Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2115 115th Ave, Unit 8 Sweetwater, FL 33172-4920

    • Manufacturing properties
    • 9,756 SF
    OFF-MARKET
    Last Sale
    Jun 14, 2021
    $2,400,000
    Value Estimations
    $2,495,000
    Show details
    Cap Rate Potential
    5.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-6083578
    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

    • Alto Tostado, LLC. / Warehouse
    • Strongar Hardware / Hardware Store
    • Premier Express / Shipping And Mailing Service
    • International Port Services .Inc / Freight Forwarding Service / Customs Broker

    Property Details for 2115 115th Ave

    Year built
    2010
    Property size
    9,756 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    25-3031-049-0080
    APU
    2530310490080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,535,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,185,000
      6.5%
      $2,015,000
      7%
      $1,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,709,000
      Market price range: $2.53M - $4.07M
      AI Estimate
      $2,174,000
      Market price range: $1.28M - $3.82M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,135,000
      Current use
      OFFICE BUILDING
      $3,985,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,035,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sweetwater
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3827
    Latitude
    25.7936
    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
    $49,849
    $0.00
    $0.00
    $2,048,760
    -
    $0.00
    $0.00
    $2,048,760

    Comparable in this City

    • Value Estimation by Request
      2,595 SF

      2051 112th Ave Ste, Unit 116

      MANUFACTURING (LIGHT) • 2,595 SF
      2051 112th Ave Ste, Sweetwater, FL 33172-1829
      View Details
    • Value Estimation by Request
      1,302 SF

      2061 112th Ave Ste, Unit 145

      MANUFACTURING (LIGHT) • 1,302 SF
      2061 112th Ave Ste, Sweetwater, FL 33172-1831
      View Details
    • Value Estimation by Request
      4,878 SF

      9550 12th St

      MANUFACTURING (LIGHT) • 4,878 SF
      9550 12th St, Doral, FL 33172-2860
      View Details
    • Value Estimation by Request
      2,808 SF

      9500 12th St Ste, Unit 1

      MANUFACTURING (LIGHT) • 2,808 SF
      9500 12th St Ste, Doral, FL 33172-2830
      View Details
    • Value Estimation
      $580,000
      16,933 SF

      1950 88th Ct

      MANUFACTURING (LIGHT) • 16,933 SF
      1950 88th Ct, Doral, FL 33172-2633
      View Details
    • Value Estimation
      $1,360,000
      38,979 SF

      2180 89th Pl

      MANUFACTURING (LIGHT) • 38,979 SF
      2180 89th Pl, Doral, FL 33172-2427
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sweetwater Warehouse with Office Space

      Warehouse and office space suitable for various business types.
      1460 NW 107Th Ave, Miami, FL 33172
      View Details
    • $160,000

      Doral Bakery Manufacturing Opportunity

      Manufacturing and retail space suitable for bakery production and sales.
      1365 NW 98Th Ct, Miami, FL 33172
      View Details
    • Contact for pricing

      Doral Industrial Building For Sale

      16,973 SF industrial building in Doral with ample parking.
      2281 NW 95Th Ave, Miami, FL 33172
      View Details
    • $650,000
      1,302 SF

      Sweetwater Industrial Space For Sale

      Prime location, move-in ready warehouse
      2061 112Th Ave, Sweetwater, FL 33172
      View Details
    • $685,000
      1,570 SF

      Doral Warehouse: Prime Location

      1,570 SF Warehouse, $685,000
      10811 29Th St, Doral, FL 33172
      View Details
    • $2,500,000
      5,550 SF

      Doral Warehouse: Prime Location

      5,550 SF Warehouse, Luxury Offices
      2200 102 Ave, Doral, FL 33172
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      174,024 SF

      Doral Flex Space Available

      Modern Industrial Space, Flexible Lease Terms
      2900 112 Ave, Doral, FL 33172
      View Details
    • $16 SF/Yr
      118,449 SF

      Doral Industrial Space For Lease

      118,449 SF Flex Warehouse, 21 Docks
      1910 97 Ave, Doral, FL 33172
      View Details
    • $20 SF/Yr
      63,000 SF

      Doral Warehouse Space Available

      Modern Flex Space, Miami, FL
      10800 21St St, Miami, FL 33172
      View Details
    • $0.01 SF/Yr
      39,906 SF

      Doral Warehouse: 39,906 SF

      Prime Doral warehouse, single tenant, immediate occupancy.
      2279 102Nd Pl, Doral, FL 33172
      View Details
    • Contact for pricing
      20,000 SF

      Doral Industrial Space For Lease

      Prime Doral Warehouse: Cooler, Freezer, Office
      9665 13 St, Doral, FL 33172
      View Details
    • $18 SF/Yr
      42,437 SF

      Doral Warehouse Space Available

      42,437 SF warehouse space for lease in Doral.
      9950 NW 17Th St, Doral, FL 33172
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2115 115th Ave, Unit 8
    Sweetwater, FL 33172-4920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.