estimation by Request
      4,661 SF

      2716 112th Ave

      MANUFACTURING (LIGHT) • 4,661 SF
      2716 112th Ave, Doral, FL 33172-1805
      View Details
    • Value Estimation by Request
      4,661 SF

      2810 112th Ave

      MANUFACTURING (LIGHT) • 4,661 SF
      2810 112th Ave, Doral, FL 33172-1809
      View Details
    • Value Estimation by Request
      4,385 SF

      2618 112th Ave

      MANUFACTURING (LIGHT) • 4,385 SF
      2618 112th Ave, Doral, FL 33172-1818
      View Details
    • Value Estimation by Request
      4,714 SF

      2718 112th Ave

      MANUFACTURING (LIGHT) • 4,714 SF
      2718 112th Ave, Doral, FL 33172-1805
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Doral Industrial Building For Sale

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      Doral Bakery Manufacturing Opportunity

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      Sweetwater Industrial Space For Sale

      Prime location, move-in ready warehouse
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    Similar Nearby for Lease

    • $24 SF/Yr
      174,024 SF

      Doral Flex Space Available

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      View Details
    • $16 SF/Yr
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      Doral Industrial Space For Lease

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    • $20 SF/Yr
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      View Details
    • Contact for pricing
      20,000 SF

      Doral Industrial Space For Lease

      Prime Doral Warehouse: Cooler, Freezer, Office
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      View Details
    • $0.01 SF/Yr
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      Doral Warehouse: 39,906 SF

      Prime Doral warehouse, single tenant, immediate occupancy.
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      View Details
    • $20 SF/Yr

      Doral Industrial Warehouse with Freezer

      3,960 SF industrial warehouse space with freezer and cooler.
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      View Details
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    1905 NW 93Rd Ave
    Miami, FL 33172
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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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