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    Property profile & analytics

    1981 88th Ct Doral, FL 33172-2698

    • Office buildings
    • 1,870 SF
    OFF-MARKET
    Last Sale
    Jun 10, 2021
    $1,600,000
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    3.4%
    Office buildings
    Location Intelligence
    Property ID
    US18-2256237
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1981 88th Ct

    Year built
    1989
    Property size
    1,870 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Office buildings
    APN
    35-3033-032-0080
    APU
    3530330320080

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $955,000
      6.5%
      $880,000
      7%
      $815,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $765,000
      Current use
      COMMERCIAL (GENERAL)
      $1,380,000
      Change: +81% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,225,000
      Change: +60% Conversion: Difficult
      RETAIL STORES
      $1,075,000
      Change: +40% Conversion: Moderate
      MEDICAL BUILDING
      $820,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3388
    Latitude
    25.7924
    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
    $7,416
    $0.00
    $0.00
    $458,150
    -
    $0.00
    $0.00
    $458,150

    Comparable in this City

    • Value Estimation
      $1,270,000
      4,193 SF

      10200 25th St113mez

      OFFICE BUILDING (MULTI-STORY) • 4,193 SF
      10200 25th St113mez, Doral, FL 33172-5921
      View Details
    • Value Estimation
      $9,410,000
      27,277 SF

      2200 107th Ave

      OFFICE BUILDING • 27,277 SF
      2200 107th Ave, Sweetwater, FL 33172-2511
      View Details
    • Value Estimation
      $895,000
      2,992 SF

      1400 107th Ave Ste, Unit 200

      PROFESSIONAL BUILDING • 2,992 SF
      1400 107th Ave Ste, Sweetwater, FL 33172-2746
      View Details
    • Value Estimation by Request
      760 SF

      10450 33rd St, Unit 204

      OFFICE BUILDING (MULTI-STORY) • 760 SF
      10450 33rd St, Doral, FL 33172-1005
      View Details
    • Value Estimation
      $31,310,000
      90,766 SF

      11226 20th St

      OFFICE BUILDING (MULTI-STORY) • 90,766 SF
      11226 20th St, Sweetwater, FL 33172-1824
      View Details
    • Value Estimation by Request
      623 SF

      10540 26th St Ste G205

      OFFICE BUILDING (MULTI-STORY) • 623 SF
      10540 26th St Ste G205, Doral, FL 33172-5933
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,712 SF

      Doral Freestanding Office Building

      Two-story Doral building suitable for owner use or investment.
      2550 NW 100Th Ave, Doral, FL 33172
      View Details
    • $1,295,000

      Remodeled Sweetwater Condominium with Showroom

      Remodeled condominium with showroom, warehouse, and office space in Sweetwater.
      Sweetwater, FL 33172
      View Details
    • $530,000
      770 SF

      Sweetwater Office Space - Modern & New

      770 sq ft Office, Prime Location, Balcony
      Sweetwater, FL 33172
      View Details
    • $800,000

      Doral Office Investment Opportunity

      Two office condos in Doral, leased to long-term tenants.
      2400 NW 87Th Pl, Doral, FL 33172
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Class A Office Space Available

      Class A office building designed for business continuity.
      11410 NW 20Th St, Miami, FL 33172
      View Details
    • Contact for pricing

      Secure Gated Office Complex

      Four-building office complex in West Dade with Fortune 500 tenants.
      730 NW 107Th Ave, Miami, FL 33172
      View Details
    • Contact for pricing

      Secure Gated Office Complex

      Four-building office complex in West Dade with Fortune 500 tenants.
      760 NW 107Th Ave, Miami, FL 33172
      View Details
    • Contact for pricing

      Campus Style Office Park

      Gated office park with superior tenant base and amenities.
      700 NW 107Th Ave, Miami, FL 33172
      View Details
    • $3,500 /Mo

      Sweetwater Commercial Office/Warehouse Space

      Office/warehouse space in prime location with high traffic exposure.
      10801 NW 14Th St, Sweetwater, FL 33172
      View Details
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    1981 88th Ct
    Doral, FL 33172-2698
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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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