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

    2001 167th St Miami Gardens, FL 33056-4760

    • Warehouses
    • 16,920 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2022
    $3,395,000
    Value Estimations
    $4,215,000
    Show details
    Cap Rate Potential
    6.6%
    Warehouses
    Location Intelligence
    Property ID
    US18-2890606
    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 2001 167th St

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Property size
    16,920 SF
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Warehouses
    APN
    34-2110-001-4940
    APU
    3421100014940

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,210,000
      ML approach
      $4,355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,600,000
      6.5%
      $4,245,000
      7%
      $3,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,215,000
      Market price range: $3.22M - $8.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,030,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,810,000
      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
    -80.2349
    Latitude
    25.9273
    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
    $57,905
    $397,725
    $2,116,275
    $2,514,000
    -
    $397,725
    $2,116,275
    $2,514,000

    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
      $8,395,000
      28,896 SF

      16725 20th Ave

      WAREHOUSE, STORAGE • 28,896 SF
      16725 20th Ave, Miami Gardens, FL 33056-4821
      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

    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
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    • $7,200,000

      Miami Gardens Multifamily Investment

      High-potential 84-unit development site.
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      Retail Shopping Center For Sale

      5,500 SF shopping center on 0.610-acre lot.
      207 St NW, Miami Gardens, FL 33056
      View Details
    • $949,999

      Miami Gardens Duplex on Oversized Lot

      Duplex on 30,000+ sq ft lot, potential for expansion.
      16766 NW 18Th Ave, Miami Gardens, FL 33056
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    • $69,999

      Turnkey Ice Cream Business Opportunity

      Fully equipped ice cream business for sale in Miami Gardens.
      17560 NW 27Th Ave, Miami Gardens, FL 33056
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    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
    • Contact for pricing
      1,300 SF

      Retail Space in Miami Gardens

      Retail space with high traffic and renovated parking.
      4500-4694 NW 183Rd Dr, Miami Gardens, FL 33056
      View Details
    • $2,900 /Mo

      Miami Gardens Multifamily Property

      Multifamily property available for rent in Miami Gardens, Florida.
      19121 NW 34Th Ct, Miami, FL 33056
      View Details
    • $45 SF/Yr
      19,664 SF

      Miami Gardens Retail Center

      Prime Retail Space, Miami Gardens, FL
      19184 27Th Ave, 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
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    2001 167th St
    Miami Gardens, FL 33056-4760
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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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