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    Property profile & analytics

    2255 NW 87Th Ave Doral, FL 33172

    • Turn key restaurants
    • 8,046 SF
    • 1.15 lot acres
    For Lease
    View listing
    Last Sale
    Sep 30, 2021
    $6,100,000
    Value Estimations
    $6,400,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4334210
    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 2255 NW 87Th Ave

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    1.15 lot acres
    Property size
    8,046 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Turn key restaurants
    APN
    35-3034-044-0050
    APU
    3530340440050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,445,000
      ML approach
      $6,465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,880,000
      Market price range: $2.91M - $10.6M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,965,000
      Current use
      COMMERCIAL (GENERAL)
      $5,950,000
      Change: -0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,260,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3363
    Latitude
    25.7948
    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
    $86,938
    $2,001,560
    $2,998,440
    $5,000,000
    -
    $2,001,560
    $2,998,440
    $5,000,000

    Comparable in this City

    • Value Estimation
      $650,000
      7,176 SF

      1630 87th Ave

      RESTAURANT • 7,176 SF
      1630 87th Ave, Doral, FL 33172-2614
      View Details
    • Value Estimation
      $1,115,000
      9,301 SF

      1400 87th Ave

      RESTAURANT • 9,301 SF
      1400 87th Ave, Doral, FL 33172-3022
      View Details
    • Value Estimation
      $3,150,000
      5,679 SF

      1790 107th Ave

      RESTAURANT • 5,679 SF
      1790 107th Ave, Sweetwater, FL 33172-2790
      View Details
    • Value Estimation by Request
      3,600 SF

      2400 87th Ave

      RESTAURANT • 3,600 SF
      2400 87th Ave, Doral, FL 33172-2410
      View Details
    • Value Estimation
      $630,000
      6,655 SF

      1695 87th Ave

      RESTAURANT • 6,655 SF
      1695 87th Ave, Doral, FL 33172-2613
      View Details
    • Value Estimation
      $530,000
      9,903 SF

      10633 12th St

      RESTAURANT • 9,903 SF
      10633 12th St, Doral, FL 33172-2730
      View Details

    Similar Nearby for Sale

    • $299,000
      Pending

      Turnkey Restaurant in Sweetwater, FL

      Fully equipped restaurant suitable for Latin rotisserie chicken production.
      11401 NW 12Th St, Sweetwater, FL 33172
      View Details
    • $550,000

      Established Bar & Grill Business

      Bar and grill business with COP 4 license in Doral.
      10648 Fountainbleau Blvd, Miami, FL 33172
      View Details
    • $1,675,000
      4,835 SF

      Doral Rooftop Terrace Unit

      Unique rooftop space in Doral, ideal for various commercial uses.
      10450 NW 33Rd St, Doral, FL 33172
      View Details
    • $250,000

      Established Restaurant in Doral

      Well-established Doral restaurant with loyal clientele, ready for operation.
      8726 NW 26Th St, Doral, FL 33172
      View Details
    • $75,000

      Established Business in Prime Miami

      Well-established business in a desirable, central Miami location.
      Restaurant/Cafeteria For Sale In The Heart Of Fontainebleau Blvd, Miami, FL 33172
      View Details
    • $2,770,000
      4,280 SF

      Sweetwater Retail Space - Prime Location

      High-Ceiling Retail/Office Suite - Shell Space Available
      1695 110Th Ave, Sweetwater, FL 33172
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Doral Restaurant Ready for Lease

      Second-generation restaurant space available in Doral's active commercial corridor.
      2255 NW 87Th Ave, Doral, FL 33172
      View Details
    • Contact for pricing
      20,052 SF

      Gated Office Complex with Amenities

      Secure office complex in West Dade with gym and café.
      730 NW 107Th Ave, Miami, FL 33172
      View Details
    • $38 SF/Yr
      1,236 SF

      Sweetwater Retail Space For Lease

      Prime Sweetwater location, 1236 sq ft retail space.
      10887 17Th St, Miami, FL 33172
      View Details
    • $6,000 /Mo

      Sweetwater Mixed-Use Space Available

      Showroom, office, and warehouse space near Dolphin Mall.
      Sweetwater, FL 33172
      View Details
    • New
      $2,500 /Mo

      Doral Mixed-Use Space For Rent

      Spacious Doral workspace with loading dock, utilities included.
      10431 NW 28Th St, Doral, FL 33172
      View Details
    • $0.01 SF/Yr
      73,236 SF

      NW 87th Ave Retail Space

      Prime Retail Space, 1,711 RSF Available
      2600 87 Ave, Doral, FL 33172
      View Details
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    Doral, 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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