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    Property profile & analytics

    2600 87 Ave Doral, FL 33172

    • Outlet malls
    • 71,326 SF
    • 4.44 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0527180
    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 2600 87 Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    4.44 lot acres
    Property size
    71,326 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Outlet malls
    APN
    35-3028-023-0140
    APU
    3530280230140

    Description

    This exceptional Doral retail property, located at 2600 NW 87th Avenue, Suites #19 and #30, offers two available units totaling 3,146 square feet within a 71,326 square foot Class B building. Unit #19, approximately 1,435 square feet, features a waiting area/showroom, kitchenette, private offices, conference room, storage, and restroom, leasing at $45.50 per square foot, NNN. Unit #30, approximately 1,711 square feet, offers a mostly open layout with a partition creating two distinct areas, a private restroom, and small storage, leasing at $40.00 per square foot, NNN. Both units boast 14' - 31' ceilings, separate electric meters, and individual AC thermostats with landlord-provided preventative maintenance. The property benefits from a convenient location in the Airport West - Doral submarket, with easy access to major thoroughfares and Miami International Airport. Situated within the Westend @ 87th Shopping Center, it enjoys an excellent tenant mix and non-compete clauses. The property's prime location offers close proximity to residential areas, hotels, banks, office parks, retail centers, and industrial complexes. Further enhancing its appeal, the property received the "Keep Doral Beautiful Award" in December 2019, and features a redesigned courtyard with additional upgrades underway. The zoning is 6400 Commercial, and the APN is 35-3028-023-0140. Parking is available depending on the tenant's needs. The building is single-story with three-phase power.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $38,785,000
      6.5%
      $35,800,000
      7%
      $33,245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $40,915,000
      Market price range: $24.6M - $59.0M
      AI Estimate
      $29,086,000
      Market price range: $3.20M - $43.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $40,930,000
      Current use
      RESTAURANT
      $52,895,000
      Change: +29% Conversion: Easy
      COMMERCIAL (GENERAL)
      $52,730,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $46,635,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3377
    Latitude
    25.7987
    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
    $305,545
    $5,807,220
    $17,112,780
    $22,920,000
    -
    $5,807,220
    $17,112,780
    $22,920,000

    Comparable in this City

    • Value Estimation
      $2,290,000
      4,300 SF

      2500 87th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,300 SF
      2500 87th Ave, Miami, FL 33172-1611
      View Details
    • Value Estimation
      $6,740,000
      13,146 SF

      2475 95th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 13,146 SF
      2475 95th Ave, Doral, FL 33172-2337
      View Details
    • Value Estimation
      $9,260,000
      20,648 SF

      10623 12th St

      WHOLESALE OUTLET, DISCOUNT STORE • 20,648 SF
      10623 12th St, Doral, FL 33172-2730
      View Details
    • Value Estimation
      $14,090,000
      28,857 SF

      1450 87th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 28,857 SF
      1450 87th Ave, Doral, FL 33172-3004
      View Details
    • Value Estimation
      $6,870,000
      15,455 SF

      9610 Fontainebleau Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 15,455 SF
      9610 Fontainebleau Blvd, Miami, FL 33172-6876
      View Details
    • Value Estimation
      $1,660,000
      2,940 SF

      1200 87th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,940 SF
      1200 87th Ave, Doral, FL 33172-3002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      58,000 SF

      Westend @ 87th Shopping Center

      Shopping center with excellent tenant mix and easy access.
      2600 NW 87Th Ave, Miami, 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
    • $1,000,000
      1,880 SF

      Sweetwater Retail Space - $1M

      Prime Sweetwater retail/office suite, 1880 sq ft.
      1695 110Th Ave, Sweetwater, 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
    • New
      $2,250,000
      0.41 Acres

      Income-Generating Parking Lot and Land

      Prime commercial lot with income-producing parking business in Sweetwater.
      1890 NW 108Th Ave, Sweetwater, FL 33172
      View Details
    • $65,000

      Doral Beauty Salon Business Opportunity

      Established full-service beauty salon in Doral, move-in ready.
      Full-Service Beauty Salon For Sale In Doral, Doral, FL 33172
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Sweetwater Mixed-Use Space Available

      Showroom, office, and warehouse space near Dolphin Mall.
      Sweetwater, FL 33172
      View Details
    • 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
    • $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
    • $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
    • $41 SF/Yr
      2,758 SF

      Doral Warehouse: Prime Location

      2,758 sq ft Single-Tenant Warehouse
      3105 107 Ave, Doral, FL 33172
      View Details
    • $34 SF/Yr
      2,250 SF

      Doral Flex Space: Prime Location

      2,250 SF Flex Warehouse, High Ceilings
      10200 25Th St, 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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