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

    20701 168Th St Miami, FL 33187

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6772441
    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

    • Commercial real estate

    Property Details for 20701 168Th St

    Property type
    Commercial real estate

    Description

    This exceptional 9-acre property located at 20701 SW 168th St, Miami, Florida 33187, presents a unique investment opportunity in the desirable Redlands area of Miami-Dade County. Priced at $2,600,000, the offering includes a fully fenced parcel of land encompassing approximately nine acres. The property boasts a 2-bedroom, 1-bathroom single-family home, perfect for residential use or as a manager's residence. A functioning nursery is also included, adding to the property's versatility and potential income streams. Currently generating over $7,000 in monthly income, this established business offers immediate returns on investment. The property is being sold in its "as is" condition, allowing for potential renovations and further development to maximize its value. Embrace the tranquility of farm living while benefiting from a prime location and existing income-generating assets. This is a rare opportunity to acquire a substantial land holding with established income in a highly sought-after area. The property's latitude and longitude coordinates are 25.6086639, -80.5271063 respectively. Don't miss this chance to own a piece of Miami's rich agricultural heritage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.5271063
    Latitude
    25.6086639

    Comparable in this City

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    • $2,695,000

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      29 Acres for Custom Estate

      Land in Miami for custom home or family compound development.
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    • $795,000
      2.86 Acres

      2.86-Acre Lot Near Krome Ave

      2.86-acre lot zoned EU-1 near Krome Ave in Miami, FL.
      216th SW 184Th Ave, Miami, FL 33187
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    Similar Nearby for Sale

    • $1,150,000

      Prime Miami Residential Land

      4.96-acre lot, build your dream home.
      18105 158Th St, Miami, FL 33187
      View Details
    • $499,990

      Mobile Homes Near Shopping Centers

      Mobile homes with utilities included, near main road and amenities.
      15555 SW 212Th St, Miami, FL 33187
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    • $2,695,000

      Miami Commercial Land: 10 Acres

      Turn-key nursery, office, & equipment. High & dry land.
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    • $2,600,000

      Almost 5 Acres on Krome

      Almost 5 acres of commercial land on Krome Avenue.
      17800 SW 177Th Ave, Miami, FL 33187
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    • $7,902,090
      29.00 Acres

      29 Acres for Custom Estate

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      15100 SW 200Th St, Miami, FL 33187
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    • $795,000
      2.86 Acres

      2.86-Acre Lot Near Krome Ave

      2.86-acre lot zoned EU-1 near Krome Ave in Miami, FL.
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    Similar Nearby for Lease

    • $5,000 /Mo

      Fenced Lot with Utilities

      Fenced 1.63-acre lot with water, electricity, and covered storage.
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      Gated Lot for Varied Ventures

      1.44 acre fenced lot suitable for plant nursery or equestrian.
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      Commercial Land on Krome Avenue

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      1,413 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Miami-Dade, excellent daytime traffic.
      18200-18232 SW 147Th Ave, Miami, FL 33187
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    20701 168Th St
    Miami, FL 33187
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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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